With the anticipated passage of the "One Big Beautiful Bill of America" (OBBBA), NOCO is urging homeowners and business owners to take action before critical clean energy tax credits are eliminated. The legislation, expected to be signed into law by President Trump on July 4, would reverse or accelerate the expiration of incentives introduced under the Inflation Reduction Act (IRA) in 2022.

“Passage of the Big Beautiful Bill will redefine the economic landscape for clean energy nationally and in New York State,” said Michael Casciano, President and Chief Operating Officer, NOCO Energy. “We are going to be urging consumers and  businesses to act before these valuable tax credits disappear as projects delayed into 2026 or beyond will likely become financially unfeasible.”  

What’s Changing:

  • Residential Solar: The 30% tax credit will end December 31, 2025. To qualify, systems must be fully installed, connected to the grid, and approved by the utility by year-end. Homeowners could see project costs rise by an estimated $10,000 without this incentive.
  • Geothermal Systems: Geothermal systems will lose their 30% federal tax credit after December 31, 2025. To be eligible, systems must be fully installed and operational by the deadline. Delays could make projects significantly more expensive and less accessible for homeowners.
  • Commercial Solar: Projects must begin construction by the end of 2025 and be in service by December 31, 2027 to qualify for federal support.
  • EV Charging and Vehicles: The EV Charger Credit and key tax credits for electric vehicles will expire or be restricted starting January 1, 2026—especially for EVs using components from countries like China.
  • Battery Storage: The 30% tax credit for standalone and solar-paired storage systems will be phased out, dropping to 18% in 2026 and eliminated by 2028.

Impact on NYS Clean Energy Goals:

These changes could significantly hinder New York’s efforts to meet its Climate Leadership and Community Protection Act (CLCPA) goals of 70% renewable electricity by 2030 and 100% zero-emission electricity by 2040.

“These rollbacks will disrupt this transition by significantly raising clean energy project costs by 10–20%, slowing development timelines, increasing risk of grid shortfalls, and raising electricity prices up to 60% by 2035 model estimates,” said Casciano.

NOCO is accelerating timelines for residential and commercial solar projects and encourages customers to explore options before the incentives end.

Have questions about what this means for you? We’re here to help. Reach out to the NOCO team to talk through your project goals and secure your eligibility for clean energy incentives.