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kidenraikou t1_iscbe0o wrote

Reply to comment by JebusLives42 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

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.

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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.

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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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