TAX CREDITS

Solar Tax Credits

There are many tax incentives for converting your home or business to solar or installing EV charging systems for electric vehicles. Our team can assist you in finding and taking advantage of these incentives. As a member of the GLREA, we attend regular educational seminars with the GLREA and maintain relationships with many industry contacts to ensure we know what programs are available.

GLREA

30% Federal Tax Credit

Federal programs such as the Investment Tax Credit (ITC), Inflation Reduction Act (IRA), Residential Clean Energy Credit, and Federal Tax Credit for Photovoltaics are all great options for consumers to take advantage of these tax credits (refer to energy.gov for the latest information about energy-related federal tax incentive programs). As part of the Inflation Reduction Act, the federal government is offering a residential clean energy property credit which is a 30% credit for certain qualified expenditures made by a taxpayer for residential energy efficient property. 

Rural Energy REAP

The program provides guaranteed loan financing and grant funding to agricultural producers and rural small businesses for renewable energy systems or to improve energy efficiency. Agricultural producers may also apply for new energy-efficient equipment and system loans for agricultural production and processing.

Rewiring America

Rewiring America is the leading electrification nonprofit, focused on electrifying our homes, businesses, and communities. They develop accessible, actionable data and tools. Rewiring America helps Americans save money, tackle nationwide emissions goals, improve health, and build the next generation of the clean energy workforce. We believe in an abundant, flourishing, climate-safe future, and know that, together, we can realize one.

Rewiring American

Solar energy provides many benefits, including tax incentives. Call us at (248) 449-4200, to learn more.

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