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Solar Power Advocates Urge Floridians to Act Before Tax Credits Expire

Strategic Insights

— 2 min read

As President Donald Trump's signature "One Big Beautiful Bill Act" takes effect, eliminating federal tax credits for rooftop solar power, electric vehicles, and energy-efficient home improvements, solar power advocates in Florida are advising those considering making such purchases to act now. The 30% tax break for individuals who buy rooftop solar panels is set to expire by the end of this year, causing concern among industry leaders, who warn that the removal of these tax credits will suffer the solar industry in the coming months.

Key Takeaways:

  • The "One Big Beautiful Bill Act" eliminates federal tax credits for rooftop solar power, electric vehicles, and energy-efficient home improvements, effective immediately.
  • The 30% tax break for individuals who buy rooftop solar panels is set to expire by the end of this year, causing concern among industry leaders.
  • The solar industry in Florida has seen a surge in demand since the bill was signed into law, with Steve Rutherford, president and CEO of Tampa Bay Solar, reporting that he has gotten 100 customers in the last month, a significant increase from the previous four months.
  • Rutherford warned potential customers to look for highly qualified installers, as the industry is experiencing significant growth, and the rush to meet the deadline may compromise quality.
  • The new law takes away leadership on solar power from the US, ceding it to China, which is installing 100 solar panels every second.
  • Growth in the solar power sector is expected to slow down significantly in the US, despite continued growth globally.
  • The bill also removes tax credits for energy-efficient home improvements, including up to $2,000 off the purchase of heat pumps, water heaters, and biomass stoves, and up to $1,200 off home upgrades like new insulation, doors, and windows.

Statistics:

  • 100 solar panels are installed every second in China (per Steve Johnson).
  • 28% of Florida's energy is expected to come from renewable sources by 2032 (according to a report by the Florida Public Service Commission).
  • 75% of Florida's energy is currently derived from natural gas.
  • Investor-owned utilities in Florida installed the second-biggest solar power capacity in the country last year, behind only Texas.
  • 8% of Florida's existing energy portfolio is currently provided by solar power.
  • The "Energy Efficient Home Improvement Credit" took up to $2,000 off the purchase of heat pumps, water heaters, and biomass stoves, and up to $1,200 off home upgrades.
  • Up to $7,500 in tax credits is available for buying and leasing new electric vehicles, and up to $4,000 for used vehicles.

Sources:

  • (https://floridaphoenix.com/2025/07/29/florida-solar-power-advocates-say-time-is-now-to-take-advantage-of-tax-credits/0-1-84/)
  • (https://floridaphoenix.com/2024/12/06/florida-has-installed-the-second-most-solar-power-capacity-in-the-country-in-2024/)
  • (https://www.floridapsc.com/pscfiles/website-files/PDF/Publications/Reports/General/FactsAndFigures/April%202024.pdf)

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