$SNPW> The U.S. House of Representatives passed a bill on May 22, 2025, referred to as "The One, Big, Beautiful Bill," which modifies but preserves the §45X Advanced Manufacturing Production Tax Credit (PTC) among other clean energy credits. The bill does not eliminate the §45X credit, allowing it to continue supporting domestic manufacturing of clean energy components like solar, wind, battery components, and critical minerals. However, the bill imposes limitations, notably ending transferability of the §45X credit after 2027 and introducing restrictions on credits involving "material assistance" from prohibited foreign entities (PFEs). Additionally, the credit for wind manufacturers is set to phase out earlier, in 2028, and the overall §45X credit is scheduled to end for all components after December 31, 2031. While the preservation of the §45X credit is a win for domestic clean energy manufacturing, the bill's restrictions and phase-outs have raised concerns about their impact on the industry.

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BREAKING: House passes bill preserving core clean energy drivers!
Among SURVIVING CREDITS is the §45X Advanced Manufacturing PTC—vital for scaling domestic clean tech production and bolstering U.S. energy security. Huge win for industrial decarbonization. #45X #Energy
2:43 PM · May 22, 2025
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