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)
Three new solar projects from Recurrent Energy will supply 34,000 UK homes, cutting CO2 emissions by 31,000 tons annually. (Image Source: Recurrent Energy)
The ISO 14068 certification at DMEGC Solar’s Lianyungang base exemplifies sustainable practices in the photovoltaic sector. (Image Source: PRNewswire)
Aiming to support Malaysia’s 31% renewable goal by 2025, Masdar’s study could pave the way for large-scale floating solar in Southeast Asia. (Image Source: Masdar)
Avangrid’s Camino Solar project will generate power for approximately 14,000 US homes and is expected to create $15 million in local tax revenue. (Image Source: Avangrid)