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SolarEdge Technologies has closed its first transaction for the sale of §45X Advanced Manufacturing Production Tax Credits for approximately $40 million, net of discounts and fees. 

The credits were generated by sales of eligible, domestic-manufactured inverters in the first half of this year. .

“The Inflation Reduction Act and new §45X of the U.S. Internal Revenue Code have made it possible to bring high value energy technology manufacturing back to the United States, and we are pleased to announce our first sale of §45X tax credits backed by ‘Made in the U.S.A.’ solar inverters,” says Ronen Faier, interim CEO of SolarEdge.

“This sale represents an important milestone in the maturation of the §45X credit transfer market and demonstrates the marketability of credits backed by U.S. made inverter technology.”

The tax credits were generated from the sale of inverters produced earlier this year at SolarEdge’s facility in Austin, Texas. The facility reached a target quarterly run rate of 500 MW of inverter production in the second quarter of 2024, produced 500 MW in the third quarter and is expected to ramp production in Q4, says the company.

SolarEdge’s second U.S. facility near Tampa, Fla. began shipping Power Optimizers in Q2 of this year and is expected to reach a production capacity of approximately two million per quarter, the company adds. The facility is adding commercial inverter and Power Optimizer production starting next year.

The transaction was facilitated by the Crux Climate platform.

The post SolarEdge Closes First Section 45X Credit Sale appeared first on Solar Industry.

SolarEdge Closes First Section 45X Credit Sale

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Indoctrinating Children into Religion

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All I can say about the me here is that personally I refused, against considerable pressure from my family, to indoctrinate my children into something I myself could not accept.

Is it actually “psychological abuse” to indoctrinate children into monotheistic religion?  Whether to take it that far is an open question.

My parents, both atheists, sent my brother and me to Sunday School, as they thought it wrong to cut us off from a modality of growing up in America in the early 1960s.  I don’t blame them, but again, it’s not something I was willing to replicate with my own children.

Indoctrinating Children into Religion

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Renewable Energy

Republicans’ Last-Ditch Effort to Lie to Voters

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In less than a month, we’re going to learn how many idiots are buying this socialism crap.

Sure, there are people who don’t know anything about the way people live in northern England, New Zealand, Costa Rica, etc.  Most of these people couldn’t find these countries on this globe.

But how many can there possibly be?

Clearly, Republicans are desperate, but isn’t asking voters to believe that the Swedes have to rely on the government for their job, salary, and food a bit over-the-top?

Republicans’ Last-Ditch Effort to Lie to Voters

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Renewable Energy

America in Collapse

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I got the meme here from a neighbor, but I wonder who actually wrote it.  There is a ton of propaganda on social media suggesting that we need to normalize the sociopathic criminality of the U.S. president.

It’s true that not every election is an apocalypse, but 2024 was disastrous for the U.S. democracy.

Yes, the country did not end.  But it took a giant leap towards authoritarianism.

Even that’s not the end of the world.  Democracies fail with great frequency on this planet.  I just never thought I’d be living in the biggest socio-political collapse in the last 2000 years.

In an average week, I meet quite a few travelers here from lands all around this planet.  Their most common thoughts on what’s happening here: “We simply feel sorry for you.”

America in Collapse

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