31/12/2022
Inflation Reduction Act of 2022 ♻️ paving the way into a much cleaner, more sustainable future for our nation. The renewable revolution is here! As we head into 2023 and up until 2032 property owners will be able to claim 30% tax credit off the cost of their renewable energy and /or battery storage system. This now allows battery storage on its own to receive the 30% credit so that battery retrofits are able to be installed to existing solar or wind systems. Commercial and utility scale solar and storage projects will be implemented by developers and this will allow our power grid to receive more energy from solar and wind with battery units to “stabilize” the grid with clean electricity.
Switching to all electric appliances, heat pumps, installing EV chargers, and even the transition to EV fleets on a commercial level will also finally start to happen with these new incentives at play. This is an extremely exciting time and couldn’t be more ready for the new year to arrive! ☀️⚡️💥