With the 2022 tax season upon us, getting the most out of our hard-earned money is a high priority for most of us (I’m not talking to you, Elon…). One of the unexpected surprises hidden in the 2022 Inflation Reduction Act (IRA) was an expansion of existing tax credit opportunities. Specifically, those that promote solar energy. The IRA extends the provisions of the Solar Investment Tax Credit (ITC), so
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Switching to solar power is a big decision for many households. Determining the economics of solar is of utmost importance in making that decision. The full-picture economics—not simply the price tag of the installation—is what we outline in this post.
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