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Did you know there’s a silent war going on inside your home? Alternating current (AC) electricity comes in from the grid, but many of your appliances and lighting run on direct current (DC). ....
Then, Congress reached an agreement on a COVID-19 relief bill, and everything changed. The aid bill, which may be voted on Monday, includes $900 billion in help for those struggling from the financial fallout of the pandemic. It also includes a two-year extension for the Solar Investment Tax Credit, which was supposed to phase out for homeowners by the end of next year. The Solar Investment Tax Credit currently saves homeowners 26% of the cost of their solar installation. Solar panel installations often exceed $10,000 in Indiana, meaning the credit can cut the cost by more than $2,000. Under the current phase-out plan, the credit would drop to 22% after Dec. 31 this year, and to 0% for homeowners by the end of next year. Businesses would still be able to take a 10% tax credit after that. ....