The Inflation Reduction Act (IRA), which was signed into law recently, contains, extends and modifies many climate and energy-related tax credits. For example, there’s a credit for a percentage of certain expenses for nonbusiness energy-saving property placed in service before Jan. 1, 2033. The credit is further increased for amounts spent for a home energy […]
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How to get (tax) credit for your home’s green energy upgrades.
Installing renewable energy systems in your primary or other residence? You may be eligible for a valuable tax break. if your home improvements qualify, the Nonbusiness Energy Tax Credit can reduce your federal tax bill, dollar-for-dollar, by a percentage of your energy equipment and labor costs.