Here’s an awesome credit that will assist homeowners in reducing taxes:
Taxpayers can also claim the Residential Clean Energy Credit for qualifying costs for either an existing home or a newly constructed home. Qualifying costs may include:
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Solar, wind and geothermal power generation equipment.
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Solar water heaters.
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Fuel cells.
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Battery storage.
The amount of the credit taxpayers can take is a percentage of the total improvement expenses in the year of installation:
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2022 to 2032: 30%, no annual maximum or lifetime limit.
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2033: 26%, no annual maximum or lifetime limit.
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2034: 22%, no annual maximum or lifetime limit