At the end of September, the first federal clean energy tax credit, which applies to the purchase of an electric vehicle, will be phased out. That’s thanks to the One Big Beautiful Bill Act, passed by Congress earlier this summer.
The act will, among other things, prematurely end longstanding federal home energy tax credits that have been instrumental in helping Americans lower their energy bills—and go green in the process.
“What that bill did was phase out a handful of tax credits that for years have helped families and households across the country afford home upgrades or vehicle upgrades that have reduced their energy bills, and made their homes more efficient and safer by allowing them to basically transition to newer and more modern appliances,” says Zach Pierce, head of policy a