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.
It’s common knowledge that solar energy is good for the environment. But is it possible to maximize solar usage not just for the earth, but also for your wallet? As solar energy becomes increasingly affordable, the financial incentives that come along with installing solar panels are just as persuasive as the green incentives.