Solar Tax Credits: Turbocharged or Trumped?

Did you know the 30% solar tax credit that fueled the industry’s explosive growth was partly funded by a sneaky deal allowing fossil fuel exports—raising gas prices in the process? Or that the long-term stability of these credits helped solar leasing and PPAs thrive? But there’s a storm brewing. With a potential Trump administration set to revisit the 2017 tax cuts, IRA incentives might be the first casualties. Imagine an immediate 30% hike in solar costs or the loss of your $8,000 heat pump rebate. For perspective on these potential changes I’ve turned to the smartest person I know about solar tax credit policy: Rhone Resch. As the CEO of SEIA from 2004 to 2016, Rhone led the charge on the first three rounds of tax credits in 2005, 2008 and 2014. Please listen to this week’s Energy Show at www.energyshow.biz for Rhone’s insights into the future of the IRA incentives, differences between the Section 25 residential credits and Section 48 commercial credits, and advice if you’re on the fence about installing solar and storage (hint: to be safe, get your system installed before 12/31/2025).