The bill would restore a 30% tax credit for residential solar systems — making it applicable to panels installed this year – and extend the program to Jan. 1, 2034. Leased or purchased battery storage systems would likewise qualify for a 30% credit. Add to that rebates for heat pumps (up to $8,000), heat pump water heaters ($1,750), induction stoves ($840) and upgrades to one’s home electrical system ($4,000). Households earning up to 150% of the median income in their area can claim a maximum of $14,000 in total rebates through Sept. 30, 2031.
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