Businesses
Government-funded
Varies
Amount varies
Tax Credit
Reduces tax liability
Rolling
No fixed cutoff
Annual tax return
Claim with year-end filing
Moderate
File with tax return
Section 45X provides production tax credits for domestic manufacturing of solar panels, wind turbine components, inverters, battery components, and critical minerals. Credits are paid per unit produced and are fully transferable.
Do I qualify?
Answer the questions below for a rules-based self-assessment of your fit for this program. This is informational — final determinations are made by the administering agency.
1.Components must be manufactured in the United States
2.Eligible: solar cells, modules, wind blades, nacelles, towers, battery cells, modules
3.Credits paid per unit: e.g., $0.03/watt for solar modules, $35/kWh for battery cells
4.No pre-approval needed — claimed on annual tax return
5.Credits are fully transferable — can be sold to tax equity investors
IRS · United States
Allows businesses to deduct up to $5.65/sq ft for commercial buildings achieving significant energy savings through improvements to HVAC, lighting, and building envelope systems. IRA expanded the deduction and allowed non-profits and government to allocate it.
LPO · United States
Offers federal loan guarantees for innovative clean energy projects that struggle to access conventional financing. Supports first-of-kind commercial-scale projects in renewable energy, storage, advanced nuclear, and industrial decarbonization.
NCDOR · North Carolina
Provides state income tax credits for investments in renewable energy equipment and energy efficiency improvements for business properties in North Carolina, stackable with federal ITC.