Inflation Reduction Act 2024 Solar. 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. In august 2022, the united states passed the inflation reduction act, the country's largest investment in climate change.

This credit helps families afford investments in solar electricity generation, solar water heating, and battery storage, among others. 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.