PV Module The connection and lamination of photovoltaic cells into an environmentally protected final assembly that is suitable to generate electricity when exposed to sunlight, and ready for installation without an additional manufacturing process.7¢ per W dc
.07 x 720MW Loi (720,000,000) = $50M Approx. SUMMARY OF ELIGIBLE COMPONENTS FOR ADVANCED MANUFACTURING PRODUCTION TAX CREDIT (above)
Started receiving letters of intent for our solar panel factory and have commitment LOI for upto 60MW per month for our USA made panels that's 720MW of our annual production of 1GW $SNPW#SOLAR#Energy#1GWpic.twitter.com/cZyYDM3UOJ
— Sun Pacific Power (Renewable Energy Solutions) (@SunPacificPower) October 24, 2022
SNPW is set up for high levels of government financial support on the company's upcoming solar technology manufacturing plant because of the clean energy provisions in the huge Inflation Reduction Act of 2022. The timing of this should work out very well for the SNPW game plan in 2023 and beyond.
Manufacturers are eligible for two federal tax credits that support clean energy manufacturing in the United States: the Advanced Manufacturing Production Tax Credit (45X MPTC) and the Advanced Energy Project Investment Tax Credit (48C ITC). The 45X MPTC provides tax credits for each clean energy component domestically produced, while the 48C ITC provides a tax credit for purchasing and commissioning property to build a manufacturing facility.
The 45X MPTC was established and the 48C ITC was expanded, as part of the Inflation Reduction Act of 2022.
$SNPW> Invictus confirms that the preferred funding partner(s) will be formally endorsed to the complete suite of policies so that in the event of a successful claim the underwriters will be legally obligated to settle the monies directly to that funder.