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Tax Credits for US Solar Energy Component Manufacturers

This act introduces new tax credits for companies manufacturing solar panel components within the United States. The goal is to support local production and create jobs in the renewable energy sector, potentially impacting the availability and cost of solar technology for citizens in the future.
Key points
Companies producing solar panels and their parts in the US can receive tax credits for each unit manufactured.
The credit amount depends on the type of component (e.g., cell, module) and is expressed in cents per watt or dollars per square meter/kilogram.
The credit program will be phased out after 2028 and completely cease after 2030.
To claim credits, companies must register with the tax authority and meet US production requirements.
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Additional Information
Print number: 117_S_2140
Sponsor: Sen. Ossoff, Jon [D-GA]
Process start date: 2021-06-21
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Summarized by: gemini-2.5-flash-preview-05-20
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_S_2140.

Which chamber initiated this legislation?

This legislation was initiated in the Senate.

When did the legislative process begin?

The process officially started on 2021-06-21.

What are the main provisions?

Key points include:

  • Companies producing solar panels and their parts in the US can receive tax credits for each unit manufactured.
  • The credit amount depends on the type of component (e.g., cell, module) and is expressed in cents per watt or dollars per square meter/kilogram.
  • The credit program will be phased out after 2028 and completely cease after 2030.
  • To claim credits, companies must register with the tax authority and meet US production requirements.
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 Sen. Ossoff, Jon [D-GA].

What is the latest detailed status?

The latest detailed status is: Introduced in Senate

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2025-12-29.

CATEGORIES

Taxes Environment Economy