Solar Wafer Makers Can Tap 25% US Tax Credit Under New Rule (1)

Solar ingot and wafer manufacturing projects in the US will qualify for a 25% tax credit under a new rule that could unlock investment in domestic production of the equipment used to make panels.

So far, the US has struggled to foster domestic manufacturing of crystalline silicon wafers, despite a series of plans for new cell- and panel-making factories spurred by the 2022 climate law known as the Inflation Reduction Act. The new Treasury Department rule unexpectedly extends the reach of an investment tax credit created under a separate law known as the US Chips and Science Act that’s meant ...