Overview

• IRS data shows a significant uptake in residential clean energy and home improvement credits, surpassing initial projections.
• The residential clean energy credit alone accounted for $6.3 billion, largely driven by rooftop solar installations.
• Energy-efficient home improvement projects, including insulation and heat pumps, claimed $2.1 billion in credits.
• Nearly half of the households that claimed credits had incomes below $100,000, though higher earners reaped the majority of the benefits.
• Experts predict continued growth in the adoption of clean energy technologies as public awareness increases.