SolarEdge Announces Sale of $45X Advanced Manufacturing Tax Credits
11/05/24, 12:49 PM
Location
herzliyaMoney
$40 million
Industry
solar
renewable energy
energy
Type
contract
SolarEdge Technologies, Inc. announced the closing of its first transaction for the sale of §45X Advanced Manufacturing Production Tax Credits, amounting to approximately $40 million. The tax credits were backed by 'Made in the U.S.A.' solar inverters and were generated from the sales of inverters produced in the first half of 2024 at SolarEdge’s facilities in Austin, Texas and Tampa, Florida.
Company Info
Location
herzliya, tel aviv, israel
Additional Info
SolarEdge is a global leader in smart energy technology. By leveraging world-class engineering capabilities and with a relentless focus on innovation, SolarEdge creates smart energy solutions that power our lives and drive future progress.
Established in 2006, SolarEdge developed the DC optimized inverter solution that changed the way power is harvested and managed in photovoltaic (PV) systems. The SolarEdge intelligent inverter solution maximizes power generation while lowering the cost of energy produced by the PV system, for improved RoI.
Continuing to advance smart energy, SolarEdge addresses a broad range of energy market segments through its diversified product offering, including residential, commercial and large scale PV, battery storage and backup solutions, EV charging, home energy management, grid services and virtual power plants, and uninterrupted power supply (UPS) solutions
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