Highland Materials secures US$255.6 million 48C tax credit to build polysilicon plant in the US

April 22, 2024
Facebook
Twitter
LinkedIn
Reddit
Email
Highland Materials’ polysilicon plant in the US is expected to have an initial capacity of 16,000MT of solar silicon. Image: Wacker

Polysilicon manufacturer Highland Materials has secured US$255.6 million in 48C tax credits to build a polysilicon plant in the US.

The new facility is expected to have an initial annual capacity of 16,000 metric tons (MT) of solar silicon, to be increased to 20,000MT in four years, which would be equivalent to 10GW of solar cells, according to the Solar Energy Manufacturers for America (SEMA) Coalition. The SEMA Coalition added that this is the first new commercial polysilicon plant to be built in the US since the passage of the Inflation Reduction Act (IRA) in August 2022.

This article requires Premium SubscriptionBasic (FREE) Subscription

Try Premium for just $1

  • Full premium access for the first month at only $1
  • Converts to an annual rate after 30 days unless cancelled
  • Cancel anytime during the trial period

Premium Benefits

  • Expert industry analysis and interviews
  • Digital access to PV Tech Power journal
  • Exclusive event discounts

Or get the full Premium subscription right away

Or continue reading this article for free

A location for the polysilicon plant has not been disclosed, nor when it will begin commercial operation.

Highland Materials is among over 100 companies awarded tax credits from the US government under the Qualifying Advanced Energy Project Tax Credit (48C) scheme, which recently set aside US$4 billion for tax credits, of which US$2.7 billion is earmarked for use in clean energy manufacturing projects.

Established in 2009 under the American Recovery and Reinvestment Act, the 48C scheme received an additional US$10 billion under the IRA. The initiative provides an investment tax credit (ITC) associated with an investment in a manufacturing facility.

“We are excited about the Department of Energy’s sign of support for Highland and our technology,” said Richard Rast, president of Highland Materials. “By commercialising our silicon purification technology, we as an American company can continue to innovate on American soil with significantly less cost and carbon emissions than other manufacturers.”

According to the company, its solar grade polysilicon uses a proprietary technology that is more environmentally-friendly than current technologies, such as Siemens and Fluid Bed Reactor, all while delivering performance on par with these technologies.

New polysilicon facilities in the US

New polysilicon announcements in the US have been scarce since the IRA was passed, unlike the announcements of new module capacities, which have been common in the past two years.

New polysilicon developments have typically been more negative, such as polysilicon manufacturer REC Silicon shutting down its polysilicon production capacity at its Butte facility in Montana earlier this year. More recently, the company slightly delayed the first polysilicon shipments from its Moses Lake facility – in the US state of Washington – from the end of the first quarter of 2024 to early in the following quarter.

“This polysilicon plant heralds a new era in US solar production. The SEMA Coalition has been emphasizing the importance of securing domestic production in the high-value upstream steps of the supply chain – polysilicon and wafer production – and this represents a real milestone,” said Mike Carr, executive director of the SEMA Coalition.

Earlier this month, the SEMA Coalition called on the US Biden administration to “act aggressively” to support a domestic solar manufacturing industry with a disparity of capacity announcements further upstream, according to a guest blog by the advisory board Clean Energy Associates back in December.

16 June 2026
Napa, USA
PV Tech has been running PV ModuleTech Conferences since 2017. PV ModuleTech USA, on 16-17 June 2026, will be our fifth PV ModulelTech conference dedicated to the U.S. utility scale solar sector. The event will gather the key stakeholders from solar developers, solar asset owners and investors, PV manufacturing, policy-making and and all interested downstream channels and third-party entities. The goal is simple: to map out the PV module supply channels to the U.S. out to 2027 and beyond.

Read Next

November 6, 2025
Inverter manufacturer SolarEdge sold close to 1.5GW of inverters in the third quarter of the year, driving revenue of US$340.2 million.
Premium
November 6, 2025
Third-quarter results show a clear split in the fortunes of China’s leading polysilicon and module producers, writes Carrie Xiao.
November 5, 2025
IPP Sol Systems has selected Solv Energy as the EPC services provider for a 209MW solar PV plant in Texas, US. 
November 4, 2025
Syncarpha Capital has completed construction work at the 7.1MW Acton solar-plus-storage project in the US state of Massachusetts.
November 4, 2025
Israel-headquartered IPP Enlight has secured US$150 million in financing to support a solar-plus-storage project in the US.
November 3, 2025
US renewables developer EnergyRe has reached financial close on a solar PV portfolio in the US state of South Carolina.

Subscribe to Newsletter

Upcoming Events

Upcoming Webinars
November 12, 2025
10am PST / 1pm EST
Solar Media Events
November 25, 2025
Warsaw, Poland
Solar Media Events
December 2, 2025
Málaga, Spain
Solar Media Events
February 3, 2026
London, UK
Solar Media Events
March 10, 2026
Frankfurt, Germany