Schneider Electric has partnered with Crux to secure Silfab Solar’s inaugural Section 45X Advanced Manufacturing Production Tax Credits, enhancing American solar manufacturing for both commercial and residential use. The Inflation Reduction Act introduced a transferable tax credit market, allowing clean energy developers like Silfab to trade credits for cash, driving private sector investments in energy infrastructure. Schneider Sustainability Business facilitated this collaboration, managing billions in annual corporate tax liabilities and advising on tax credit opportunities. Crux, a sustainable finance technology firm, played a vital role in connecting Silfab Solar and Schneider Electric, revolutionizing clean energy project financing in the US through its Transferable Tax Credit Market Intelligence Report, projecting significant market growth.
Crux facilitates Schneider Electric’s tax credit purchase
Schneider Electric’s purchase of Silfab Solar’s tax credits aids in expanding American solar energy manufacturing. (Image Credit: Schneider Electric)
R3 Renewables aims to power 850,000 homes with solar and battery storage across the Midwest. (Image Source: RWE)
The INR1,080 crore infrastructure projects are enhancing Ladakh’s power supply under the Revamped Distribution Sector Scheme. (Image Credit/Source: Pixabay/Pexels)
Solar arrays on tracking racks to maximize output at Mink Solar’s 140 MW project in Ohio. (Image Credit/Source:Kelly/Pexels)
The company currently operates 50 MW of solar capacity and has 283 MW in development in the Valencian region. (Image Source: Castillo Engineering)