WASHINGTON, D.C. — Today the Biden administration announced new trade measures and policy guidance intended to support America’s clean energy industry and uplift domestic manufacturers. The administration also released long-awaited guidance on the Inflation Reduction Act’s domestic content bonus credit, one of the major policies driving clean energy manufacturing growth in America.
Following is a statement from Abigail Ross Hopper, president and CEO of the Solar Energy Industries Association (SEIA) on the administration’s announcement:
“SEIA commends the Biden administration for taking action to support manufacturers throughout the U.S. solar and storage supply chain.
“The added clarity on the domestic content bonus credit has been a top SEIA priority because it’s crucial to give manufacturers the certainty they need to invest in American communities. We appreciate the administration’s approach to making sure this bonus credit helps downstream manufacturers in the near term as we ramp up production of upstream components over the next several years. We also want to commend the administration for taking initial steps to clarify how residential and commercial installations can qualify for these incentives.
“The administration took another step to support American solar module manufacturers by raising the Section 201 tariff rate quota on cells, as needed. This move provides an important bridge for module producers to access the supply they need while the United States continues to advance solar cell manufacturing. Today’s decision will help create a strong, stable module manufacturing sector that can sustain robust cell production in the long run. We also appreciate the recognition that businesses will need additional time to adjust to the changes to the bifacial module exemption, helping to mitigate further disruptions.
“This guidance comes at a critical time as domestic manufacturers look to build out the solar supply chain and follow through on their investments. Today’s announcement from the Biden administration underscores their commitment to building a resilient solar manufacturing base in America. We’re grateful for their continued efforts to work alongside industry to implement policies that support solar and storage manufacturers.”
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