Have you been thinking of buying an EV (electric vehicle), making your property more energy-efficient, or upgrading to clean electric energy? If so, don’t wait! Federal tax credits that make such investments more affordable will expire soon, thanks to the Trump administration’s anti-environment policies.
You have only until this Sept. 30 to get a $7,500 tax credit toward the purchase of a new EV or $4,000 toward a used one, or until Dec. 30 for tax credits to offset the cost of getting a building energy audit, weatherizing your home or commercial property, or installing solar panels, heat pump HVAC, and more. A home EV charger must be in service by June 30, 2026, to earn a tax credit. (Details at https://www.canarymedia.com/articles/clean-energy/tax-credit-changes-trump-law.)
Meanwhile, don’t overlook the village of Oak Park’s Energy Grant program, which could give you up to $10,000 for energy efficiency investments in your home or residential property. Spread the word!
Wendy Greenhouse
Oak Park