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Tax Credits for US Solar Energy Component Manufacturers

This act introduces new tax credits for companies manufacturing solar energy system components within the United States. The goal is to support domestic production and develop the renewable energy sector, potentially leading to greater availability and lower prices for solar products for citizens in the future. Companies will be able to deduct specific amounts from their taxes for each component produced and sold, encouraging investment in this industry.
Key points
Companies producing solar panels, cells, wafers, polysilicon, inverters, and solar tracker structural components in the US will receive tax credits.
The credit amount depends on the type and capacity of the manufactured component, e.g., 11 cents per watt for an integrated solar module.
The credit program will be phased out starting in 2029 and will end after 2030, giving companies time to adapt.
Support applies only to components produced and sold after December 31, 2021, within the United States or its possessions.
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Additional Information
Print number: 117_HR_5423
Sponsor: Rep. Kildee, Daniel T. [D-MI-5]
Process start date: 2021-09-29
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Source data: api.congress.gov
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OFFICIAL LEGAL TITLE

Solar Energy Manufacturing for America Act

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 117_HR_5423.

Which chamber initiated this legislation?

This legislation was initiated in the House of Representatives.

When did the legislative process begin?

The process officially started on 2021-09-29.

What are the main provisions?

Key points include:

  • Companies producing solar panels, cells, wafers, polysilicon, inverters, and solar tracker structural components in the US will receive tax credits.
  • The credit amount depends on the type and capacity of the manufactured component, e.g., 11 cents per watt for an integrated solar module.
  • The credit program will be phased out starting in 2029 and will end after 2030, giving companies time to adapt.
  • Support applies only to components produced and sold after December 31, 2021, within the United States or its possessions.
What is the specific legal status?

The current status is Expired.

Where can I read the full text of this legislation?

The full official text is available at: View full text

Who is the primary sponsor?

The primary sponsor is Rep. Kildee, Daniel T. [D-MI-5].

What is the latest detailed status?

The latest detailed status is: Referred to the House Committee on Ways and Means.

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2026-01-02.

CATEGORIES

Taxes Environment Economy