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Points of View: Insight & Perspective


Expertise in Financing to Build Stronger Communities

With our breadth of experience, Self-Help is a solid resource on a wide range of financing and policy issues. We’re happy to share expertise and to help find additional resources on topics such as:


Leadership Profiles

Socially Responsible Investing

Ebony Perkins

Ebony Perkins, Investor and Community Relations Manager

Ebony Perkins is a dedicated, solution-oriented social entrepreneur whose heartbeat is community. She has a demonstrated ability of working with investors and philanthropists to help them make smart and strategic decisions. As Self-Help's Investor & Community Relations Manager, Ebony helps groups and individuals invest funds in a socially responsible financial institution that supports communities of all kinds, especially those underserved by conventional lenders. Before that role, she served as the Donor Relations Manager at Central Carolina Community Foundation where she managed a system to engage and educate over 400 individuals and groups to help them achieve their charitable goals.

Ebony’s commitment to community investing is evident by her service and contributions to Women In Philanthropy, Durham Center for Senior Life, and the University of North Carolina MPA Alumni Board. Ebony was also recognized on the SRI Conference's inaugural 30 Under 30 List.

Ebony holds a Master of Public Administration from the University of North Carolina at Chapel Hill and a Bachelor of Science in Marketing from Claflin University as a summa cum laude graduate. She also has an Executive Certificate in Financial Planning from Duke University.

Nuray Ozbay

Nuray Ozbay, Policy and Impact Investment Associate

Nuray Ozbay leads Self Help’s efforts to cultivate mission-supportive depositors and impact investors within and beyond Self-Help’s California footprint. As a global movement and relationship builder, Nuray loves working with change-makers across non-profit, corporate, and public sectors. Her expertise is in intersectional gender equality, global civil society activism, social justice, and ESG investing. Nuray currently serves as a Board Director at the UN Women San Francisco Chapter and a National Expert on Violence Against Women at the European Women’s Lobby, the largest umbrella organization of women’s associations across Europe. Before joining Self-Help, Nuray spent 11 years in the social impact sector as a researcher, consultant, and non-profit leader across Turkey and Europe, working on issues including but not limited to immigration, women’s access to economy, financial literacy & inclusion, entrepreneurship, and care economy.

Kimberly Jones

Kimberly Jones, Investment Associate

 

 

Kimberly's professional career spans both the nonprofit and community development financial services sectors, with expansive senior leadership roles in arts management; business and resource development; community relations; and corporate philanthropy. Currently, she's Self-Help's Investor Relations Manager, where she helps individuals and institutions align their banking and investments with their mission, vision, and values. Kimberly has held leadership positions that advanced the missions of creative organizations and community development financial institutions seeking to make a difference in communities in their footprint. She has been a founding board member of mission driven organizations that supported the growth and development of young artists, creatives, and professionals in the nonprofit sector.

In 2015, Kimberly was selected to be a PLACES Fellow with The Funders Network, where she explored the role of philanthropy through an equity lens in low to moderate income communities. She has served as a grant/award reviewer for organizations that championed organizational excellence, community development, and environmental sustainability. Kimberly has a BA in Political Science from the University of Minnesota-Morris and an MA in Arts, Entertainment, and Media Management from Columbia College Chicago.

Green Economy; Sustainable Society; Investing for the Environment

Melissa Malkin-WeberSustainability Director

Melissa has worked across a broad span of hands-on sustainability practices. At Self-Help Credit Union, she integrates the triple bottom line into the organization’s financial products, operations, and buildings portfolio. She led Self-Help to realize over $1.7 million in net present value from initiatives in this sector, including $180,000 energy savings in our own operations. Melissa previously directed the residential energy efficiency and indoor air quality research program at Advanced Energy and worked in industrial pollution prevention at RTI International. She earned her law degree from University of Michigan, and her Master's from UNC’s School of Public Health.

Shondra Tanner, Mortgage Lending

Shondra Owens Tanner brings her extensive experience and commitment to making mortgage loans for low-wealth families to her position as Self-Help's Director of Mortgage Originations, where she oversees all North Carolina home loan origination and new business development.  Shondra's areas of expertise includes buying your first home, mortgage basics (documentation, closing costs, down payments), delinquency and loss mitigation (What is a forbearance and loan modification and what does that do to your credit?)

Features and Commentary

Don’t Miss Out: Save Money and Energy Today


By Staff
  | Jul 23, 2025

a small plant sprouting out of a pile of coins

With the introduction of a new federal budget, federal tax incentives that support energy-saving upgrades are going away soon. If you have been considering any of the following products or projects, you may want to act quickly to take advantage of the additional savings for electric vehicles (EVs), energy-saving home improvements, and solar panels before the deadlines.  

In this blog post, we will discuss how you can apply these tax credits, what the rules and restrictions are, and relevant financing options if you want to save money and energy without breaking the bank. 

 

Electric Vehicles (EV): September 30, 2025 

three photos of electric vehicles charging outside

The EV Tax Credit, which provides credits for qualifying electric vehicles and plug-in hybrid electric vehicles (PHEV), will only be available until the end of September. If you’ve been considering taking advantage of the benefits of an EV, here are some things to keep in mind: 

  • You must sign a lease or purchase an EV by September 30 to qualify. 

  • The credit applies to both new and pre-owned EVs

  • The credit is relevant for fully electric vehicles and plug-in hybrid electric vehicles (PHEV). 

  • It may be applied at the point of vehicle purchase (depending on the dealership) to instantly lower the sticker price by 30% of the vehicle cost, up to these maximums: 

    • New vehicles: $7,500   

    • Pre-owned vehicles: $4,000  

  • Regardless of whether you claim the credits at the point of sale or if you wait to claim them when you are filing taxes, you must file form 8936, Clean Vehicle Credits, with your tax return. 

  • Income limits apply, but you may use your adjusted gross income from the year you purchase the vehicle or the year prior — whichever is less. 

While there are a number of EVs and PHEVs that qualify for this credit, there are some specific requirements for your chosen vehicle that should be considered: 

New EVs and PHEVs 

  • Must have a battery capacity of at least 7 kilowatt hours 

  • Must be made by a qualified manufacturer 

  • Must undergo final assembly in North America 

  • Must meet critical mineral and battery component requirements 

  • The MSRP of the vehicle cannot exceed $80,000 for SUVs, vans, and pickup trucks or $55,000 for other vehicles 

To find out if a new vehicle is eligible for the tax credit, search fueleconomy.gov 

Pre-owned EVs and PHEVs 

  • Must have a sale price of $25,000 or less (see the IRS website for inclusions and exclusions in the sale price) 

  • Must have a model year of at least 2 years earlier than the calendar year that it is bought (anything purchased now would have to be model year 2023 or older) 

  • Must have a battery capacity of at least 7 kilowatt hours 

  • Must buy the vehicle from a dealer 

 To find out if a pre-owned vehicle is eligible for the tax credit, search fueleconomy.gov 

Self-Help Financing: Check out our EV Loans, which include rate discounts and can also include the installation of an EV charger in your home. Applicants who make less than 80% area median income may be eligible for additional rate discounts through our partnership with Opportunity Finance Network.  

 

Energy-saving Home Improvements: December 31, 2025 

three side-by-side images of home energy improvement equipment: a biomass heater, a water heater, and a pair of hvacs

The Energy Efficient Home Improvement Credit applies to several energy-efficient products and services for your home, which include replacing old or broken HVAC systems or other appliances with more efficient options, improving insulation through Energy Star doors and windows, or completing a home energy audit.  

Many of these upgrades can pay off over time. If you want to take advantage of the credit, here are some things to keep in mind: 

  • You must have the project placed in service by 12/31 to qualify

    • “Placed in service” means that any installation has been completed, permits and approvals are finalized, and that everything is ready and available for use. 

  • The credit provides a tax deduction of 30% of a project, up to a maximum: 

    • The maximums are specified per project, but range from $150 for a home energy audit to $2,000 per year for qualified heat pumps, water heaters, etc. 

  • The item must be produced by a qualified manufacturer

  • You may need to subtract subsidies, rebates, or other financial incentives when calculating your credit, since these count as purchase-price adjustments. 

  • The credit is nonrefundable, so you can’t get back more credit than you owe in taxes 

    • Unfortunately, you also can’t apply excess credit toward future years’ taxes. 

  • To claim the credit, you must file Form 5695, Residential Energy Credits Part II with your 2025 tax return. 

Here are some of the improvements that qualify to claim this tax credit: 

  • Building envelope components – they must have an expected lifespan of 5 years and be purchased new. Labor costs don’t qualify: 

    • Exterior doors – Energy Star 

    • Exterior windows and skylights – Energy Star 

    • Insulation and air sealing materials or systems – must meet International Energy Conservation Code (IECC) standards 

  • Home energy audits – this is an inspection that identifies cost-effective energy efficiency improvements and estimates relevant energy and cost savings. This must be conducted by a qualified home energy auditor with appropriate certification. 

  • Residential energy property – they must meet the Consortium for Energy Efficiency (CEE) highest efficiency tier, be purchased new, and the costs may include labor for installation: 

    • Central air conditioners 

    • Natural gas, propane, or oil water heaters, furnaces, and hot water boilers 

    • Electric or natural gas heat pumps or heat pump water heaters 

    • Biomass stoves and boilers 

Self-Help Financing: Energy Saver Loans can be used for almost anything that reduces home energy use. Common categories include home heating and cooling, water heaters, and windows. 30% of the loan amount can also be used for non-energy efficiency projects that improve comfort such as roof repairs. Additional rebates may be available, depending on the location. 

 

Solar Panels: December 31, 2025 

three side-by-side images of houses with solar panels on the roof

The Residential Clean Energy Credit that applies to new solar panels and other clean energy property as well as their installation costs will be going away at the end of 2025. It’s important to note: 

  • You must have your solar panel system or other clean energy property installed by 12/31 to qualify. 

    Solar panel systems can take 2.5-4 months to fully install, so you should start the process as soon as possible if you want to take advantage of the credit. 

  • The credit equals 30% of the costs of new, qualified clean energy property. 

    • This includes labor costs for onsite preparation, assembly or original installation of the property, and piping or wiring to connect it to the home. 

    • There are no dollar limits, except for fuel cell property 

  • You may need to subtract subsidies, rebates, or other financial incentives when calculating your credit, since these count as purchase-price adjustments. 

  • The credit is nonrefundable, so you can’t get back more credit than you owe in taxes.  

    • Luckily, you can carry forward any excess, unused credit to reduce tax you owe in future years. 

  • To claim the credit, you must file Form 5695, Residential Energy Credits with your 2025 tax return

While solar panels are the most prominent use for this credit, here is a list of the clean energy property that qualifies (all must be purchased new):  

  • Solar electric panels 

  • Solar water heaters – certified by the Solar Rating Certification Corporation or a comparable entity 

  • Wind turbines 

  • Geothermal heat pumps – Energy Star 

  • Fuel cells 

  • Battery storage technology – capacity of at least 3 kilowatt hours 

Self-Help Financing: Our Solar Loans can be used to finance a solar panel system, including labor, solar panels, electrical panel upgrades, racking, and battery storage. You may select your own contractor, but they must be vetted by our Green Lending Team prior to loan approval. A list of preapproved contractors can also be requested from our loan officers. 

 

 

At Self-Help, our goal is to help you take advantage of economic opportunities. Saving energy can sometimes be an investment upfront, but there are many home upgrades that pay off and a number of financial benefits with switching to an EV. If you have been considering making any of these upgrades, now is the time! And if you need affordable, responsible financing to help you maximize your savings in the long run, we are always here to help.  



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