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With federal tax credit ending, Maine’s solar installers plan end-of-year sprint
MAINE, JUL 10 – Maine installers rush to complete solar projects before the 30% federal tax credit ends, which has helped homeowners save up to $8,500 on solar panel costs, experts say.
- 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.
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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+2 Reposted by 2 other sources
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.
·Maine, United States
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Total News Sources14
Leaning Left3Leaning Right0Center4Last UpdatedBias Distribution57% Center
Bias Distribution
- 57% of the sources are Center
57% Center
L 43%
C 57%
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