The new administration wants to limit or roll back tax credits for home energy equipment -- which could cost you money and change your plans.

For anyone who can afford to go solar, "now would be the time" because House Republicans want to end federal tax credits that make it affordable.

Solar stocks took a hit after the House passed a tax-and-spending bill that included a provision to gut key tax incentives years earlier than expected.

The bill extends tax credit benefits and transferability for nuclear energy projects, including restarts and upgrades, while eliminating similar perks for solar, wind, and storage.

This year would be the last for a 30% tax credit for home solar panels and a $7,500 credit for electric vehicles if a proposal introduced in the US House of Representatives this week passes. It's still early in what could be a lengthy and contentious process for the federal budget.

Shares of solar stocks, including rooftop solar provider Sunrun (NASDAQ: RUN), renewables-focused utility NextEra Energy (NYSE: NEE), and renewable power provider AES Corp. (NYSE: AES), plunged on Thursday,

Subsidies for clean power would end years earlier in a giant tax and spending bill narrowly passed by the Republican-led House early Thursday, driving down shares of solar companies.

To get savings like this user's, people in the U.S. are subject to tax credits to help them save on the upfront cost of renewable energy. Solar panels, for example, can be installed at a lower rate thanks to the Inflation Reduction Act ( IRA ). The resource, EnergySage, provides you with free solar estimates and helps you compare quotes.

For the last two decades, homeowners have been able to claim thousands of dollars in federal tax credits to help offset the high upfront costs of going solar. Things were supposed to stay that way ...

House Republicans are proposing to gut energy savings and clean energy tax credits in President Donald Trump’s “big, beautiful” tax bill — money that is creating thousands of jobs in GOP states.