Youmans & Gardner LLC, CPA

Many of the existing energy-efficient or green-energy tax credits have been discontinued.

• Energy efficient commercial buildings deduction: Under the Act, the energy efficient commercial building deduction terminates for the cost of energy efficient commercial building property whose construction begins after June 30, 2026.
• Cost recovery for energy property: The Act eliminates 5-year MACRS classification for energy property effective for property for which construction begins after 2024.
• Advanced energy project credit: Effective July 4, 2025, “add backs” in the event of the revocation of a project certification are discontinued.
• Advanced manufacturing production credit: The Act terminates the credit for wind energy components produced and sold after Dec. 31, 2027. It also subjects pre-Act applicable critical minerals to a new  phaseout schedule and tightens the rules regarding foreign entities.
• Energy efficient home improvement and new  energy efficient home credits: The energy efficient home improvement credit under is terminated for property placed in service after 2025. The new  energy efficient home credit under terminates for any qualified new  energy efficient home acquired after June 30, 2026.
• Residential clean energy credit: The residential clean energy expenditures credit is terminated for any expenditures made after 2025.
• Clean vehicle credits: The credits for new  and previously owned clean vehicles terminate for vehicles acquired after Sept. 30, 2025. The credit for qualified commercial clean vehicles also terminates for vehicles acquired after Sept. 30, 2025.
• Alternative fuel vehicle refueling property credits: The credit for “alternative fuel vehicle refueling property” (such as an EV charger) terminates for property placed in service after June 30, 2026.