What energy-efficient home and EV tax credits are available?
Through 2025, several federal clean-energy credits can cut your tax bill, though timing matters because some are scheduled to wind down. The Energy Efficient Home Improvement Credit covers 30% of qualifying upgrades, up to $1,200 a year (plus up to $2,000 for heat pumps), for things like insulation, efficient windows, doors, and HVAC. The Residential Clean Energy Credit covers 30% of solar panels, solar water heating, and battery storage with no annual dollar cap. For vehicles, the Clean Vehicle Credit is up to $7,500 for qualifying new EVs and up to $4,000 for used ones, subject to income limits, price caps, and battery-sourcing rules; many buyers can apply it at the dealer as a point-of-sale discount. These credits change frequently, so confirm current eligibility and deadlines before you buy.