Tax Credits

What does the GOP tax reform mean for solar?

US House of Representatives

House Republicans recently introduced their latest 429-page tax reform bill, which proposes several changes related to renewable energy. The plan would increase taxes on wind, solar, biomass, geothermal, and hydropower in an effort to reap $12.3 billion in government revenue over the next 10 years.

Although the plan would cut the $7,500 federal tax credit for electric vehicle purchases, Republicans opted to extend tax credits for current residential energy efficiency programs to December 31, 2021.

What happens to rooftop solar when the tax credit expires?

If the solar tax credit expires, it could cost 100,000 Americans their jobs

This time next year, the last solar installations to receive the 30 percent investment tax credit will be going up.

The credit is scheduled to disappear entirely for rooftop solar and to shrink to 10 percent for utility-scale installations at the end of 2016. So, how will the tax credit’s disappearance really impact rooftop solar?