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Tax filers: If you’re claiming IRA tax credits, then you need this free tool

Baua Electric

Photo: Tesla If you bought an EV or made electric upgrades in 2023, then use this Rewiring America tool to confirm which Inflation Reduction Act (IRA) tax credits you qualify for. The IRA tax credits are new, so it’s good to have a tool to refer to during tax preparation. The tool tells me that I get 30% of qualifying costs.

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How to Get the Federal Clean Vehicle Tax Credit This Year

Blink Charging

The latest Clean Vehicle Tax Credits can be applied to the purchase of a new or used EV at the point of sale as of January 1, 2024. The Clean Vehicle Tax Credit for new EVs is worth up to $7,500 and the Previously Owned Clean Vehicle Tax Credit is worth up to $4,000.

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Texas installs another big solar + battery storage project

Baua Electric

Ables Springs is Enel’s 17th renewables project in the state, where it has installed 3.8 Over its lifetime, the project is expected to generate around $60 million in tax revenue for schools and public services. Plus, it’s free to use and you won’t get sales calls until you select an installer and share your phone number with them.

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VW says ‘most’ 2023, 2024 ID.4s will get full $7,500 EV tax credit

Baua Electric

4s will qualify for the full US EV tax credit in 2024 – here’s the lowdown on eligibility. 4s with US-manufactured SK On battery components placed in service in 2024 will be eligible for the full $7,500 federal tax credit. ad* FTC: We use income earning auto affiliate links. VW 2023 and 2024 ID.4s That means that the 2023 ID.4

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These are the best 2024 Memorial Day EV deals so far

Baua Electric

CarsDirect reported earlier in May that the $7,500 federal tax credit can make the Model Y $9,000 cheaper than a Model 3. Sadly Kia won’t allow those incentives to be stacked, so which works better is a personal choice. However, the Lightning’s $7,500 federal tax credit is intact. Lease prices are currently unchanged.

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The first entirely US-made crystalline solar panels are coming to market

Baua Electric

Suniva says the catalyst for the pairing was solar project owners and developers wanting their projects to qualify for the 10% Domestic Content Bonus Investment Tax Credit. Now, though there remain significant challenges, Inflation Reduction Act tax credits are helping change the game.” Get started here. –ad*

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Home battery storage now costs 20% less for everyone in the UK – here’s why

Baua Electric

Photo: Tesla The UK slashed value-added tax (VAT) to zero for folks installing battery storage in their homes from February 1, 2024. Buildings used solely for charitable purposes also qualify for the tax-free battery storage benefit. million homes with rooftop solar can now benefit from the tax cut. Get started here. –