The Residential Clean Energy Credit covers 30% of installation costs through 2032.
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About the 30% Federal Solar Tax Credit
The Inflation Reduction Act (IRA) of 2022 extended the Residential Clean Energy Credit at 30% through 2032. It drops to 26% in 2033 and 22% in 2034. This credit applies to the full cost of your solar panel system, including installation. It is a dollar-for-dollar reduction on your federal income tax, not a deduction. Consult a tax professional for your specific situation.
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