Alright, today we are jumping into,
ah, some solar tax credits, some changes,
recent changes. to solar tax credits, uhm,
how they were in the past, ah, kind of some of the,
the future fate of solar tax credits. But it might be top of mind
for a lot of people. Think of, like, right now we're in the middle
of the Iran war. Oil prices are shooting up,
uh, utility costs like electricity have been going up the last few years.
And, uh, and we got the AI data centers and we got water
here in Utah, Southern Utah. We got. We got some, uh,
issues with low water. We don't have a lot of snowpack and we've got,
like, the dam. Like Lake Mead, where a lot of the energy is run
by water, a lot of electricity is generated with water.
So, there are some, uh,
potential issues people are seeing with rising utility costs.
So. To help with that, or,
actually, I'll say to not help with that,
uhm, last year.
So, July 2025,
when they passed the One Big Beautiful Bill Act,
uh, they actually got rid of,
the Solar Tax Credits. And Solar Tax Credits expired July,
or, uh, December 31st, 2025. And they added,
like, an extra few months if you were already in the process of getting
solar installed. And, uh. Uhm,
but if it was installed, it's really like March of 2026 when the deadline
is to have it installed to qualify.
for the solar tax credits on your personal house.
So in the past, and it might come back at the end or here
in a couple of minutes, I'll tell you how this might be coming back
here soon, hopefully. But if you installed solar.
Say, on your personal residence,
you installed the $10,000 solar system on your house,
or or 30 or whatever it was, there's a 30% tax credit that you
could claim to offset your taxes and a lot of times creating
pretty big refunds for you because it offsets your taxes.
And you had withholding, but you could offset your taxes with 30% of the
cost of that credit. So you put it a $10,000 solar system on your
house, you get a $3,000 tax credit.
A $100,000 solar system. on your house,
you get a $30,000 tax credit.
But, like I just mentioned, that's going away.
If you're filing right now for 2025,
and you did solder last year, you can still claim that credit.
But if you're planning to sign in for the future,
and if there's salesmen talking to you about solar,
a lot of times they might not be tracking the taxes.
Tax law, exactly, some companies do actually really well,
but if they're promising you a 30% tax credit,
I wouldn't look at listen to them right now because it's,
it's not true, you're not, you can't get a personal tax credit for,
uh. uh, solar installed in your personal house. There is a workaround.
So there's two other things I'm going to talk about. So.
That first one is really just the change of the 2025 up
through 2025, that's it. That solar tax credit,
that's just gone now. And the fate is in the hands of the legislators.
And if they decide to bring it back or not, uhm,
but there is an opportunity for you. And I'm expecting.
More and more of these opportunities are going to be popping up.
There's going to be some companies that pop up.
I think they're still going to be. Installing solar,
like very rapidly, but the tax credits and the benefit to you is going
to change a little bit. So I'm going to talk about that,
like how there's still a benefit to do solar,
but it's different. And then potentially.
What they're doing in the future with the new tax bill that was just
introduced this week. Okay, so first off,
the opportunity for you to. Now, like right now,
you're a homeowner in the United States and you're like,
I'd like solar. I'd like to reduce the,
the cost of my power bill, but I, I'm curious if the government or
if there's any sort of subsidy. Or, or tax credit related to that.
And there is. So this is,
uhm. It's through a power,
what are they? The PPA. It's a power purchase agreement.
And this is where. You as the homeowner,
you don't get the tax credit, but there are companies, large companies,
that can get tax credits when they buy and install solar themselves.
So, as an example. Uhm,
there are some companies out right now, out there right now,
but I think a lot of these typical solar sales companies,
I think a lot of them are going to. turn into this, uhm,
but they'd come to you and they'd say, hey, we'd like to install solar
in your house. We own it, we maintain it,
uhm, but in exchange for that,
the power's going to go through us and we're going to lease the house.
The power's going go through and we're going to
lease We'll get the,
they'll get the tax credit. You don't get the tax credit at all.
The benefit to you. Is lower energy costs,
or lower utilities. So there,
there could be, there's some pros and cons to that.
Like, the cash flow out of pocket for consumers,
that's the good part for them. A big,
like, influx of cash because of a big tax credit,
that's not coming to the residences or the residents.
That's coming homeowners. That's coming to the larger corporations that are owning and maintaining
these, these solar, uhm,
these solar systems.
