On October 3, 2008, President George W. Bush signed into law the Emergency Stabilization Act followed by President Barack Obama signing into law the American Recovery and Reinvestment Act of 2009 (ARRA) on February 17, 2009. On August 16, 2022, President Biden signed into law the Inflation Reduction Act of 2022 which includes clean energy tax credits.
The combined effect of these laws provides a 30% tax credit on both the purchase and installation of qualifying products in renewable technologies such as solar electric property, electric vehicles, solar panels, heat pumps and other energy-efficient home improvements.
Under these laws VELUX Solar Powered Fresh Air Skylights, and other eligible VELUX Skylights with Go Solar, as well as VELUX residential rigid Sun Tunnel® with the solar night light, and VELUX Solar Powered Shades qualify under “Solar Electric Property” expenditures when purchased and installed from January 1, 2009 through December 31, 2034.
What Do I Need To Do?
When the product is installed: Keep your receipts for total price paid (product and installation) for one of the qualifying VELUX products and attach them to a completed Federal Tax Credit - Manufacturers Certification Statement
and keep for your records.