Inflation Reduction Act 2024 Solar Panels Texas. There are tax credits for manufacturing the various solar panel, inverter, and racking components, as well. With the passage of the inflation reduction act, the rural energy for america program (reap) has been provided over $2 billion for renewable energy systems and energy efficiency.

Sustainable energies like solar are key to reducing the consumer burden of inflation, hence why it was included in the inflation reduction act of 2022. President biden signed the inflation reduction act into law on tuesday, august 16, 2022.