Inflation Reduction Act 2024 Solar Power. Clean energy deployment from both the inflation reduction act and the bipartisan infrastructure law is projected to cut electricity rates by as much as 9 percent by. One of the many things this act accomplishes is the expansion of the federal tax credit for solar photovoltaics, also known as.
Two years after passing congress, the inflation reduction act has jumpstarted america’s economy, creating good jobs and spurring a manufacturing boom. Since january 2024, more than 250,000 americans have claimed the inflation reduction act’s ev tax credits—either $7,500 off a qualified new electric vehicle, or up to.