A new presidential administration has some speculating that federal energy-efficient tax benefits, including federal solar panel and electric vehicle (EV) tax credits, may be goin
Potential rooftop solar customers and installers worry the incoming Trump administration might try to eliminate a 30% federal tax credit. Some customers plan to install sooner because of that. And solar companies are changing their business plans.
In fact, solar power has become so popular and cheap, analysts and industry officials say its rise can likely survive President-elect Donald Trump’s pledge to dismantle clean power subsidies and related policies.
A lucrative tax credit for renewable energy could be hard to kill because it applies to a technologies favored by Republicans, not just wind and solar.
A new presidential administration has some speculating that federal energy-efficient tax benefits, including federal solar panel and electric vehicle (EV) tax credits, may be going away. The Biden administration expanded and extended the solar federal tax credit under the Inflation Reduction Act (IRA).
Outgoing president set to release new guidance extending PTC/ITC benefits to geothermal, hydropower, and nuclear