Inflation Reduction Act 2024 Solar Panels. First solar, the largest domestic maker of solar panels, became perhaps the biggest beneficiary from $1 trillion in environmental spending enacted under the. The inflation reduction act modifies and extends the clean energy investment tax credit to provide up to a 30% credit for qualifying investments in wind,.
There are tax credits for manufacturing the various solar panel, inverter, and racking components, as well. President biden signed the inflation reduction act into law on tuesday, august 16, 2022.
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