Biden signed a $370B climate bill in August
Learn how you can take advantage of this solar tax credit with Northeast.
Inside the Climate Bill
The Inflation Reduction Act includes a multitude of measures to revolutionize the American economy. A major portion of the bill is $370B, which will be directed toward climate spending and reducing greenhouse gas emissions. This bill is reported to be the “largest investment ever in combating the existential crisis of climate change.” Solar panels, air source heat pumps (ASHP), and electric vehicles, are some of the items eligible for incentives.
Federal Tax Credit Incentive
With President Joe Biden’s bill, you can receive a 30% federal tax credit. Massachusetts residents are also eligible for a $1,000 tax credit. These incredible solar rebates make installing solar panels a great choice for homeowners. At Northeast Solar, you can take advantage of this federal and state solar incentive by working with our state-of-the-art team and simple installation process.
We understand that the decision to input a solar energy system on your property can be costly; however, if you have been questioning whether you should invest in solar, the time is now. This new climate bill will make the installation process worth your time and money with the energy savings that will eventually pay for your solar panels (and more!).
Average Monthly Electric Bill
This summer at Northeast Solar, we’ve felt the heat. Temperatures soared to record highs, and so have our electric bills. This summer's average monthly electric bill was $212.15, but many received much steeper bills. Beyond electric bills, gasoline, home heating oil, and natural gas prices have continued to increase. Luckily, this climate bill includes beneficial solar, ASHP, and electric vehicle incentives that could help the average household save $2,500 annually.
Your road to renewable energy
The American shift to solar energy from a dependence on fossil fuels is happening right now. Reaping the benefits of energy savings now is not only a smart financial decision, but it helps cultivate a cleaner world.
Visit our website to learn more about our services or contact us today to schedule a consultation. Let us help you take advantage of this climate bill and the solar incentives it has to offer!