GREENFIELD, MA (FRANKLIN COUNTY NOW) — Greenfield Mayor Ginny Desorgher is encouraging residents to take advantage of federal energy tax credit programs before they expire. Tax credit programs set to expire soon include the Electric Vehicle purchase credit of up to $7,500, the solar and geothermal credit, energy efficiency credits, and an Electric Vehicle charging equipment credit. All of the programs are set to expire between September 30th of this year and June 30th of 2026.
From the city of Greenfield:
City Urges Residents to Act on Expiring Federal Tax Credits for Clean
Energy & Home Improvements
GREENFIELD, MA—Mayor Ginny Desorgher’s office is strongly encouraging all Greenfield residents to take advantage of several valuable federal tax credits for clean energy and energy-efficient home improvements that are set to expire soon. These credits can save residents thousands of dollars on purchases and installations that also lower their utility bills and benefit the environment.
“These federal tax credits represent a fantastic opportunity for Greenfield residents to make smart financial and environmental choices,” said Mayor Desorgher. “Whether you’re looking to purchase an electric vehicle, install solar panels, or upgrade your home’s insulation, there is a significant financial incentive waiting for you. Don’t miss out on these savings that will not only put money back in your pocket but also help us build a more sustainable community.”
Key Expiring Tax Credits
Electric Vehicle (EV) Credits: The federal tax credit of up to $7,500 for new and used EVs expires on September 30, 2025. Residents who have been considering the switch to an electric vehicle should act quickly to find out if their preferred model qualifies for this credit.
Residential Clean Energy Credits: You can claim a credit for 30% of the total cost for installing solar panels, battery storage, and geothermal systems. This credit is available until December 31, 2025.
Energy Efficient Home Improvement Credits: Residents can save money on crucial home upgrades. You can claim up to $2,000 for a new heat pump and up to $1,200 for other energy-efficient upgrades, such as insulation. These credits are available until December 31, 2025.
EV Charging Equipment Credits: Those who install an EV charger at their residence can get a credit of up to $1,000. The deadline for this credit is June 30, 2026.
Visit rewiringamerica.org for more information and resources.
Carole Collins, Greenfield’s Energy & Sustainability Director added, “Although these Federal Tax Credits are ending, Massachusetts residents continue to have incentives available for energy upgrades for homes and businesses through MassSave (masssave.com) and rebates for eligible new and used electric vehicles through MOR-EV (MOR-EV .org). Eversource has confirmed a new discounted heat pump rate this winter that is expected to save households with heat pumps approximately $540.”
Residents are encouraged to consult with a tax professional to determine their eligibility and to learn more about how these tax credits can apply to their specific situation. For additional details and to find out more about which products qualify, visit the IRS website or speak with a local contractor.
