SolarEdge Technologies, Inc. welcomed the U.S. Department of the Treasury’s release of final rules for the Advanced Manufacturing Production Tax Credit, Section 45X. This credit supports the company’s rapid expansion of U.S. manufacturing capabilities.
The final rule positively impacts SolarEdge’s U.S. operations, with two facilities now operational and producing inverters and power optimizers. The Austin, Texas facility reached a quarterly manufacturing run rate of 50,000 residential Home Hub Inverters in Q2 2024 and has continued to ramp up production.
The Tampa, Florida facility began shipping Domestic Content Power Optimizers in Q2 2024 and is expected to reach a production capacity of approximately 2 million per quarter in Q1 2025. This facility is also adding commercial inverter and Power Optimizer production starting in Q1 2025, enhancing domestic supply chain reliability and American energy independence.
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