Overview
H.R. 1 (also known as the One Big Beautiful Bill Act), enacted on July 4, 2025, revised dates and provisions in the Internal Revenue Code that affect the tax credits described below. The information provided on this page is subject to change. Tax credits are managed by the U.S. Internal Revenue Service (IRS). For additional information, please visit the IRS webpage.
View information on opportunities below, organized by recipient and tax credit. Opportunities include energy efficiency and electric appliance upgrades, renewable energy development, electric vehicle purchase and charging incentives, as well as various manufacturing, clean energy development and production credits.
Building Energy Efficiency
- Eligible recipients: Residential (Homeowners, renters, single-family, multi-family, manufactured homes)
- Credit: 30% of project cost up to maximum annual limits.
- Categorical Annual Limit: Up to $1,200 for envelope improvements (windows, doors, skylights, insulation, electrical) and furnaces, boilers, and central air conditioners.
- Categorical Annual Limit: Up to $2,000 for heat pumps, heat pump water heaters, and biomass stoves/boilers.
- Total Annual Limit: $3,200
- Effective date of tax credit 25C modified by H.R. 1.
- The tax credit does not apply to expenditures or property placed in service after December 31, 2025.
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- Eligible recipients: Residential developers (single-family, multi-family) – New construction only
- Tax credit for newly built single family and multifamily homes.
- Credit dependent on home efficiency rating and prevailing wage incentive.
- Effective date of tax credit 45L modified by H.R. 1.
- Tax credit applies to qualified new energy efficient homes acquired after December 31, 2022, and before July 1, 2026.
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Eligible recipients: For-profit business, tax-exempt entities
- Tax exempt entities include charities, churches, private schools and universities, foundations, nonprofits, governments, and more.
- Energy efficiency improvements for commercial buildings
- Tax deduction for newly constructed buildings along with improvements to existing buildings that meet or exceed certain energy reduction requirements.
- Effective date of tax credit 179D modified by H.R.1.
- The deduction will not apply with respect to any property the construction of which begins after June 30, 2026.
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Clean Vehicles, Charging Infrastructure, and Alternative Fuels
- Eligible recipients: Credit is available to individuals and their businesses.
- Effective date of tax credit 30D modified by H.R. 1.
- The vehicle must be acquired on or before September 30,2025, to be eligible for credit.
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- Eligible recipients: Individuals (not business eligible).
- Effective date of tax credit 25E modified by H.R. 1.
- The vehicle must be acquired on or before September 30, 2025, to be eligible for credit.
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- Eligible recipients: For-profit businesses, tax-exempt entities
- Effective date of tax credit 45W modified by H.R. 1.
- The vehicle must be acquired on or before September 30,2025, to be eligible for credit.
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- Eligible recipients: Residential, for-profit businesses, tax-exempt entities
- Credit for electric vehicle charging and alternative fueling infrastructure.
- Effective date of tax credit 30C modified by H.R. 1.
- The credit will not be allowed for any property placed in service after June 30, 2026.
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- Sellers of new clean vehicles and dealers who sell used clean vehicles must meet reporting requirements for those vehicles to be eligible for a credit under IRC 30D and 25E.
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Renewable Energy
- Eligible recipients: Residential (Homeowners, single-family, multi-family, manufactured homes)
- Credits for residential investments in renewable energy and energy property.
- Effective date of tax credit 25D modified by H.R. 1.
- The credit will not be allowed for any expenditures made after December 31, 2025.
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- Low interest financing at: DEQ Alternative Energy Loan Program
Manufacturing, Power Generation, and Fuel Production
- Eligible recipients: For-profit businesses, tax-exempt entities
- Section 48C tax credit modified by H.R.1.
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- Eligible recipients: For-profit businesses, tax-exempt entities
- Section 45X tax credit modified by H.R.1.
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- Eligible recipients: For-profit businesses
- Section 48D tax credit modified by H.R.1.
- Credit for investments in semiconductor manufacturing facilities and equipment
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- Eligible recipients: For-profit businesses, tax-exempt entities
- Section 45Z tax credit modified by H.R.1.
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- Eligible recipients: For-profit businesses, tax-exempt entities
- 45V tax credit modified by H.R.1.
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- Eligible recipients: For-profit businesses, tax-exempt entities
- Section 45U tax credit modified by H.R.1.
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- Eligible recipients: For-profit businesses, tax-exempt entities
- Section 45Q tax credit modified by H.R.1.
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- Eligible recipients: For-profit businesses
- Section 40A tax credit modified by H.R.1.
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- Eligible recipients: For-profit businesses
- Extends existing tax credit through December 31, 2024.
- Applies to second-generation biofuel production after 2021.
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