kidenraikou
kidenraikou t1_iscbe0o wrote
Reply to comment by JebusLives42 in FREE ELECTRICITY! Credit Suisse analysis says Inflation Reduction Act will produce solar modules for two pennies a watt in Ohio, while federal tax credits will cover 50% of project costs. by manual_tranny
Yes it will. It's literally a tax credit. You pay less in taxes at the end of the year, thus receiving a larger tax refund.
kidenraikou t1_isbf2hc wrote
Reply to comment by [deleted] in FREE ELECTRICITY! Credit Suisse analysis says Inflation Reduction Act will produce solar modules for two pennies a watt in Ohio, while federal tax credits will cover 50% of project costs. by manual_tranny
I meant in the form of tax incentives for the middle class. Yes, we're technically paying for it. But they are giving us that money back, come tax season.
kidenraikou t1_isaybk1 wrote
Reply to comment by JimmyJoeJohnstonJr in FREE ELECTRICITY! Credit Suisse analysis says Inflation Reduction Act will produce solar modules for two pennies a watt in Ohio, while federal tax credits will cover 50% of project costs. by manual_tranny
That we already paid for. At least it's coming back to us to incentivize making the country better, rather than just adding another billion to the military budget.
kidenraikou t1_iscgznf wrote
Reply to comment by JebusLives42 in FREE ELECTRICITY! Credit Suisse analysis says Inflation Reduction Act will produce solar modules for two pennies a watt in Ohio, while federal tax credits will cover 50% of project costs. by manual_tranny
Yes. On the solar panels that now power your home. That's them giving it back to you. I'm not sure what the problem is in this situation.
Edit: Genuinely, I think I am confused about your point.