Inflation Reduction Act 2024 Solar. American families have claimed more than $6 billion in credits for residential clean energy investments on 2023 tax returns filed and processed through may 23, 2024. Since those tax credits are proving more popular than anticipated, the final total.

American families have claimed more than $6 billion in credits for residential clean energy investments on 2023 tax returns filed and processed through may 23, 2024. The inflation reduction act modifies and extends the clean energy investment tax credit to provide up to a 30% credit for qualifying investments in wind, solar, energy storage, and other renewable energy projects that meet prevailing wage standards and employ a sufficient proportion of qualified apprentices from registered apprenticeship.