California-based SolarEdge Technologies announced its first sale of §45X Advanced Manufacturing Production Tax Credits, generating approximately $40 million from US-produced inverters sold in the first half of 2024. This sale, facilitated by the Crux platform, supports SolarEdge’s US manufacturing investments, specifically in its Austin, Texas facility, which achieved 500 MW of inverter production in Q3 2024. The company’s second US facility, located in Tampa, Florida, began shipping Power Optimizers and aims to expand its production line to commercial inverters by 2025.
SolarEdge closes $40M transaction on §45X tax credits for US production
The Crux platform facilitated SolarEdge’s first sale of §45X tax credits, generated by U.S. inverter production in 2024. (Image Credit?Source: PublicDomainPictures/Pixabay )
With advanced cybersecurity and a 15-year warranty, Enphase’s IQ8 Microinverters are set to offer long-lasting value in Romania. (Image Source: Enphase Energy)
CEC’s IEC certifications ensure Hanersun modules withstand tough Australian environmental conditions. (Image Source: Hanersun)
Solar Simplified’s subscription management expertise aims to reduce high churn rates for LastMile Energy’s PV projects in Massachusetts. (Image Source: Solar Simplified)
Astronergy emphasized the importance of regulatory clarity to foster clean energy at Expo Solar Perú 2024. (Image Source: Astronergy)