US Consumers Rush to Take Advantage of Last-Minute Tax Credits for Renewable Energy Installations and Electric Vehicles
A growing number of US consumers are scrambling to claim tax credits for rooftop solar installations, electric vehicles, energy-efficient appliances, and more before the end of the year. The federal government slashed clean energy out of the tax code last month, leaving many homeowners with a limited window to reap the benefits.
According to estimates from EnergySage, an online marketplace connecting customers to solar installers, the average customer can save $9,000 on rooftop solar costs alone. However, consumers must act quickly, as installations cannot be completed overnight and tax credits expire by December 31, 2025.
Colorado’s state public utilities commission has launched a website providing information on all state and federal consumer rebates for clean energy. The site received 1,400 visitors in its first few days, with commission director Rebecca White urging residents to take advantage of available incentives before the end of the year.
Tax credits expire soonest for electric vehicles, which require consumers to buy a vehicle by September 30 to receive $7,500 off a new EV or $4,000 off a qualifying used EV. Colorado has seen significant demand for these tax credits, with about 60,000 vehicles sold annually.
Homeowners can claim the Residential Clean Energy Credit up to December 31, 2025, which covers 30% of clean energy costs, including rooftop solar, batteries, and heat pumps. To qualify, homeowners must complete installations by the end of the year.
The Energy Efficient Home Improvement Credit also expires on December 31, 2025, providing up to $3,200 annually for energy-efficient appliances and insulation upgrades. Homeowners can use this credit to pay for an energy audit to identify areas of inefficiency in their homes.
For low-income consumers in census-designated communities, the Home EV Chargers Credit is available until June 30, 2026, paying for 30% of home EV charger costs up to $1,000.
Source: https://edition.cnn.com/2025/08/14/climate/clean-energy-tax-credits-savings