Energy Tax Credit Calculator
Calculate federal and state/provincial tax credits for electric vehicles (EVs) and solar panel installations. Updated for 2026 tax year.
Key Features
- Electric Vehicle (EV) Tax Credit estimation
- Solar Panel Investment Tax Credit (ITC)
- State/provincial incentives included
- Income-based phase-out calculations
Calculator Inputs
Calculation Results
Federal Credit:
$0.00
State/Provincial Credit:
$0.00
Total Credit:
$0.00
Credit Percentage:
0%
Remaining Cost After Credit:
$0.00
Income Phase-Out Status:
Within Limits
Estimated Savings:
$0.00
About This Calculator
This calculator estimates tax credits for two popular energy-efficient investments: electric vehicles (EVs) and solar panel installations. Both the federal government and many states/provinces offer incentives to encourage these clean energy choices.
Electric Vehicle (EV) Tax Credit
The federal EV tax credit provides a credit for the purchase of qualifying electric vehicles. The credit amount depends on battery capacity and income.
2026 Federal EV Tax Credit Details
- Maximum credit: $7,500 per vehicle
- Battery requirement: At least 7 kWh capacity
- Vehicle price cap: $55,000 for sedans, $80,000 for SUVs/trucks
Income Phase-Outs
- Married Filing Jointly: Phase out begins at $300,000, fully phased out at $350,000
- Single/Head of Household: Phase out begins at $150,000, fully phased out at $200,000
Solar Investment Tax Credit (ITC)
The federal solar ITC allows homeowners to claim a percentage of their solar panel installation costs as a tax credit.
2026 Solar ITC Details
- Credit percentage: 30% of installation costs
- No maximum limit: Credit is applied to the full cost
- Residential and commercial: Both qualify
Phase-Down Schedule
- 2026-2032: 30%
- 2033: 26%
- 2034: 22%
- 2035+: 10% (unless extended)
State/Provincial Incentives
Many states and provinces offer additional incentives beyond the federal credits:
- California: Up to $7,000 EV rebate + $2,000 solar rebate
- New York: Up to $2,000 EV rebate + solar incentives
- Texas: No state EV rebate, but various solar incentives
- Ontario: Up to $10,000 EV rebate + solar incentives
- British Columbia: Up to $5,000 EV rebate + solar incentives
Frequently Asked Questions
Yes, used EVs may qualify for a $4,000 tax credit, subject to different income and price limits.
Yes, federal and state credits are separate and can both be claimed if you meet the eligibility requirements.
No, the solar ITC is not refundable, but it can be carried forward to future tax years if you can't use it all in one year.
No, these are tax credits, not deductions. You can claim them regardless of whether you itemize or take the standard deduction.
Qualifying vehicles include battery electric vehicles (BEVs) and plug-in hybrid electric vehicles (PHEVs) with at least 7 kWh battery capacity.
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