Clean Energy Production Support Under Inflation Control Act – pv magazine USA

This historic level of investment is key to achieving America’s manufacturing independence and clean energy security.

July 29, 2022Anne Fisher

Thin film CdTe solar panels from Toledo Solar manufactured in the USA.

Image: Toledo Solar

signed by President Biden late last year presidential order This included goals such as achieving 100% carbon-free electricity by 2030 and 100% zero-emission vehicles by 2035. Achieving these goals will require a greater reliance on China, which carries a large portion of his solar and renewable energy supply chain. Among the downsides of reliance on imports are the fact that China’s manufacturing sector employs low costs or forced labor, and the fact that manufacturing facilities are powered by electricity produced from coal-fired power plants. included.

The 2022 Inflation Reduction Act includes $370 billion in renewable energy and climate spending. The bill includes his more than $60 billion in domestic manufacturing across the clean energy supply chain, including clean energy vehicles. This historic level of investment is key to achieving America’s manufacturing independence and clean energy security.

What does the US manufacturing bill include?

• A $30 billion investment in production tax credits to accelerate domestic manufacturing of solar panels, wind turbines, batteries, and critical mineral processing.
• $10 billion investment tax credit for building clean technology manufacturing facilities, including facilities that manufacture electric vehicles, wind turbines and solar panels
• $500 Million in Defense Production Act for Heat Pumps and Critical Mineral Processing
• $2 billion grant to retrofit existing auto manufacturing facilities to produce cleaner vehicles
• Up to $20 billion in financing to build new clean auto manufacturing facilities across the United States
• $2 Billion for National Labs to Accelerate Groundbreaking Energy Research

Tax credits for the entire solar supply chain included:

• Manufacturing credit: 100% by 2029, 75% by 2030, 50% by 2031, 25% by 2032.
• Thin film and crystalline solar cells: $0.04 per cell capacity in Wdc.
• Photovoltaic wafer: $12/sq. meter.
• Solar grade polysilicon: $3/kg.
• Polymer backsheet: $0.04/sq. meter.
• Solar modules: $0.07 per module capacity (Wdc).
• Torque tube: $0.87/kg.
• Structural Fastener: $2.28/kg.
• Central inverter: $0.25 per capacity Wac.
• Commercial Inverter: $0.015 per capacity Wac.
• Residential inverter: $0.06 per capacity Wac.
• Microinverter: $0.11 per Wac capacity.
• Battery Module: $10 per kWh of battery module capacity.
• Critical Minerals: 10% of the cost incurred.
• Battery cells: $35 per kWh of battery cell capacity.

“With long-term incentives to deploy and manufacture clean energy, the solar and storage industry is poised to create hundreds of thousands of new jobs and build the next era of America’s energy leadership. This is a momentous opportunity that we cannot afford to miss, and Congress must now sign the deal and pass this bill,” said Abigail Ross Hopper, president of the Solar Energy Industry Association.

The bill is expected to be sent to the Senate floor for a vote as early as next week.

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