$18 billion

in federal
clean
energy tax
credits

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wait, what?

A UC Berkeley and the National Bureau

of Economic Research (NBER) study
found that the federal government has
given out more than a total of $18 billion
dollars in clean energy related tax
credits since 2006.
What are clean energy
tax credits for?
instaling solar panels
purchasing an electric (EV), hybrid
(HEV), or plug-in hybrid (PHEV)
vehicle
increasing the energy efficiency of
a home
Haven't heard
about this
credit?
checkout out
this breakdown
 the breakdown

60%
went to top
income
earners

$18
billion
10%
went to the
lower 60% of
income earners
What do the
savings look
like?
 Solar Panel
Cost &
Savings
Upfront cost* Savings
* without tax credit applied

$13K - $20K $25K - $33K in a

installation ~20 year span
 Electric Vehicle
Cost & Savings
Total Savings:
$6K - $10K over the
car's lifetime

Fuel
Upfront Savings:
Cost*: $800 -
starts at $1,000/year
$26,595

Maintenance & Repairs

Savings:
$4.6K over the car's
* without tax credit applied
lifetime
Resources for
more info
Homeowner’s Guide to the Clean Energy for All
Solar Panel Tax Credit from Breakdown from
Energy.gov Whitehouse.gov
Sources:

The Distributional Effects of U.S.

Clean Energy Tax Credits (NBER)
EVs Offer Big Savings Over Traditional
Gas-Powered Cars (Consumer
Reports)
How Much Do Solar Panels Save The
Average Homeowner? (Forbes)