Inflation Reduction Act 2024 Solar Panels Regulations. The inflation reduction act (ira) is a significant boost for the renewable energy sector, especially solar. President biden signed the inflation reduction act into law on tuesday, august 16, 2022.
Reap will host six quarterly competitions to obligate $1.05 billion throughout the remainder of fy 2023 and fy 2024. One of the many things this act accomplishes is the expansion of the federal tax credit for solar photovoltaics, also known as.