JebusLives42 t1_iscahsg wrote
Reply to comment by kidenraikou in FREE ELECTRICITY! Credit Suisse analysis says Inflation Reduction Act will produce solar modules for two pennies a watt in Ohio, while federal tax credits will cover 50% of project costs. by manual_tranny
>But they are giving us that money back, come tax season.
No, they're not. They money they spent on solar panels will not be refunded to you.
It's possible they'll print other dollars, and give those to you.. but that also has some interesting consequences.
kidenraikou t1_iscbe0o wrote
Yes it will. It's literally a tax credit. You pay less in taxes at the end of the year, thus receiving a larger tax refund.
JebusLives42 t1_iscd93t wrote
I think you missed my meaning.
You're going to pay a dollar in taxes.
They're going to spend that dollar on solar panels.
Then they're going to give you the dollar back.. but how? They've already spent it.
kidenraikou t1_iscgznf wrote
Yes. On the solar panels that now power your home. That's them giving it back to you. I'm not sure what the problem is in this situation.
Edit: Genuinely, I think I am confused about your point.
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