in Mississippi. In the US, only Fist Solar has such a vertically integrated solar panel production capability. “We’re the only company at the moment manufacturing products from raw materials to finished solar systems” in the US, Moskowitz says.
The IRA provides $10 billion in tax credits for building new solar manufacturing facilities, plus $30 billion for US manufacturers to make components for solar panels, batteries, wind turbines, and to process the minerals needed for renewable energy technologies and electric vehicles. The law also extended a 30% income tax credit for rooftop solar for 10 years and offers a credit for battery systems that store excess energy when the sun isn’t shining.