SEG Solar Completes First Sale Of Section 45X Tax Credit, Marking Key Milestone In U.S. Clean Energy Incentives
SEG Solar, a U.S.-based photovoltaic (PV) module manufacturer, has successfully completed its first transaction involving the sale of Section 45X Advanced Manufacturing Production Tax Credits, which have a total value of up to $50 million. The deal was finalized, and the initial funding was received on June 6, 2025. These credits are associated with SEG Solar’s 2025 solar module production at its advanced manufacturing facility in Houston, Texas.
According to the agreement, a U.S. public company will purchase the credits from SEG at a rate of $0.94 for every $1.00 of credit value. Payments will be made in four installments, each tied to actual module production and sales output.
Jim Wood, CEO of SEG Solar, expressed his enthusiasm, stating, “We are thrilled to have finalized our first Section 45X tax credit sale, marking a major financial milestone for our company. This transaction provides us with significant cash flow, strengthens our financial position, and enables us to further accelerate our investment in U.S. manufacturing. By expanding our production capacity and deepening our domestic partnerships, we are not only advancing clean energy innovation but also contributing meaningfully to job creation and long-term economic growth.”
This transaction represents a pivotal step in SEG’s ongoing strategy to expand its domestic manufacturing capabilities and bolster a more resilient U.S. solar supply chain. It also reflects growing confidence in both SEG’s production capabilities and the Section 45X tax credit transfer process, particularly as it pertains to U.S.-made clean energy technologies.
SEG’s Houston facility is a significant investment totaling over $60 million and features two fully automated production lines, with an annual output capacity of 2 gigawatts. This scale of production allows SEG to provide developers and project owners with reliable, high-quality solar modules that contain a substantial amount of domestic content, further reinforcing its role in advancing clean energy infrastructure across the United States.
Original article by NenPower, If reposted, please credit the source: https://nenpower.com/blog/seg-solar-achieves-milestone-with-first-sale-of-section-45x-tax-credit-in-u-s-clean-energy-sector/
