On May 22, 2025, the House in Congress passed the “Big Beautiful Bill” by only one vote. The Senate has its own version and both the House and Senate must reconcile their two versions before President Donald Trump can sign it.

The House version eliminates the 30% solar tax credit for residential solar for any system NOT “Placed in service” by 12/31/2025. There will be NO 30% solar tax credit after 12/31/2025. For commercial solar, all projects must start construction within 60 calendar days from when the final “Big Beautiful Bill” is signed into law by President Trump.

You Must Act Right Now If:

• You want to save or eliminate 2025 federal income tax
• You want to recover federal income taxes paid in 2022, 2023, and 2024
• You want to do Big Roth IRA Conversions without paying federal income tax, which normally ADDS $MILLIONS to your FAMILY’S NET WORTH

The most powerful tax strategy over the last 20 years, since the Energy Policy Act of  2005 introduced the 30% solar tax credit, is to own solar equipment. If it’s solar on your personal home, you get the 30% solar tax credit, which is a dollar for dollar reduction in your federal income tax bill. For business solar, you also can deduct the cost basis in the year the equipment is “placed in service”.

Example: if you buy a $70,000 piece of solar  refrigeration equipment and  lease it to giant grocery and food distribution companies, you get a 30% solar tax credit and can deduct the $59,500 cost basis, The Tax Law says cost basis is $70,000 less half of the $21,000 solar tax credit. Most AZ folks can save $30-40,000 of total federal and state income tax for each piece of equipment purchased. Taxpayers have used solar business equipment leasing to achieve all three tax benefits listed above. This is the most powerful way to save income tax in today’s US Tax Code.

For decades, CPA’s have advised high-tax clients to buy rental houses. If you can find a starter rental house in a nice area, it will cost at least $500,000. To obtain a decent interest rate on a non-owner-occupied house (meaning a rental house instead of a personal residence) one has to  put at least 25% or $125,000 down. If one adds $7,500 of closing costs and $7,500 of minor repairs, the total investment is $140,000.

You can’t depreciate the $100,000 allocated to land and can only depreciate  the $400,000 building ,The 27.5 year life yields an annual $14,545 of depreciation. If one is in a 25% tax bracket, one saves $3,636 of taxes in year one. However, you get the full depreciation only if the house was available for rent for all 12 months. In contrast, $140,000 of solar business equipment would save you $60-70,000 of income taxes in year one. This is 16 to 19 times the tax savings from a rental house.

Attend my Free Live Seminar on Weds. 7/23/2025, 6-8 pm at the Globe Room in the Pyle Adult Recreation Center 655 E. Southern Avenue Tempe, AZ 85282. This building is 50 yards NW of the main Tempe Public Library. The topic is “Retire Happy and Afford Your Bucket List!” Snacks and soft drinks will be provided.

Free Tour/Workshop at Solar Reefer (Refrigeration) Factory: Saturday, 8/02/2025  OR  8/16/2025, 9am–12 noon.  Topic is “How Solar Reefers can Reduce Taxes to $0 and earn a steady 10-14%!” Lots of tasty refreshments served!

Location is at Advanced Energy Machines: 4245 E. Norcroft Street, Mesa, AZ 85215, ¼ mile SW of McDowell & Greenfield Roads.

To RSVP for the seminars or schedule a free consultation, please contact Dr. Harold Wong at (480) 706-0177 or This email address is being protected from spambots. You need JavaScript enabled to view it.. His website is www.drharoldwong.com.

Dr. Wong earned his PhD in Economics at UC Berkeley in 1974 and passed the National CPA exam in 1979. He has appeared on over 400 TV/Radio programs.