If you’ve been noticing your neighbors making energy related home improvements lately, such as installing solar panels on the roof, it may be thanks to the expanded home energy tax credits provided by the Inflation Reduction Act.
You can claim either the Energy Efficient Home Improvement Credit or the Residential Clean Energy Credit for the year in which you make qualifying improvements to your primary residence. The former can help cover the costs of replacing windows, doors, and heating and air conditioning systems. The latter may cover the costs of solar, wind, and other sustainable energy projects. For additional details from the IRS on these two credits: https://bit.ly/3QwWr5i