Manufacturing tax credits for inverters, trackers consisted of in upgraded Build Back Better draft
- The US Senate Finance Committee has actually consisted of producing incentives for residential manufacturers of solar trackers and also inverters in its draft version of the country's Build Back Better (BBB) budget reconciliation bill.
Released on 11 December, the draft broadens the sophisticated manufacturing production credit component of the bill, which additionally includes assistance for the domestic manufacture of solar modules, cells, wafers as well as solar-grade polysilicon.
The updated text sees credits for those continue to be at the same rate as the previous version, however with a phaseout delayed by two years, from 2026 to 2028, which would also put on tracker devices and inverters.
Under the proposals from the money committee, the tracker producing tax credits would certainly be:
- Torque tubes: 87 cents per kilogramme
- Longitudinal purlins: 87 cents per kilogramme
- Structural fasteners: US$ 2.28 per kilogramme
On the other hand, inverter tax credits would certainly be the following:
- Central inverters (> 1MW): 2.5 cents/ W.
- Utility inverters (> 170kW and ≤ 1 MW): 1.5 cents/ W.
- Commercial inverters (≥ 20kW and ≤ 170kW): 2 cents/ W.
- Residential inverter (≤ 20kW): 6.5 cents/ W.
- Microinverters (≤ 650W): 11 cents/ W.
As Senate Democrats proceed their arrangements on BBB, it is unclear just how much of the bill's solar production motivations will certainly be consisted of, with the event needing all 50 of its Senators to offer their backing to get it passed.
Other solar assistance procedures consisted of in the package are an expansion and growth of the investment tax credit (ITC)-- which would certainly also be offered for standalone power storage space systems-- in addition to a revival of the production tax credit (PTC) for solar plants.