What Clean Energy Incentives and Grants are Expiring?
In July 2025, the “big beautiful bill” passed by a Republican-led Congress eliminated a number of federal home energy tax credits years earlier than planned. These tax credits are critical for our nation’s fight against climate change, and there’s still a chance to use them before they expire.
If you have been thinking about making home improvements, buying a car, or taking advantage of economic development projects, now is the time to look into tax incentives.
We’ve compiled a list of current tax incentives for Oak Park residents, their use, and when they expire. The initiatives range from renewable energy credits to electric vehicle rebates; these programs are designed to support sustainability while offsetting costs. Some of these opportunities, specifically those funded by the federal government, are set to expire soon. Reviewing tax incentives now can help you save money and plan for the future.
Check out the following table to see how to apply before the incentives are gone.
| Tax Incentives & Grants | What They're For | End Date | |
|---|---|---|---|
| Federal | Electric Vehicle (EV) Tax Credit | Tax credit of up to $7,500 for buying or leasing a new electric vehicle | September 30th, 2025 |
| Federal | Residential Clean Energy Credit | For up to 30% of the total cost of new clean energy systems | December 31st, 2025 |
| Federal | Energy Efficient Home Improvement Credit | For up to 30% of the cost of energy-efficient home improvements | December 31st, 2025 |
| Federal | Weatherization - Energy Efficient Home Improvement Credit | For up to 30% of the cost of the weatherization project, up to $1,200 | December 31st, 2025 |
| Federal | Home Energy Audit - Energy Efficient Home Improvement Credit | Up to $150 credit for a home energy audit completed prior to December 31st | December 31st, 2025 |
| Federal | 25D Residential Clean Energy Property Credit - Geothermal | An uncapped credit of up to 30% of the cost of purchasing and installing a geothermal heat pump | December 31st, 2025 |
| State | Illinois Shines, Adjustable Block Program | Provides solar incentives through the purchase of Renewable Energy Credits | Application cycle is closed, set to reopen in 2026 |
| State | Electric Vehicle Rebate Program | Provides $4,000 rebate for an all-electric vehicle or a $1,500 rebate for an all-electric motorcycle | Applications are currently being accepted |
| Local | Climate Ready Energy Grants | Provides funds to cover eight home improvement projects: energy audit, insulation install, fixing windows, upgrading electrical panels, heat pump, electric water heater, upgrade lighting, and solar panels | Applications are currently being accepted |
| Local | Climate Ready Rainscapes | The village provides a professional home assessment, landscape design, a list of contractors, and funding for 50% of the total cost of eligible improvements | Applications are currently being accepted |
| Local | Sewer Backup Protection Grant | Provides grants of up to 50% of sewer backup prevention improvements; the maximum grant is $3,500. Projects will improve system resiliency during heavy rain. | Applications are currently being accepted |
| Local | Single-Family Rehabilitation Loans | Deferred-payment, no-interest loans for single-family homeowners to meet housing code. Improvement projects may also be used to address health hazards, accessibility, and weather resilience | Applications are currently being accepted |
| Private | ComEd and Ameren Solar Rebates | Homes with solar are eligible for smart inverter installation. Then, homeowners can receive $300 per kW of solar. | Ongoing enrollment |
