On August 16, 2022, President Joe Biden signed the Inflation Reduction Act (IRA) into law. The bill is broad and addresses many things from corporate tax rates to prescription drug prices, but a significant amount of it is dedicated to tackling climate change. In fact, while studies cast doubt on the impact the IRA can be expected to have on inflation, what is undeniable is that this bill is the largest investment in the fight against climate change in the history of the United States. One of the pillars of the IRA's strategy to curb climate change – and the headline for people planning a DIY solar project – is the extension and expansion of the Federal Solar Tax Credit (also known as the Solar Investment Tax Credit or Solar ITC)... |
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