Heatmap reports on the Inflation Reduction Act's 45X tax credit, quoting United's Harry Godfrey on how this pillar program within the law directly supports advanced energy technologies and benefits U.S. manufacturers producing components up and down their supply chains.
This year may forever be remembered as the start of the American clean energy manufacturing boom.
Since the beginning of 2023, companies have announced more than 150 separate investments in new and expanded factories to manufacture solar panels, wind turbines, batteries, and other clean energy technologies in the U.S., for a total pledged outlay of nearly $60 billion, according to tracking by the nonpartisan group E2. And these factories won’t just be assembling the final products. Entire supply chains have arrived on shore.