IRA Residential Clean Energy Credit (25D)

About This Program

The IRA's Residential Clean Energy Credit gives Providence homeowners a 30% federal tax credit with no dollar cap for qualifying solar panels, geothermal heat pumps, battery storage, and solar water heaters. Rhode Island's net metering program and REG solar incentives can be layered on top for comprehensive solar economics. The credit is nonrefundable but can be carried forward.

30% of total project cost; no dollar cap; carryforward allowed.

Key Details

• 30% tax credit on solar, geothermal, and battery storage
• No annual dollar cap
• Stack with RI net metering and REG incentives
• Nonrefundable; unused credit can be carried forward
• Active through 2034

How to Apply

Deadline: Annual; claim on federal tax return through 2034