Solar companies see rush in demand after Big Beautiful Bill ends tax credits
ANAMOSA, Iowa (KCRG) — If you’re installing solar panels at your home and hoping to get a tax credit, time is running out- fast.
Federal incentives for were supposed to last until 2032. But President Trump’s Big Beautiful Bill gets rid of them for residential projects at end of this year. The credits meant homeowners could get up to 30% off the cost of installation or equipment.
ECG Solar, based in Anamosa, says losing that incentive means they have to plan for the future day-by-day. Jason Gidden founded ECG Solar nearly 20 years ago. He says this is usually a busy time of year for the Anamosa-based company. But the news that federal tax incentives for homeowners looking to go solar are ending December 31st has a long list of customers reaching out.
“We got some [customers] going all the way back in 2018-2019 that are they decided not to do it for whatever reason at the time, and now they’re saying, hey, can you dust that quota off and get that updated,” says Gideon.
He says a full residential project usually takes around 3 months, so Iowa weather really means that December 31st deadline is even closer for many projects.
Gideon says to guarantee a project qualifies for the tax credits, they have to have a contract signed y September 15th, and an application to the utility company in by October 1st.
He says there is some concern that after the rush, business will be slow. “We have manufacturers and distributors reach out to us and ask us what we feel like our capacity is going to be in 26, but I just, I just really laughed because like my crystal ball is fuzzy and anyone that is going to sit here and claim that they know exactly what sales are going to be in 26 is I think really just kind of fooling themselves,” says Gideon.
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