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Changes to valuable tax credits you may want to know!


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Want an Electric Vehicle? Act by September 2025


If you're considering purchasing an electric vehicle for your business or personal use, you should act quickly.


On July 4, the president signed the One Big Beautiful Bill Act that terminates the following three major electric vehicle tax credits, effective September 30, 2025:


  • Section 45W - Commercial Clean Vehicles Credit. Up to $7,500 for light electric vehicles and up to $40,000 for heavy-duty commercial vehicles.

  • Section 30D - New Clean Vehicle Credit. Up to $7,500 for qualifying new electric vehicles, with requirements for domestic sourcing of battery components and minerals.

  • Section 25E - Previously Owned Clean Vehicle Credit. Up to $4,000, or 30 percent of the purchase price, for eligible used electric vehicles.


Therefore, if you are looking to buy an electric vehicle and want to take advantage of the tax credit, you will need to do so before September 30th, 2025. 



2025 is your last chance to claim the solar tax credit


If you’re considering solar panels or other renewable energy upgrades, 2025 is your last chance to take full advantage of the 30 percent Residential Clean Energy Credit (RCEC).


 What is the residential clean energy credit?


This is a federal, non-refundable tax credit equal to 30 percent of the cost of qualified clean energy systems, including:


  • Solar electric panels

  • Solar water heaters

  • Geothermal heat pumps

  • Small wind energy systems


Although the RCEC is non-refundable, unused credits can carry forward to future tax years. Eligible properties include primary and secondary residences, as well as rentals occupied by the taxpayer. This means that landlords who do not reside in the property are not eligible.


 What has changed?


The RCEC expiration date is now December 31, 2025.  Therefore, to qualify for the credit, you must place your system in service by December 31, 2025.



2025 Is Your Last Chance for Home Energy Improvement Tax Credits


The current tax law allows homeowners to claim up to $3,200 in 2025 tax credits for energy-efficient home improvements, provided those improvements are placed in service on or before December 31, 2025.


 What’s Available?


 There are two key credits to be aware of.


1. Up to $1,200/year for energy improvements to your primary residence, including:


  • Exterior doors (up to $500 total)

  • Windows and skylights (up to $600)

  • Insulation and air sealing materials

  • Energy-efficient furnaces, boilers, water heaters, air conditioners, and electric panels


 2. Up to $2,000/year for advanced systems installed in either your main or second home:


  • Electric or natural gas heat pumps

  • Electric or natural gas heat pump water heaters

  • Biomass stoves and boilers


Additionally, a $150 credit is available for a certified home energy audit, which helps you identify the most cost-effective upgrades.


These are non-refundable annual credits, so they reduce your tax bill, but don’t result in a refund.  Improvements must meet specific energy-efficiency standards and be installed (not just purchased) by the deadline. However, you must subtract subsidies or rebates (such as those from utilities) from the cost basis used to calculate your credit.


If you’ve been considering upgrades such as insulation, new windows, or high-efficiency heating systems, 2025 is your last chance to take full advantage of these credits.


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