New legislation significantly curtails US climate-friendly tax credits. The Inflation Reduction Act's (IRA) incentives for electric vehicles (EVs), home energy improvements, and solar installations are expiring soon, impacting consumers' ability to afford green technologies. EV tax credits end September 30th, home improvement credits expire December 31st, and solar credits vanish at year's end. While state rebate programs remain, the federal tax credit elimination will increase costs and limit access for low-to-moderate-income households. Experts urge consumers to act quickly to benefit from remaining credits.

Prepared by Christopher Adams and reviewed by editorial team.