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The Inflation Reduction Act (IRA) has passed, and with it the solar Investment Tax Credit (ITC) has been increased from 26% to 30%, effective immediately, and has been extended through 2032.The U.S. Treasury allows Energy Tax Credits for home or business owner incomes. Taxpayers are allowed one tax credit equal to 30 percent of the qualified investment in solar electric panels. Solar tax credits do not apply to solar heating for pools or hot tubs. Always consult your tax adviser, and take a …