Extending Tax Credits for Clean Energy, EVs, and Home Efficiency.
This law restores and significantly extends key tax credits related to renewable energy, home improvements, and the purchase of electric vehicles (new and used). This means citizens can benefit from these financial incentives to lower the costs of installing solar panels, heat pumps, or buying EVs, generally until 2032 or 2034. The goal is to lower energy costs and accelerate the energy transition.
Key points
Tax credits for residential clean energy systems (like solar panels) are extended until the end of 2034, though the credit percentage will phase down after 2032.
Tax credits for purchasing new and used electric vehicles and building alternative fuel refueling stations are extended until the end of 2032.
Credits for energy-efficient home improvements and new energy-efficient homes are extended, helping homeowners lower utility bills.
Introduced
Citizen Poll