The current administration continues to support and expand solar incentives in 2025 with several key developments:
- The federal Residential Clean Energy Credit (formerly known as the solar tax credit) remains in place, allowing homeowners and businesses to claim a 30% tax credit on the cost of solar systems. This incentive is confirmed for 2025 with funding already approved by Congress, making it a highly valuable benefit for solar adopters this year.
- The U.S. Department of the Treasury released final rules on the 48E Clean Electricity Investment Credit, which broadens the credit’s eligibility beyond just solar and wind to include other zero-emission technologies such as hydropower and geothermal. This expansion diversifies the range of projects that can receive financial support under the clean energy tax credit framework.
- Additionally, the Treasury finalized rules for the Inflation Reduction Act (IRA) low-income bonus credit program, expanding eligibility to more technologies and increasing participation criteria with a focus on affordable housing projects. This is aimed at boosting solar adoption in underserved communities, reflecting the administration’s commitment to equitable access to clean energy.
- Moreover, $7 billion in previously frozen funds for low-income solar programs were unfrozen as of March 2025, enabling those programs to resume and provide free or subsidized solar panels to qualifying low-income families.
In summary, the current administration is actively proposing and implementing new solar incentives in 2025, emphasizing the continuation of the 30% federal solar tax credit, expanding clean energy tax credits to diverse technologies, and enhancing support for low-income and affordable housing solar programs. These measures signal a strong commitment to growing solar adoption across economic segments and technologies.
Original article by NenPower, If reposted, please credit the source: https://nenpower.com/blog/are-there-any-new-solar-incentives-being-proposed-by-the-current-administration/
