August 23rd, 2022 — Fixed max income limit for previously-owned EV tax credit
Max income for joint tax filing was set to $112,500, when it is actually $150,000. Max income for head of household tax filing was set to $150,000, when it is actually $112,500.
August 22nd, 2022 — Removed the community solar credit
The 25D tax credit can be applied to the "ownership model" of community solar, in which a consumer partially owns their community solar installation. However, this model is relatively less common than the "subscription model" of community solar, which is not eligible for the 25D tax credit. All community solar installations (no matter the model) are eligible for the supply-side 48C investment tax credit that was extended and increased to 30% in the Inflation Reduction Act.
August 18th, 2022 — Corrected start date for battery storage installation credit
Battery storage installation credit was mistakenly labeled as available now. It is not available until January 1st, 2023.
August 17th, 2022 — Added heat pump water heater tax credit
We added differentiated entries under the 25C tax credit for heat pumps for space heating and for water heating.