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Want to Claim the Solar Tax Credit? Get Installing Now
For anyone in the US who can afford to go solar, “now would be the time,” because House Republicans want to end federal tax credits that make it affordable.
On Tuesday, the House Ways and Means Committee released an initial budget reconciliation proposal that would roll back large swaths of the IRA, including support for residential solar. While experts are still sorting out exactly what the proposed language means, it generally aims to bar participation of “foreign entities of concern”—including those in China, where the vast majority of solar components are made. “It puts the obligation on the installer or the developer to trace back the supply chain in a way that’s completely impossible,” said Sean Gallagher, senior vice president of policy at the Solar Energy Industries Association, a trade group.
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