The first significant sale of Advanced Manufacturing Production tax credits (MPTC’s) happened on 12/22/2023 with First Solar, Inc entering into Tax Credit Transfer Agreements (TCTA’s) with Fiserv, Inc. The total value of the Agreements was $700 million, with Fiserv paying $0.96 per $1 of tax credits to First Solar, inclusive of fees and commissions paid by First Solar to the placement agent (Citigroup Global Markets, Inc).
Provides a 2%/10% bonus to the Investment Tax Credit (ITC) and a 10% bonus to the Production Tax Credit (PTC) for projects meeting domestic content requirements.
Provides a 2%/10% bonus to the Investment Tax Credit (ITC) and a 10% bonus to the Production Tax Credit (PTC) for projects meeting domestic content requirements.
Incentivizes U.S. Manufacturing: Drives expansion of PV cell factories, thin film solar production, and battery supply chains. Supports On-Shoring: Encourages domestic sourcing of components, reducing reliance on foreign imports.
Ohio Sunshine has an allocation of domestic TOPCon high efficiency solarcells, steel, encapsulant and glass with clear IP rights.
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