Homeowner’s Guide to the Inflation Reduction Act.

The Inflation Reduction Act (IRA) offers homeowners tax credits and rebates to improve and electrify their homes by swapping out older, less-efficient technologies for newer ones, including solar panels, heating and cooling systems and more.

Additionally, the Solar Investment Tax Credit allows homeowners to use a part of the cost of a solar power system to reduce their income taxes owed. The U.S. Department of Energy says the tax savings on an average solar installation can reach $7,500.*

*The actual percentage of the cost you can claim varies based on the year your system was activated.

Why now? The high price of waiting.

  • Rising Energy Costs: Dependence on non-renewable energy means dealing with unpredictable and increasing energy bills.
  • Missed Financial Incentives: Overlooking substantial tax credits and incentives that are designed to lower the cost of going solar.
  • Environmental Impact: Contributing to carbon emissions, ignoring our global and personal carbon footprint.

The importance of homes powered by clean energy.

  • Reduced Energy Bills: Solar energy can significantly cut your electricity costs.
  • Increased Property Value: Homes with solar installations are more attractive to buyers, often selling faster and at higher prices.
  • Environmental Preservation: Solar energy is clean, renewable and reduces greenhouse gas emissions, contributing to a healthier planet.

Together, we can contribute to a healthier planet, ensuring a sustainable and prosperous future for all.

The 2024 Solar Investment Tax Credit can save homeowners up to 30% of eligible costs.

If you installed solar panels, you may be eligible for a tax credit when you file your return. The U.S. government offers a solar tax credit of up to 30% of the cost of installing a system that uses the sun to power your home. Please consult a tax professional for more information on tax specifics.

Save Money
& Energy

You may qualify for up to a 30% tax credit on the cost of your new solar energy system installed between 2022 and 2032.

No Dollar Limits

There is no cap to the value you can claim for your credit, and no income limits for claiming the credit.

Carry Forward Savings

If your credit exceeds your tax liability, you can carry it forward to reduce future tax bills.

The Inflation Reduction Act for homeowners – simplified.

The IRA’s tax credits and rebates don’t have to be complicated. This infographic can help you navigate your possible savings.

More Resources

IRA benefits infographic_r2

5 Ways The IRA Will Benefit Homeowners (and Contractors)

The Inflation Reduction Act’s tax credits and rebates will allow more households to prosper from sustainable home improvements.


How Clean Energy Upgrades Can Save Energy and Money

The home improvement industry is growing. In the United States alone, market value is forecasted to exceed 600 billion dollars by 2025.


The Inflation Reduction Act is Driving Clean Energy Forward

This Earth Month, we’re celebrating how the Inflation Reduction Act is helping our industry, people and the planet prosper.

Homeowner FAQs

A tax credit is a dollar-for-dollar reduction in the amount of income tax you would otherwise owe. For example, claiming a $1,000 federal tax credit reduces your federal income taxes due by $1,000. The federal tax credit is sometimes referred to as an Investment Tax Credit, or ITC, though is different from the ITC offered to businesses that own solar systems.