EV, Solar Tax Credits Would End This Year Under House Republicans' Plan

This year would be the last for a 30% tax credit for home solar panels and a $7,500 credit for electric vehicles if a proposal introduced in the US House of Representatives this week passes. It's still early in what could be a lengthy and contentious process for the federal budget. The big issue is how President Donald Trump and Republican lawmakers will find enough spending cuts to continue the tax cuts first passed in 2017. Under language added to the budget proposal by the House Ways and Means Committee this week, several tax credits created or expanded in the 2022 Inflation Reduction Act that focus on clean energy would expire after this year. House leaders are eyeing a full vote on the bill by Memorial Day, after which it would head to the Senate. Can solar panels save you money? Interested in understanding the impact solar can have on your home? Enter some basic information below, and we’ll instantly provide a free estimate of your energy savings. Clean energy industry groups ... Read full article.