Whiteboard animation describing the Clean Energy Tax Credit
Transcript below:
The Residential Clean Energy Credit, introduced under the Inflation Reduction Act of 2022, empowers homeowners to invest in renewable energy systems while enjoying financial savings.
Taxpayers can claim 30% of costs for installing solar panels, wind turbines, geothermal heat pumps, solar water heaters, and battery storage systems (starting in 2023).
Available from 2022 to 2033, the credit has no annual limit for most systems and covers labor expenses for installation.
It’s accessible to homeowners and renters for primary or secondary residences, with restrictions for landlords.
To claim, taxpayers must file Form 5695 and maintain records of installation dates, expenses, and certifications.
Beyond financial benefits, the credit supports energy independence, environmental responsibility, and higher property values, aligning with national goals of achieving net-zero emissions by 2050.
By leveraging this incentive, homeowners can reduce reliance on fossil fuels, lower utility bills, and prepare their homes for a cleaner, more sustainable future.
The message is clear: investing in clean energy now ensures both immediate savings and long-term benefits.
