Inflation Reduction Act (IRA) Resources

Clean Energy Tax Credit Scam Alert

The IRS has issued a warning about a new scam involving clean energy tax credits. Scammers are impersonating IRS agents or tax professionals to deceive taxpayers into providing personal information or making payments by falsely claiming eligibility for tax credits. These fraudulent communications may come through email or phone.

If your customers ask you about this, please share the following message and IRS article with them. To protect yourself, avoid sharing personal information with unsolicited contacts and always verify claims directly with the IRS. If you suspect you’ve been targeted, report the incident to the IRS and take measures to secure your personal data. For more details, visit the IRS website.

Click here Report Suspected Abusive Tax Promotions or Preparers

Clean Energy Tax Incentives for Individuals

For all IRA clean energy tax credits, please see
IRS.gov/CleanEnergy for further details and eligibility requirements.

Publication 5886-A, Clean Energy Tax Incentives for Individuals

Publication 5797, Home Energy Tax Credits

25D Solar Tax Credit Overview by SEIA

This comprehensive guide provides essential information for homeowners considering solar energy systems. It covers the key benefits of the tax credit. It also details eligibility requirements, the current credit amount, and how to properly claim the credit using IRS Form 5695.

For a complete overview and further details, access SEIA’s guide here.

Leaving Tax Advice to the Professionals

Recently, FlaSEIA has become aware of a small number of CPAs proposing esoteric tax structures to potential Florida customers to realize more tax savings from provisions in the Inflation Reduction Act. FlaSEIA finds these proposals to be out of the mainstream, potentially misguided, and not recommended for any FlaSEIA member contractor to discuss with a potential customer.

While we understand a contractor’s desire to present the most financially appealing solar proposal to potential customers, we recommend steering clear of offering tax advice beyond a straightforward description of the mainstream incentives available. If a homeowner, for example, wants to take third-party CPA advice to monetize their solar system through production tax credits intended for commercial systems, that is a homeowner’s independent decision and should not be part of the contractor’s proposal. Any such ideas likely require an IRS private letter ruling before even being considered as seriously viable.

It is important to remember that providing incorrect tax information can lead to potential civil and even criminal penalties. These penalties may be applicable, even if a contractor simply reiterates the false information received from a third-party CPA.

FlaSEIA takes consumer protection very seriously and wants to see ethical transactions, which provide customers tangible, reliable value for their solar systems.

Increase Property Profits & Resilience – Utilize Billions from the IRA

Many thanks to U.S. Representative Kathy Castor (FL 14) for co-hosting Inflation Reduction Act (IRA) Workshops in Tampa and St. Petersburg. These free events for commercial property owners provided information and resources about solar energy tax credits and direct pay which are now available through the IRA.