Summer 2023 Solar Industry Update

Solar Tax Credit Summary and Status Tax Credit Value End Year Treasury Initial Guidance Advanced Manufacturing Production Tax Credit (MPTC, 45X) Varies by component 2032 [none yet] 30% Additional Guidance from Advanced Energy Project Credit (48C)* Production Tax Credit (PTC, 45(d)/45Y)* Investment Tax Credit (ITC, 48/48E)* Residential Clean Energy Credit (25D) *Values could be reduced by a factor of ас 5 for facilities ≥ 1 MW ac that fail to meet labor rules N/A ($10B total) IRS/MESC 2.75 €/kWh* + bonus 2035* Labor Rules Energy Communities Bonus Low-Income Community Bonus 30% + bonus 2035* Domestic Content Bonus 30% 2033 *Adjusted for inflation *could be extended FAQs on energy efficient home improvements and 25D Direct Pay and Transferability, including FAQs

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