The Federal Solar Investment Tax Credit (ITC) is now 30% until 2032. This means that someone who installs a $20,000 home solar energy system could claim a $6,000 tax credit when filing taxes.
*UPDATE* This tax credit expires at the end of 2025 due to the One Big Beautiful Bill act that passed the house in July 2025.
What else is in the Inflation Reduction Act (IRA)? Here are some highlights.
The High Efficiency Electric Home Rebate Program. (HHEEHRA) is designed to help low to moderate income households purchase efficient building technologies:
- $8000.00 for heat pump space heating/cooling
- $1750.00 for heat pump water heater
- $1600.00 for air sealing/insulation/ventilation
- $4000.00 for panel upgrade
- $2500.00 for electric wiring
- $840 for stove /oven
- $840.00 for heat pump cloths drier
Check out this website for a complete listing of incentives adjusted to your location and household income. www.rewiringamerica.org
The Clean Vehicle credit
- $7,500 credit for new electric vehicles and a $4,000 credit for used electric vehicles.
*UPDATE this credit will end September 30th of 2025 due to the One Big Beautiful Bill act passed by the house in July of 2025*
Loans for clean energy investments
- The Funding for Department of Energy Loan Programs Office (LPO) provision will provide LPO $3.6 billion to guarantee loans up to $40 billion in principal amounts. Check out Financing, Energy Grants & Funding Solar.
Check with your SBS Solar design team for updates.
Begin planning next years system
today. One of the best ways to size a solar electric system is to look at your utility power bill. Learn more…
Invest in your long term energy independence. Put your hard earned money to work for you with the 30% federal tax credit
Call SBS Solar today for your free residential or commercial estimate. 406-541-8410