2024 Tax Credits For Solar Power. As for subsidies, first solar’s since 2009 have amounted to about three times the amount reported by tongwei — $967 million in grants, tax credits, loan guarantees. Those who install a pv system between 2022 and 2032 will receive a 30% tax credit.
The solar tax credit, which is among several federal residential clean energy credits available through 2032, allows homeowners to subtract 30 percent of the cost of installing solar. As the 2024 election approaches, many businesses and homeowners considering solar and professionals in the solar industry wonder what the election.