07/13/2025
Big Beautiful Bill Tax Act
Elimination of Green Energy Credits
The Electric Vehicle Credit for new and used electric vehicles will expire after September 30, 2025. Those who purchase a new EV, may be eligible for a tax credit up to $7,500 and up to $4,000 for used EVs.
Residential Energy Credit sunsets at the end of 2025. This includes credits for the installation of home EV charging stations, as well as insulation and energy-efficient heating and cooling systems.
Act now if you plan on purchasing any of these items in the near future.