Solar Tax Credit Jumps to 30% until 2032!
If you have a room that feels like a cave or are looking for ways to make your home more energy efficient, consider installing skylights. VELUX products and their installation qualify for the 30% federal tax credit on solar property.
Which skylight products qualify for the federal tax credit?
The tax credit was originally part of the Emergency Stabilization Act signed into law in 2008 by President George W. Bush and the American Recovery and Reinvestment Act of 2009 signed into law by President Barack Obama. These laws created a 30% tax credit on the purchase and installation of qualifying products in renewable technologies such as solar electric property. The Inflation Reduction Act, passed in August 2022 and signed into law by President Joseph Biden, extended the 30% tax credit to 2032.
The following VELUX products qualify for the tax credit:
Solar-powered fresh air skylights
Fixed or manual fresh air air skylights with factory installed solar-powered shades
Rigid Sun Tunnel skylights with a pre-installed solar-powered night light