Federal tax incentives for solar panels, heat pumps, and electric vehicles are set to expire soon following the signing of the "One, Big Beautiful Bill" by President Trump. The home solar tax credits will no longer be available after December 31, creating urgency for homeowners to act. This policy shift impacts access to a 30% tax credit for installation costs, which aimed to make renewable energy more affordable. Homeowners are advised to secure contracts and complete installation before the deadline to take advantage of these incentives.
The country's first major climate policy under the Biden administration secured at least a decade of federal tax incentives for rooftop solar panels, solar water heaters, and geothermal heat pumps.
If you want to access them, then really you need to get going, says Ari Matusiak, CEO of the nonprofit Rewiring America, referring to the urgency of obtaining tax credits.
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