First Solar, Inc. announced on June 24, 2025, the sale of $312 million of Section 45X tax credits generated during 2025. The transaction resulted in cash proceeds of $296 million for the company.
In connection with this sale, First Solar recognized a loss of $16 million on the transaction. This monetization of tax credits provides liquidity, which is important for funding ongoing operations and strategic investments.
The sale of these advanced manufacturing production tax credits, while incurring a loss, is part of First Solar's strategy to manage its financial resources and leverage government incentives for domestic production. It reflects the company's ongoing efforts to optimize its financial position.
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