Time is running out for homeowners to take advantage of tax breaks on solar panels and energy-efficient upgrades as credits expire at the end of the year. Residential energy prices are soaring, with electricity prices up 5.5% compared to last year. Consumers can claim up to $3,200 a year in tax benefits, including up to 30% of the total cost for qualified energy-efficient home improvements. The federal credits are significant, especially for solar panels, offering up to 30% of the project’s qualifying costs. To qualify, projects must be completed by year-end, so act fast to save money on energy bills.

Read more at Yahoo Finance: Want tax perks for solar panels and heat pumps? You need to act fast.