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 […]
Tag Archives | Green Energy and Tax Breaks
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.
