SEG Solar has accomplished its first transaction for the sale of Sec. 45X superior manufacturing manufacturing tax credit, with a complete worth of as much as $50 million. The transaction closed, and the primary funding occurred, on June 6, 2025.
SEG Photo voltaic manufacturing in Texas
The tax credit originate from SEG Photo voltaic’s 2025 module manufacturing at its manufacturing manufacturing unit in Houston, Texas. Beneath the settlement, a U.S. public firm pays SEG a worth of $0.94 per $1.00 of tax credit score worth throughout 4 installments tied to precise manufacturing output and gross sales of photo voltaic modules.
“We’re thrilled to have finalized our first Sec. 45X tax credit score sale, marking a significant monetary milestone for our firm. This transaction supplies us with vital money move, strengthens our monetary place and permits us to additional speed up our funding in U.S. manufacturing,” mentioned Jim Wooden, CEO of SEG Photo voltaic. “By increasing our manufacturing capability and deepening our home partnerships, we’re not solely advancing clear vitality innovation but additionally contributing meaningfully to job creation and long-term financial progress.”
The tax credit are instantly tied to the amount of photo voltaic modules produced in 2025 at SEG’s facility in Houston. With a complete funding exceeding $60 million, the manufacturing facility has achieved an annual manufacturing capability of two GW by way of two totally automated manufacturing traces.
The transaction was facilitated by Moss Adams LLP (n/okay/a Baker Tilly Advisory Group).
Information merchandise from SEG Photo voltaic
