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Durango, CO 81301

970-403-5004

Based in Durango, Colorado, Flatrock Solar is a locally owned and operated solar panel contractor and installer serving the Durango area from Cortez to Pagosa Springs and Silverton to Ignacio.  Flatrock Solar has been helping businesses, homeowners and non-profits convert Colorado sunshine into clean, renewable energy since 2010.  

Thoughts - musings on solar panels and renewable energy

This page is for thoughts and ideas about solar and the environment in general.  I'm passionate about solar and think and read about it daily.  This will be a space for these thoughts.

How the Inflation Reduction Act benefits solar

Dan Diehl

The Inflation Reduction Act (IRA) of 2022 is a piece of legislation that was passed by the United States Congress and signed into law by President Joe Biden on August 16, 2022. The IRA includes a number of provisions that are designed to reduce inflation, including a provision that extends the solar investment tax credit (ITC).

The ITC is a tax credit that is available to homeowners who install solar panels on their homes. The credit is equal to 30% of the cost of the solar system. The IRA extends the credit for an additional 10 years, through 2032.

The extension of the ITC is a major victory for the solar industry. The credit has been a major driver of the growth of the solar industry in recent years. The extension of the credit will help to ensure that the solar industry continues to grow in the years to come.

The IRA also includes a number of other provisions that are designed to promote renewable energy. These provisions include:

  • A provision that creates a new tax credit for energy storage systems.

  • A provision that provides funding for research and development of renewable energy technologies.

  • A provision that directs the Department of Energy to develop a plan to increase the use of renewable energy in the United States.

The IRA is a major step forward for the solar industry. The extension of the ITC and the other provisions in the bill will help to ensure that the solar industry continues to grow in the years to come.

In addition to the benefits of solar energy that were mentioned in the previous blog post, the IRA also provides a number of financial benefits for homeowners who install solar panels. The ITC can save homeowners thousands of dollars on their taxes, and the IRA extends the credit for an additional 10 years. This means that homeowners who install solar panels in the next 10 years will be able to take advantage of the full 30% tax credit.

The IRA also includes a provision that allows homeowners to sell their solar power back to the grid. This is known as net metering, and it can provide homeowners with even more financial benefits. With net metering, homeowners who generate more solar power than they use can sell the excess power back to the grid and receive a credit on their utility bill. This can help to offset the cost of solar panels and make them even more affordable.

The IRA is a major victory for the solar industry and for homeowners who want to save money and reduce their carbon footprint. The extension of the ITC and the other provisions in the bill will help to make solar energy more affordable and accessible for everyone.

Call, text or email us today to find out more about how solar on your home or business in the greater Durango, Colorado area can benefit you.

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