What you need to know:

1. The Inflation Reduction Act extended the Federal Residential Solar Energy Credit and raised it from 26% to 30%;
2. The Department of Energy Office of Energy Efficiency & Renewable Energy published the following guidelines for determining if homeowners are eligible to receive the 30% tax credit;
3. Members of homeowner associations, condominiums, and tenant-stockholders of cooperative housing corporations are eligible for the tax credit if they pay part of the costs of installation of an eligible solar energy system.

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