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POSTED February 23, 2023BY ADMIN

How the IRA persuaded a Jordanian solar firm to invest in the U.S.

The Inflation Reduction Act (IRA) opened a new door for solar manufacturers, as one of the executives behind a Philadelphia Solar to bring PV production to the U.S. explains.

here is no question the Inflation Reduction Act has been financially attractive for solar manufacturers, opening a door to opportunity that has never existed before.

For manufacturers, the bill contains tax incentives for domestic fabrication, including an increase in the investment tax credit available, from 30% to 40% for projects using domestic content, as well as production tax credits linked to specific products. But the real benefit is the timeframe, which extends the bill’s credits and incentives for 10 years, making manufacturing investment tenable for the first time.

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