Passage of Inflation Reduction Act Could Dramatically Improve Solar Project Economics for Homeowners and Commercial Property Owners
PHOENIX, Aug. 9, 2022 /PRNewswire/ — SinglePoint, Inc. (OTCQB: SING) (“SinglePoint” or “the Company”), a solar energy and sustainable solutions provider, announced today that its subsidiary, The Boston Solar Company LLC, expects to see substantial increases in residential solar energy projects due to the Inflation Reduction Act which passed on Sunday, August 7th, 2022. The climate change and tax package passed by the Senate on Sunday will provide $370 billion in funding for clean energy, including extending and increasing lucrative tax credits for solar energy, enabling residential homeowners to claim up to 30% of the value of a solar project as a tax credit.
The legislation provides a 30% tax credit for installing residential solar panels until…
SinglePoint Inc. Anticipates Significant Increases In Solar Energy Projects from Tax Credit Extension and Climate Bill
