Want to claim solar tax credit? Get the installation now

This story is originally back Barrier It is part of Climate cooperation.

Over the past two decades, homeowners have been able to claim thousands of dollars in federal tax credits to help compensate for the high costs to go. Solar energy. Things were supposed to remain this way until 2034. However, this week, the US House of Representatives suggested suddenly ending incentives at the end of the year. If this idea escapes from the House of Representatives and passes the Senate, it can raise the calculus and economic integration account of operating your home with sunlight

“This will put solar energy out of millions of people,” said Glenn Brand, director of politics and advocacy at Solar United NeighBors, a non -profit organization that encourages. Technology adoption. “What the house did is the status of ordinary Americans in a really difficult place. They mainly say they will not help people with high energy costs.”

The first solar tax credits entered the country in 1978, but it was It is allowed to separate in 1985When President Ronald Reagan was in office. However, in 2005, another Republican – President George W. Bush – excited. The legislators extended the incentives and its interests Since then, recently with the Act of Inforcement Reduction 2022, or the Irish Republican Army, which determined the credit In 30 percent of the system cost until 2032Before getting rid of two years.

Average cost Solar power system In the United States at the present time, he is directly 28,000 dollars, according to Zoe Gaston, the lead analyst at the Solar Solar Energy Company in the power consultant Wood McKenzi. This means that tax credit will be about $ 8,500.

On Tuesday, the Committee of Roads and Means in the House of Representatives He issued the preliminary reconciliation proposal This would retract large areas of the Irish Republican Army, including support for solar energy. The so -called 25D tax credit is still applying to the systems that are installed this year, after which it will completely disappear.

Without tax credits, solar systems may be It is still a financial logic In places that get a lot of sun or have high electricity prices, or both, but the recovery period is likely to grow. For other people, mathematics may not work at all.

“We expect sales and installation to rise this year, followed by the market shrinking,” said Juston. “If the owner of the house is thinking about solar energy and can afford it, then that will be the time.”

25D credit is not the only relevant tax breakdown under threat. There is another, 48E balance, available for companies that install solar energy on homes where the resident creates equipment or enters the energy purchase agreement. This allows companies to reduce what customers receive. According to Gaston, more than half of the residential facilities now follow the third -party ownership model.

Instead of eliminating 48E, the house prefers restrictions on where the material comes in the photovoltaic panels. While experts are still sorting exactly what the proposed language means, it generally aims to prevent the participation of “worrying foreign entities” – including those in China, where the vast majority of solar components are made.