Lisa and the Law

Tax Credits for Clean Energy Home Upgrades and the Purchase of EVs sunset by the end of 2025

The One Big Beautiful Bill Act (“OBBBA”) was signed by the President on July 4, 2025. There are many changes to taxation and benefits that are incorporated into the OBBBA and their implementation is staggered throughout the next couple of years. Among the changes, there will no longer be credits for homeowners to add clean energy systems to their homes (like solar) as of December 31, 2025. Tax credits for the purchase of qualified commercial clean vehicles or qualified new electric vehicles (EVs) end September 30, 2025. You may want to make those purchases sooner rather than later to take advantage of the tax credits before they disappear. As with anything tax-related, verify your tax strategy with a qualified tax professional.