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The Street
The Street
By TurboTax Energy tax credits can bring down the effective cost of investing in various energy endeavors the government feels important to support. Key Takeaways • Energy tax credits are government incentives to provide savings to individuals and businesses when investing in alternative energy technologies. • Many energy tax credits have requirements you have to meet to claim them, such as income eligibility, qualifying technologies or investment thresholds. • The Inflation Reduction Act of 2022 extended many energy tax credits beyond 2032, often with expanded benefits. How do energy tax cred…
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