US EditionWith federal tax credit ending, Maine’s solar installers plan end-of-year sprint
MAINE, UNITED STATES, JUL 10 – Maine solar installers face a surge to complete projects before the 30% federal tax credit ends, risking longer payback periods and potential job losses nationwide, experts warn.
- The Residential Clean Energy Credit, which offers around $8,500 for solar installations, will end on December 31, 2025, according to Lowell Ungar, Director of Federal Policy for the American Council for an Energy-Efficient Economy.
- Seventy-Five percent of survey participants from Aurora Solar believe solar panels are a good investment, highlighting the financial incentives for residential installations.
- Congress's recent bill sharply reduces incentives for climate-friendly purchases, impacting consumers' costs for energy-efficient improvements.
11 Articles
11 Articles
New survey shows 3 in 4 American homeowners view solar panels as a strong investment: '[A] smart financial move'
With utility bills on the rise, many Americans now believe solar is the way to go. A new survey from Aurora Solar showed that 75% of participants viewed solar panels as a good investment. Aurora stated that an increasing number of people are viewing solar as a "smart financial move." This is no surprise when you realize just how beneficial switching to solar can be. By making the switch, homeowners can finally lock in predictable energy costs, r…
Residential solar industry weighs impacts of tax credit loss, potential rate changes
Solar installers are staring down a potential one-two punch of changes that could drastically alter the math for residential customers who are considering whether to invest in panels. A federal tax credit that can help a homeowner offset thousands of dollars of the cost of buying solar panels is set to expire at the end of this year, thanks to the federal megabill dubbed the “One Big Beautiful Bill.” Separately, Virginia utility regulators are d…
Central Maine News
With federal tax credit ending, Maine’s solar installers plan end-of-year sprint
The companies expect demand to jump as residential customers attempt to purchase solar systems before a long-standing 30% residential clean energy credit expires Dec. 31.
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