If you’ve been considering buying an electric vehicle or installing solar panels, now’s the time to act. The U.S. federal tax credits that help lower the cost of EVs, solar systems, and other energy-efficient home upgrades are set to expire at the end of 2025.

These incentives—part of the government’s push to encourage clean energy adoption—can translate into thousands of dollars in savings. Qualifying purchases made before December 31, 2025, could give you a significant rebate when you file your taxes.

After the deadline, there’s no guarantee similar programs will be extended or replaced, which is why industry experts are urging buyers to finalize their plans sooner rather than later. With EV prices becoming more competitive and solar technology improving, 2025 might be the most cost-effective year yet to make the switch.

Bottom line: If you’ve been waiting for the right moment to go electric or harness solar power, this year may be your last big chance to get federal money back for it.