US Treasury's New Guidelines for Solar Domestic Content and Clean Energy Tax Credits
TL;DR Summary
The Biden administration's tax incentive for clean energy manufacturing is causing controversy over who should receive the credit for making products in the US. The tax credit is expected to drive billions of dollars in new investment for companies that build their products in the United States and source their materials domestically. However, some American manufacturers in the solar industry are disappointed that panels will qualify for the 10 percent tax credit even if a crucial component in them, polysilicon wafers, does not come from the United States. The proposal highlights the challenge of moving some lines of production away from China.
- Tax credit for clean energy raises concern from some U.S. industries The Washington Post
- US Treasury takes middle road on solar panels 'Made in the USA' Reuters
- Made-in-USA trackers, solar panels, inverters and more can claim 10% 'domestic content' adder under certain rules Solar panels must have domestic solar cells to receive the full credit. Solar Power World
- Live news: Treasury tightens rules for US solar companies seeking green subsidies Financial Times
- Treasury Department releases guidance on solar domestic content pv magazine USA
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