L R AS Published on Saturday 27 August 2022 - n° 413 - Categories:the American PV
SEIA judges the Inflation Reduction Act (IRA)
The Solar Energy Industries Association (SEIA) welcomes the passage of the Inflation Reduction Act (IRA). It believes that this legislation can build a production base that is cost competitive and ensures sufficient demand. Enacted
by President Joe Biden earlier this week, the IRA provides tax credits for the manufacture of photovoltaic components such as panels, cells, wafers, backsheets, silicon, inverters and trackers.
SEIA expects to see significant new investment in domestic solar panel, tracker, inverter and carrier capacity in the next two to three years, followed by further investment in ingot, wafer and cell capacity within three to five years.
Read also: Details of the Inflation Reduction Act (IRA)
Read also: Rystad Energy's assessment of the Inflation Reduction Act (IRA)
According to SEIA, "the US has put in place an industrial policy that will usher in a new era of clean energy manufacturing."New generation capacity can significantly reduce shipping and import costs, insulate the US solar and storage sector from global supply disruptions and help ensure grid reliability.
SEIA notes that while the US currently has the capacity to produce metallurgical grade silicon, silicon, steel, aluminium, reThe SEIA notes that while the US currently has the capacity to produce metallurgical grade silicon, silicon, steel, aluminium, reactors, shelving and racks, the country currently has no domestic ingot, wafer or cell manufacturing capacity and only a modest capacity to produce panels, inverters and solar trackers.
PV Tech of 19 August 2022
