In 2025, the major solar incentive in the United States remains the 30% Solar Investment Tax Credit (ITC), which was extended under the Inflation Reduction Act of 2022. This credit continues to offer homeowners and businesses significant savings on solar installations by allowing them to claim 30% of their solar system costs as a tax credit. It is set to remain at 30% until 2032 and will then phase down.
As of early 2025, there are no new federal solar incentives specifically introduced for the year. However, state and local incentives continue to evolve. For example, Illinois offers the Illinois Adjustable Block Program (Illinois Shines), which allows homeowners to sell Solar Renewable Energy Credits (SRECs) to reduce the cost of solar systems. Additionally, rebates like the Smart Inverter rebate and energy storage system rebates are available in Illinois, further enhancing the affordability of solar energy.
Despite ongoing policy discussions, including potential legislative changes and executive actions, the existing federal solar tax credit remains in effect for 2025. Therefore, signing a contract for a solar installation in 2025 is advisable to secure the current incentives.
Original article by NenPower, If reposted, please credit the source: https://nenpower.com/blog/are-there-any-new-solar-incentives-introduced-in-2025/
