12 Jul 2024
Solar Tax Credit in the U.S.
As of 2023, there have been a few changes to the U.S. federal solar tax credit. The tax credit policy got an update and a boost under the Inflation Reduction Act (IRA). The act introduced two new ways to monetize tax credits: direct payments and transferable mechanisms. These new mechanisms are meant to make it easier for people to get tax credits and grow the market for financing green projects with tax credits. This should make it more efficient to use tax credits for clean energy and get more investors interested in the new energy industry.