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The Ramsey Show Highlights

Buy Solar Panels Before The Big Beautiful Bill Ends The Tax Credit?

The Ramsey Show Highlights

Ramsey Network

Self-improvement, Education, Investing, Business

4.6682 Ratings

🗓️ 5 August 2025

⏱️ 9 minutes

🧾️ Download transcript

Summary

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Transcript

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0:00.0

Brought to you by the Every Dollar app. Start budgeting for free today.

0:06.7

So I'm 33 years old, married with two kids. So recently, the solar salesman came knocking on the door,

0:15.5

said, like, oh, the solar credits are going away after the big beautiful bill.

0:25.6

I'm kind of in a situation whether I should go solar before the tax rate goes away, just pass on the opportunity and then just go.

0:31.1

Okay.

0:32.1

Yeah, you're right.

0:33.1

The credits on solar panels on residential go away at the end of the year and the tax credit for

0:39.5

them.

0:40.7

Solar panels are excellent in some areas of the country.

0:44.9

It depends on two things.

0:46.7

Obviously, sunshine and high cost of electricity.

0:51.2

If you live in an area like Phoenix, has a lot of sun, and you have a high

0:55.2

cost of electricity, you can break even on a solar panel purchase fairly quickly, and if you

1:00.7

do, then solar makes sense. It never makes sense to buy solar on debt. Do you have the

1:06.8

cash to do this?

1:09.7

Yes, sir. I don't have any of the debt except my mortgage.

1:14.3

Okay, and you have the extra cash to buy the solar panels?

1:18.4

Yes, I do have extra cash. I have cash hitting around. I was planning on putting that

1:23.1

towards me mortgage. Yeah, that's fine. What was the, what was the bid on the solar panels? How much?

1:30.3

Before tax credit, it was $31,000. And what's your home worth? My home is worth 610, and I have

1:40.8

$400,000 left on it. Okay. All right.

1:44.8

So you have an extra $31,000 laying around to do this? Hey, it's George. That's right. I've been here the whole time, just creeping. Kind of like the creepy spammers and scammers out there using and selling your personal data. Not cool, guys. Not cool. And that's why you need to check out, delete me. Delete me. We'll find and remove your info from all of these data broker sites to reduce the risk of spam and scam in your life.

...

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