Dear Friends,
Most of you know about the rollbacks of climate-related programs, research, and incentives by the Trump administration. It is a huge step back for our country, but there is still time to take advantage of these programs before they go away. So if you’ve been thinking about going solar, buying an electric vehicle, or upgrading your home with cleaner, more affordable energy, now is the time to act. You can save thousands of dollars up front, while also lowering your monthly energy bills for years to come.
Here are just three major tax credits that are good through the end of the year:
• EV Credits: Find out which new and used EVs still qualify for federal tax credits of up to $7,500 until September 30, 2025.
• Residential Clean Energy Credits: Claim 30% of the total cost of solar panels, battery storage, and geothermal systems if you buy by December 31, 2025.
• Energy Efficient Home Upgrade Credits: Make home energy upgrades, like insulation, windows, or efficient electric appliances, by December 31, 2025 to claim the credit.
See below for the full list of tax credits and when they expire.
For cities, towns, school districts, nonprofits, and other non-taxable entities: The federal government has opened a new pathway called elective pay (sometimes called “direct pay”), which allows you to receive the full value of certain clean energy tax credits as a cash payment. Click here for more information about elective pay.
Despite these big steps backward, let’s all do what we can to make progress toward a cleaner, more affordable future together.
All the best -
Julie
