Treasury Tweaks Solar Manufacturing Tax Credit, Aiding Domestic Supply Chain Buildout 

WASHINGTON, D.C. — Today the U.S. Department of the Treasury issued final rules for the Advanced Manufacturing Production Tax Credit under Section 45X that accepted many of the Solar Energy Industries Association’s (SEIA’s) recommendations.  

Section 45X provides incentives for solar and energy storage manufacturers across the supply chain, including manufacturers that produce solar cells, solar modules, inverters, trackers, and other parts of the supply chain. Because this tax credit is tied to production volume, it provides long-term support for manufacturers once a facility opens.   

Following is a statement from Abigail Ross Hopper, president and CEO of the Solar Energy Industries Association (SEIA) on the new rules:  

“Section 45X is one of the most influential policies we have to onshore the solar supply chain. Clarity is key, and these rules provide the certainty domestic solar and storage manufacturers need to move forward with their investments.  

“Over the last year SEIA has advocated for solutions that make this credit more accessible, including realistic solutions to expand eligibility for inverter manufacturers and help storage manufacturers recoup upfront costs for accessing critical minerals.  

“As a result of these rules, investments in American workers and factories are here to stay. Whether it’s solar panel manufacturing in Georgia, steel rolling in Pennsylvania, or mineral production in Montana, the solar and storage industry is committed to making homegrown solar products.  

“We commend Treasury and the Biden administration for their continued efforts to support domestic manufacturing and invest in our energy independence.” 

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About SEIA®: 

The Solar Energy Industries Association® (SEIA) is leading the transformation to a clean energy economy, creating the framework for solar to achieve 30% of U.S. electricity generation by 2030. SEIA works with its 1,000 member companies and other strategic partners to fight for policies that create jobs in every community and shape fair market rules that promote competition and the growth of reliable, low-cost solar power. Founded in 1974, SEIA is the national trade association for the solar and solar + storage industries, building a comprehensive vision for the Solar+ Decade through research, education and advocacy. Visit SEIA online at www.seia.org and follow @SEIA on Twitter, LinkedIn and Instagram.

Jen Bristol, SEIA’s Senior Director of Communications, jbristol@seia.org  (202) 556-2886