Leading U.S. based module manufacturer SEG Solar has announced the successful completion of its first transaction for the sale of Section 45X Advanced Manufacturing Production tax credits, with a total value of up to $50 million. The transaction closed, and the first funding occurred, on June 6.
The tax credits originate from SEG’s 2025 module production at its factory in Houston. Under the agreement, a U.S. public company will pay SEG a price of $0.94 per $1.00 of tax credit value across four instalments, tied to actual production output and module sales.
SEG CEO Jim Wood commented: “We are delighted to have finalized our first Section 45X tax credit sale, marking a major financial milestone for our company. This transaction provides us with significant cash flow, strengthens our financial position and enables us to further accelerate our investment in U.S. manufacturing. By expanding our production capacity and deepening our domestic partnerships, we are not only advancing clean energy innovation, but also contributing meaningfully to job creation and long-term economic growth.”
This deal follows months of strategic efforts by SEG to strengthen its domestic operations and contribute to building a more resilient domestic solar supply chain. It also demonstrates strong market confidence in the reliability of the company’s production output and the Section 45X credit transfer mechanism, especially for credits backed by U.S. manufactured module technology.
With a total investment exceeding $60 million, SEG’s manufacturing facility has achieved an annual production capacity of 2 GW through two state-of-the-art, fully automated production lines. This enables the company to strengthen its commitment to providing developers and project owners with reliable, high-quality modules featuring the highest possible level of domestic content.
