All US-made photo voltaic panels featured solely imported photo voltaic cells till now, however two US producers simply struck a three-year, $400 million deal. 

Canada-headquartered Heliene, which makes photo voltaic panels in Minnesota, will incorporate Georgia-based Suniva’s US-made monocrystalline silicon photo voltaic cells into its panels, and people “Made within the USA” panels will hit the market in mid-2024, due to a brand new three-year strategic sourcing contract between the 2 firms.

Heliene’s modules would be the first crystalline photo voltaic panels with US-made photo voltaic cells. Suniva says the catalyst for the pairing was photo voltaic challenge house owners and builders wanting their initiatives to qualify for the ten% Home Content material Bonus Funding Tax Credit score. That’s achieved through the use of US-made cells based mostly on the US Division of Treasury’s steering printed in Might 2023 – and that’s along with the 30% IRA tax credit score for renewable power factories.

US Treasury Secretary Janet Yellen, who visited Suniva’s Norcross, Georgia, manufacturing facility yesterday, mentioned, “Earlier than this Administration, photo voltaic firms throughout america had been struggling. Between 2016 and 2020, practically 20% of photo voltaic manufacturing jobs had been misplaced. Now, although there stay vital challenges, Inflation Discount Act tax credit are serving to change the sport.”

Cristiano Amoruso, CEO of Suniva, mentioned, “We’re proud to meet our long-standing promise to carry again cell manufacturing to america at our Norcross facility.”

Learn extra: The US’s oldest photo voltaic manufacturing facility filed for chapter in 2017 – however now it’s again

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