SEIA Secures Wins in 45X Guidance That Will Drive American Solar Manufacturing
Thursday, Dec 14 2023
WASHINGTON D.C. — Today the U.S. Department of Treasury released new guidance on the Section 45X advanced manufacturing production tax credit that passed as part of the Inflation Reduction Act (IRA).
Following is a statement from Abigail Ross Hopper, president and CEO of the Solar Energy Industries Association (SEIA) on today’s guidance:
“This guidance provides important clarity for American manufacturers that are eagerly awaiting the certainty they need to invest and create jobs. SEIA has been a steadfast advocate for effective clean energy industrial policy, and today we secured several wins that will cement the United States as a global hub for solar and storage production.
“Companies that use contracted manufacturing facilities now have the flexibility to quality for the 45X production tax credit. The guidance also includes incentives for production of optimized inverter systems, a critical component for the growing residential solar sector.
“America is undergoing the largest expansion of domestic solar manufacturing in history, and today’s developments will help support this economic boom. SEIA looks forward to providing further comments to Treasury and urges the Department to swiftly finalize these rules so companies can fully capitalize on the potential of American solar and storage manufacturing.”
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.
Morgan Lyons, SEIA's Director of Communications, [email protected] (202) 556-2872