H.R. 2599 proposes a change to the Internal Revenue Code of 1986 to set up a tax credit for people who buy emergency generators. The bill is called the “Preventing Outages With Electricity Reinforcement Act of 2025” or the “POWER Act of 2025.” It allows individuals whose...
Simple Explanation
H.R. 2599, also called the POWER Act of 2025, is about giving people who buy emergency generators a chance to save up to $500 on their taxes if they live in areas with a lot of big disasters and have received help before. But, if you make more money, you might not get as much of a savings, and it only works for generators bought in the first two years the law is around.