The Solar Energy Manufacturing for America Act would establish a tax credit for domestic solar manufacturers in an effort to boost the U.S. solar supply chain, create American clean energy jobs, compete with Chinese manufacturers, and support energy independence.
Senator Jon Ossoff (D-Georgia) introduced a bill, dubbed the Solar Energy Manufacturing for America Act, which looks to establish a tax credit for domestic solar manufacturers.
According to the senator’s office, the act would boost the U.S. solar supply chain to create American clean energy jobs, compete with offshore manufacturers, and support energy independence. The incentive would be available through 2028 with a phase-down taking place the two years following.
Modules would receive a credit of 11 cents, multiplied by the capacity of the module; cells would receive 4 cents, multiplied by the capacity of the cell; wafers would be credited at $12 per square meter; and solar-grade polysilicon would receive a credit of $3 per kilogram.
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