Get your home energy projects in before tax credits expire
By Marie Caspard
Have you been considering getting an EV or adding a home charger? Perhaps adding solar to your roof? Upgrading your electrical panel to 200 amps? Insulating your attic? It’s time to get your home energy projects in before federal tax credits expire.
These residential clean energy and energy efficiency projects, among others, are currently eligible for federal tax credits. These credits, specifically the Residential Clean Energy Credit and Energy Efficiency Home Improvement Credit, offer homeowners thousands of dollars of savings on project costs, and these projects themselves can translate to long term energy savings.
These two energy credits were established by the Inflation Reduction Act in 2022. This spring, the “One Big Beautiful Bill Act” included provisions to eliminate these credits as early as September 30th, 2025, with most phasing out by December 31st, 2025. To receive the credit next time you file your taxes, you must complete your projects before the tax credit expiration dates.
If you are considering home improvements, do your research. Get a few quotes and make sure the tax credit deadline doesn’t slip away from you! Please note that other incentives other than federal tax credits may exist. Check out resources provided by Efficiency Maine or your municipality for other incentives and information.
Portland Climate Action Team (PCAT)
Bright Ideas is brought to you by PCAT, which meets on the fourth Tuesday of the month, 6 to 7:30 pm. All are welcome! FMI: Email Portlandclimateaction@gmail.com or visit https://facebook.com/PortlandClimateActionTeam.897
