For homeowners, the Inflation Reduction Act of 2022 includes over $8 billion for home energy efficiency and home electrification projects. You can receive tax credits for new technology including home solar panels, battery storage, or electric vehicles. And you can get tax credits and incentives for replacing your clothes dryer, water heater and cooktop, or for swapping out your HVAC for a heat pump HVAC.
Big Beautiful Bill & Residential Tax Credits
Trump’s “One Big Beautiful Bill” passed in July 2025 modifies clean-energy incentives introduced under Biden’s Inflation Reduction Act. Here are new policies related to home solar, batteries, electrification and electric vehicles
- Residential Solar Tax Credit: Expires December 31, 2025
- EV Purchase Credit: Expires September 30, 2025
- Home Electrification Tax Credit: Expires December 31, 2025
Act quickly to take advantage of these tax incentives before they expire!
Here’s an easy reference chart for the changes:
Read More about Tax Credits for EV, Solar & Electrification – The Inflation Reduction Act of 2022