SEMA Coalition Sees 45X Rules as Important Step Toward Reshoring the Solar Supply Chain

The final rules will provide additional certainty for companies investing in solar.

Washington, DC – Today, the U.S. Department of Treasury and the Internal Revenue Service released the section 45X Advanced Manufacturing Production Tax Credit final rules. Mike Carr, Executive Director of the Solar Energy Manufacturers for America (SEMA) Coalition released the below statement following the announcement:

“We appreciate the approach and consideration by the Department of Treasury, with advice from the Department of Energy, to finalize the rules for the 45X Advanced Manufacturing Production Tax Credit. 

“The 45X credit is the foundation for reshoring the solar supply chain and has already changed the face of the U.S. solar manufacturing industry. Issuing this final rule takes a critical step forward in providing certainty for investments to build new and restart mothballed solar factories.

“We recognize the effort that went into this rulemaking and look forward to continuing our fruitful partnership with the Biden-Harris Administration on ensuring every available tool, such as the Inflation Reduction Act’s domestic content provisions, are brought to bear to successfully reshore the full solar supply chain.”

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