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45X Advanced Manufacturing Production Credit

“We’ve always focused on innovation, but historically that’s been more on the hardware side, but now we’re also looking at the software side,” said Christelle Barnes. Image: SolarEdge.

SolarEdge secures Section 45X tax credit sale for inverters produced in H1 2024

November 6, 2024
The tax credits, which amount to nearly US$40 million, were generated by sales of PV inverters made in the US during the first half of 2024.
A First Solar manufacturing facility.

First Solar posts lower sales, revises down end-of-year forecast, in Q3 results

October 30, 2024
First Solar has published its results for the third quarter of 2024, which include lower net sales figures than in the previous quarter.
The Anemoi Energy Storage project.

‘Entire Fortune 500’ looking at clean energy tax credits

October 29, 2024
The whole of the Fortune 500 is looking into clean energy tax credit transferability deals, according to tax credit investment banking firm Foss & Company.
US secretary of the Treasury Janet L. Yellen makes a speech.

US Treasury finalises 45X Advanced Manufacturing tax credit rules

October 24, 2024
The US Treasury has finalised its rules for the 45X Advanced Manufacturing Production Tax Credit under the Inflation Reduction Act.
An Enphase Energy factory.

Enphase lowers Q4 revenue forecast off the back of slow sales

October 24, 2024
Enphase Energy posted revenue of US$380.9 million in the third quarter of 2024, and sold around 1.7 million microinverters.
The House passed the measure in a 220-213 vote, with one Democrat voting against. Image: Image: Pixabay.

US senators seek to exclude Chinese PV manufacturers from IRA tax benefits

August 1, 2024
The “American Tax Dollars for American Solar Manufacturing Act” was introduced yesterday by a bipartisan group of senators.
Silfab Solar is aiming to expand its module production capacity in the US by 1.3GW by 2024. Image: Silfab Solar

IRA transferability market reaches US$11 billion in H1 2024

July 30, 2024
Crux said that the tax credit transferability market has “outpaced expectations” from when the Department of Treasury released guidance on the scheme in June 2023.
Meyer Burger facility in Goodyear, Arizona. Image: Meyer Burger

Meyer Burger starts module production in Arizona, secures 600MW PV supply

June 25, 2024
Swiss-owned solar manufacturer Meyer Burger has started production at its heterojunction (HJT) module assembly plant in Goodyear, Arizona.
Silfab started shipping products from its new plant (pictured) in Burlington, Washington, last month. Image: Silfab Solar.

Silfab and Schneider Electric sign IRA 45X manufacturing transferability deal

May 16, 2024
US solar cell and module manufacturer Silfab Solar has completed a tax credit transfer deal with energy software company Schneider Electric.
First Solar manufacturing plant
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‘The market is definitely moving on 45X credits’, says Crux CEO

April 12, 2024
PV Tech Premium speaks with Crux about the interest in the 45X credit market in the US, including First Solar's deal made late last year.

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