$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.
Federal Tax Credits for Solar Manufacturers
https://www.energy.gov/eere/solar/federal-tax...ufacturers
From the article:
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.
Federal Tax Credits for Solar Manufacturers
https://www.energy.gov/eere/solar/federal-tax...ufacturers
From the article:
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.
