The new administration wants to limit or roll back tax credits for home energy equipment -- which could cost you money and change your plans.

Solar stocks rebound Friday after suffering crushing losses in the previous session that followed the House of Representatives' passage of President Trump's tax and spending package that analysts say would effectively end the U.

The local solar industry is bracing for the potential impact of a new mandate where the price for solar could go up 30% should tax credits get wiped from current clean energy incentives, according to

The plan, which is still pending in the House, would eliminate many tax incentives for clean energy programs after this year.

For anyone who can afford to go solar, "now would be the time" because House Republicans want to end federal tax credits that make it affordable.

Shares of solar stocks, including rooftop solar provider Sunrun (NASDAQ: RUN), renewables-focused utility NextEra Energy (NYSE: NEE), and renewable power provider AES Corp. (NYSE: AES), plunged on Thursday,

The bill extends tax credit benefits and transferability for nuclear energy projects, including restarts and upgrades, while eliminating similar perks for solar, wind, and storage.

House Republicans are proposing to gut energy savings and clean energy tax credits in President Donald Trump’s “big, beautiful” tax bill — money that is creating thousands of jobs in GOP states.