The proposal would mean an early expiration date for several energy-related federal tax incentives. The major 30% tax credit for rooftop solar panels could end this year under a proposal in Congress. Mario Tama/Getty Images This year would be the last for a 30% tax credit for home solar panels and a $7,500 credit for electric vehicles if a proposal introduced in the US House of Representatives this week passes. It's still early in what could be a lengthy and contentious process for the federal budget. The big issue is how President Donald Trump and Republican lawmakers will find enough spending to cut to continue the tax cuts first passed in 2017. Under language added to the budget proposal by the House Ways and Means Committee this week, several tax credits created or expanded in the 2022 Inflation Reduction Act that focus on clean energy would expire after this year. House leaders are eyeing a full vote on the bill by Memorial Day, after which it would head to the Senate. Can solar panels save you money? Interested in understanding the impact solar can have on your home? Enter some basic information below, and we’ll instantly provide a free estimate of your energy savings. Clean energy industry groups and others are already gearing up to fight the proposal, and some Congressional Republicans have previously expressed a desire not to terminate the tax credits. What energy and electric vehicle credits would change The proposal would essentially nix tax credits for home energy and electric vehicles in the IRA. According to the plan, the residential clean energy credit, which provides a 30% tax credit for home solar panels, batteries, geothermal heat pumps and more, would expire at the end of 2025. The credit is currently set to expire at the end of 2034. The tax credit for rooftop solar panels has existed, in some form or another, since 2005. The clean vehicle credit, which provides up to $7,500 for new electric vehicles, would also expire at the end of the year, instead of 2032. An exception would allow buyers to claim the credit during 2026 on vehicles that haven't sold 200,000 units as of the end of 2025. Considering Solar Panels?