2024 New Program Available
How Can The Inflation Reduction Act Can Benefit You
Infinity Solar's Partnership with RETE
At Infinity Solar, we’re committed to not only providing top-tier solar solutions but also ensuring that our customers maximize their benefits from renewable energy investments.
That’s why we’ve partnered with RETE (Renewable Energy Tax Experts), a premier consulting firm specializing in tax planning services for both commercial and residential solar customers.
RETE specializes in providing comprehensive consulting and tax planning services tailored specifically for solar customers. Their flagship offering, the RETE consultation packet, is designed to ensure that every purchaser of solar panels receives all eligible federal tax benefits.
RETE boasts a team of industry-leading tax consultants, including Enrolled Agents (EAs), Certified Public Accountants (CPAs), and Tax Lawyers, all specializing in renewable energy taxation. With their wealth of expertise and experience, RETE is well-equipped to guide customers through the complexities of solar tax incentives and regulations.
Income Tax Credit Rebates, Explained
BONUS
BONUS
BONUS
BONUS UP TO
Residential Sample Project
- Project Details: Roof Mounted with Rails 10KW PV Solar System
- Project Total Cost: $48,000
- ITC Credit Percentage: 50%
- Total ITC Tax Credit: $24,000
- Federal MARCS: $12,600
- CA State MARCS: $4,464
- Total Tax Credits: $41,064
Out of Pocket Cost: $6,936
Tax Incentives Covered: 85.55% of Project Costs
Based on Federal Tax Income Bracket of 32% & State Income Tax of 9.3%
QUALIFYING PROPERTIES ARE ELIGIBLE FOR TAX INCENTIVES AND REBATES EXCEEDING 100% OF TOTAL PROJECT COSTS
How it Works
Infinity Solar is proud to announce our partnership with RETE, ensuring
you receive optimal deals and expert advice directly from industry professionals.
Preliminary Consultation
In your initial meeting, you'll sit down with a certified CPA from RETE who specializes in the intricate regulations of the Inflation Reduction Act. They'll guide you through gathering all necessary documents and information, enabling you to maximize your eligibility for the highest possible tax credits.
Tax Form Preparation
Our specialists will complete all necessary paperwork tailored to your individual tax circumstances, delivering a seamless start-to-finish service for your convenience.
Tax Review Consultation
During the second consultation, you'll be joined by your dedicated tax professional to ensure meticulous attention to detail, ensuring all aspects are thoroughly reviewed and aligned for a smooth filing process when tax time arrives.
Audit Defense
As part of our comprehensive services, we provide audit support for added peace of mind.
What is Your Tax Bracket?
Federal Income Taxes
| Tax Rate | Single | Married filing Jointly | Married filing Separately | Head of Household |
|---|---|---|---|---|
| 10% | $0 – $11,000 | $0 – $22,000 | $0 – $11,000 | $0 – $15,700 |
| 12% | $11,001 – $44,725 | $22,001 – $89,450 | $11,001 – $44,725 | $15,701 – $59,850 |
| 22% | $44,726 – $95,375 | $89,451 – $190,750 | $44,726 – $95,375 | $59,851 – $95,350 |
| 24% | $95,376 – $182,100 | $190,751 – $364,200 | $95,376 – $182,100 | $95,351 – $182,100 |
| 32% | $182,101 – $231,250 | $364,201 – $462,500 | $182,101 – $231,250 | $182,101 – $231,250 |
| 35% | $231,251 – $346,875 | $462,501 – $693,750 | $231,251 – $346,875 | $231,251 – $578,100 |
| 37% | $346,876 + | $693,751 + | $346,876 + | $578,101 + |
California State Income Taxes
| Tax Rate | Single/Married filing Separately |
|---|---|
| 1% | $0 – $10,412 |
| 2% | $10,413 – $24,684 |
| 4% | $24,685 – $36,959 |
| 6% | $38,960 – $54,081 |
| 8% | $54,082 – $68,350 |
| 9.3% | $68,351 – $349,137 |
| 10.3% | $349,138 – $418,961 |
| 11.3% | $418,962 – $698,271 |
| 12.3% | $698,272 – $999,999 |
| 13.3% | $1,000,000 + |
| Tax Rate | Married filing Jointly |
|---|---|
| 1% | $0 – $20,198 |
| 2% | $20,199 – $47,884 |
| 4% | $47,885 – $75,576 |
| 6% | $75,577 – $104,910 |
| 8% | $104,911 to $132,590 |
| 9.3% | $132,591 to $677,278. |
| 10.3% | $677,279 – $812,728 |
| 11.3% | $812,729 – $1,354,550 |
| 12.3% | $1,354,551 + |
| 13.3% | Mental Health Services Act |
| Tax Rate | Head of Household |
|---|---|
| 1% | $0 – $20,212 |
| 2% | $20,213 – $47,887 |
| 4% | $47,888 – $61,730 |
| 6% | $61,731 – $76,397 |
| 8% | $76,398 – $90,240 |
| 9.3% | $90,241 – $460,547 |
| 10.3% | $460,548 – $552,658 |
| 11.3% | $552,659 – $921,095 |
| 12.3% | $921,096 + |
| 13.3% | Mental Health Services Act |