For anyone in the US who can afford to go solar, “now would be the time,” because House Republicans want to end federal tax credits that make it affordable.

"There's also people who are just not sure what's going to happen." Experts urge homeowners to quickly go solar after Congress threatens to eliminate massive incentives: 'The clock is now ticking' first appeared on The Cool Down.

The new administration wants to limit or roll back tax credits for home energy equipment -- which could cost you money and change your plans.

The bill sunsets renewable energy credits, as expected, but includes more stringent provisions and rollback dates that were seen as especially bleak for rooftop solar.

The GOP bill is a "worse than feared" scenario for clean energy, as it takes a "sledgehammer" to the Inflation Reduction Act, Jefferies analysts led by Julien Dumoulin-Smith told clients in a note.

The future of the $20 billion U.S. residential solar industry now depends on Senate Republicans after the House of Representatives passed a bill that could

Shares of solar stocks, including rooftop solar provider Sunrun (NASDAQ: RUN), renewables-focused utility NextEra Energy (NYSE: NEE), and renewable power provider AES Corp. (NYSE: AES), plunged on Thursday,

The bill extends tax credit benefits and transferability for nuclear energy projects, including restarts and upgrades, while eliminating similar perks for solar, wind, and storage.

To get savings like this user's, people in the U.S. are subject to tax credits to help them save on the upfront cost of renewable energy. Solar panels, for example, can be installed at a lower rate thanks to the Inflation Reduction Act ( IRA ). The resource, EnergySage, provides you with free solar estimates and helps you compare quotes.

Subsidies for clean power would end years earlier in a giant tax and spending bill narrowly passed by the Republican-led House early Thursday, driving down shares of solar companies.