Clean energy credits are set to expire. Find out how much you can claim before they end.

The deadline for taking advantage of clean energy credits is quickly approaching. After three years, the tax credits designed to make electric vehicles and clean energy technologies more affordable are coming to an end. This is due to the passage of President Trump’s budget package, known as the One Big Beautiful Bill Act, by Congress in July.

Under the new budget law, the timeline for various clean energy subsidies has been accelerated. For example, the Residential Clean Energy Credit, which previously offered a 30% tax credit for installing rooftop solar and other clean energy systems until 2032, now requires installations to be completed by December 31, 2025.

Despite these changes, there are still tax credits available under the Inflation Reduction Act (IRA). Here are some of the remaining credits along with their new deadlines for eligibility:

– New electric vehicle: Up to $7,500 for qualifying vehicles purchased before September 30, 2025
– Used electric vehicle: Up to $4,000 for qualifying vehicles purchased before September 30, 2025
– Heat pump for A/C, heater, or water heater: Up to $2,000 for installations before December 31, 2025
– Weatherization/insulation for your home: Up to $1,200 for installations made before December 31, 2025
– Electrical panel: Up to $600 for installations before December 31, 2025
– Home energy audit: Up to $150 before December 31, 2025
– Rooftop Solar: 30% of qualifying costs for purchases made before December 31, 2025
– Battery storage: 30% of qualifying costs for purchases made before December 31, 2025
– Geothermal heating: 30% of qualifying costs for purchases made before December 31, 2025
– Electric vehicle charger: Up to $1,000 for chargers placed in service before June 30, 2026

It’s important to note that there are limits to the total amount of credits that can be claimed. For example, the Energy Efficient Home Improvement Credit caps homeowner tax credits on clean energy upgrades at $3,200 per year. Additionally, there are individual item caps, such as $250 for exterior doors and $500 for multiple doors installed.

In conclusion, while the window for clean energy credits is closing, there are still opportunities to benefit from these tax incentives before the deadlines. Make sure to take advantage of these credits while they are still available.