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Take advantage of these 2 clean-energy tax credits before they expire
Yahoo Finance· 2025-09-06 15:32
Electric Vehicle Tax Credit - The electric vehicle tax credit of $7,500 is expiring on September 30th [2] - Consumers can still get the tax credit if they sign a contract and pay a deposit before the deadline, even if delivery takes place later [3] - Recommended EVs include Chevy Equinox EV (under $35,000), Tesla Model Y, and BMW iX (around $90,000) [5][6] Energy Efficient Home Upgrades Tax Breaks - Tax credits for solar panels and heat pumps are expiring at the end of the year, December 31st [8] - The solar panel tax credit covers 30% of the installation cost, which can be a saving of several thousand dollars on an average $20,000 installation [9] - Energy efficiency upgrades also cover 30% of the cost, up to $2,000 for heat pump installation, up to $1,200 for weatherization, up to $600 for electrical panels and exterior windows, and up to $150 for an energy efficiency audit [12]