How to Save With Energy Tax Credits

Published by
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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