45x

US thin-film manufacturer First has revealed another transfer of its 45X manufacturing tax credits in a deal worth around US$775 million.

First Solar has completed a deal to sell US$391 million in tax credits, bringing its total tax credit sales this year to over US$1.5 billion.

The US Senate has narrowly passed – with a 51-50 vote and with vice-president JD Vance breaking the tie – the reconciliation bill yesterday (1 July) without the solar and wind excise tax.

Heliene has completed the sale of Section 45X Advanced Manufacturing Production Tax Credits in association with Minnesota-based U.S. Bank.

First Solar has sold US$311.8 million in tax credits to “a leading financial institution” under the rules set out in the IRA.

The US Senate Finance Committee draft bill is a “stake in the heart” of US solar manufacturing, according to Democrat senator, Ron Wyden.

US tax credits for solar PV, wind power and electric vehicles are facing dramatic cuts, while those for energy storage are sustained.

The US House of Representatives has passed a bill slashing tax credit provisions for clean energy projects.

PV Tech spoke to Mike Carr, executive director of the Solar Energy Manufacturers for America (SEMA) Coalition, about US solar manufacturing.