Tax Credits for EVs and Solar Panels Would End 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 to cut to continue the tax cuts first passed in 2017. Several tax credits created or expanded in the 2022 Inflation Reduction Act that focus on clean energy are on the chopping block in draft amendments to be considered Tuesday by the House Ways and Means Committee. 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 and others are already gearing up to fight the proposal, and some Congressional Republicans have previously expressed ... Read full article.