Renewable Energy Tax Credits 2024 Schedule. •an extension through 2024 of the existing 30% investment tax credit (itc) for solar, qualified fuel cell, waste energy recovery, geothermal and other designated electricity. The inflation reduction of act of 2022 (ira) allows eligible taxpayers to transfer eligible credits for tax years beginning after dec.

For several decades, two federal tax credits have supported the development of solar, wind, and other forms of renewable energy: Renewable energy tax credits have been a vital tool for fostering sustainable solutions across the nation, spurring substantial investment in emergent technologies such as.