A new bill in Congress is threatening to prematurely cut the 30% Federal Solar Investment Tax Credit (ITC). This credit has made solar affordable for millions of American families. If the bill passes, you could lose the right to claim this financial benefit, and it might even be gone by the end of this year. It’s not just a policy change. It’s a financial blow if you are looking to reduce your energy costs and invest in a more sustainable future.
Power House Home Energy has helped more than 2,000 Long Island Families take control of their energy costs. This new bill is a serious threat to homeowners throughout Long Island. It’s crucial to understand what it means, and what you can do.
A New Proposal in Congress is a Threat to Your Solar Savings
Deep within a new proposal nicknamed the “Big Beautiful Bill,” there is a provision to remove the Federal Solar Investment Tax Credit at the end of 2025 It’s a sharp reversal of the current law, which extends the 30% Solar Tax Credit to December 31, 2032.
The government has also budgeted for a 26% credit in 2033, and a 22% credit in 2034.
The Federal Solar Tax Credit is a dollar-for-dollar reduction on the income taxes you owe, calculated as a percentage of your total solar project cost.
If the “Big Beautiful Bill” passes, you will lose access to this crucial federal tax saving.
What Does Losing the 30% Solar Tax Credit Mean for Your Wallet?
The financial implications of the “Big Beautiful Bill” are significant. The 30% Federal Solar ITC could save you between $6,000 and $12,000 on a home solar panel installation on Long Island.
- You Will Face Increased Costs: Without the Solar Tax Credit, the upfront cost of going solar will dramatically rise.
- Solar Will Be Less Affordable: The 30% credit has been essential for making solar possible throughout Long Island and the rest of America.
- You Will Lose a Historic Opportunity: An investment in solar generates thousands of dollars in savings over time. If you don’t act before the bill potentially passes, you might miss the chance to enjoy the benefits of a solar home.
There’s a strong possibility that the “Big Beautiful Bill” will pass with its provisions intact. Acting now to secure your solar installation and 30% Federal Tax Credit will ensure you enjoy the financial and practical benefits of switching to solar.
How Will the Big Beautiful Bill Affect the Wider Solar Industry?
Proposed changes will affect you directly if the bill is passed, and there will be a ripple effect on the solar industry and wider economy. Solar is a major driver of economic growth, and it employs over 250,000 Americans. Tradespeople ranging from solar installers to roofing professionals and electricians will feel the impact.
- Solar projects will decrease.
- Jobs in the solar and adjacent industries will be lost.
- Growth will stall in one of the fastest-growing sectors of the U.S. economy.
The bill will also affect progress toward a clean energy future. The Federal Solar Tax Credit has reduced the cost of solar by over 70% since its introduction. A higher cost of solar is a barrier to entry and could jeopardize family finances as well as the nation’s wider effort in combating climate change.
Act Before the End of the Year to Secure Your Solar Savings
Now is the time to act if you are considering a move to solar energy. You could lose the 30% Federal Tax Credit by the end of 2025. Take advantage of solar incentives while they still exist.
How to Secure Your 30% Solar Tax Credit in 2025
You can lock in your solar installation and Federal Tax Credit.
- Schedule a Free Home Solar Consultation: Power House Home Energy offers personalized and precise savings estimates, based on your PSEG bills. Consultations are free and there is no obligation to proceed.
- Contact Your Local Representatives: Urge your representatives to honor the original, legislated timeline for the Federal Solar Tax Credit.
- Share This Information: Tell your friends and family about what’s happening, especially if they are considering solar.
Power House Home Energy will help you to navigate the solar process. We offer pressure-free consultations and no-money-down financing options to make your transition to solar as smooth as possible.
Contact Power House Home Energy today at (516) 205-5434 or request a free quote online. Lock in your solar savings before it’s too late.
