Claiming 45X Green Energy Tax Credit

Home > 45X Tax Credit

The Inflation Reduction Act (IRA) of 2022 signaled a push to incentivize and reward companies for climate and green energy-related projects. The IRA funds over a total of $369 billion for introduced programs, making it the most ambitious climate and green energy incentives program to date. A new production tax credit that was introduced with the IRA, the Section 45X Advanced Manufacturing Tax Credit, is a credit for manufacturers of eligible components produced by a taxpayer within the United States and sold to an unrelated party.

45X Tax Credit offers substantial benefits

  • The credit amount varies widely depending on the eligible component produced
  • In the first 5 years that the credit is claimed, taxpayers can elect direct pay regardless of being tax-exempt entities or not
  • Credits are eligible to be transferred fully or partially to a 3rd party taxpayer
  • Credits have a modified 3-year carry-back and up to a 23-year carry-forward period

And more!

Eligibility for 45X

Clean energy component manufacturing that qualify for the 45X include wind, solar, and battery projects, such as PV cells, PV wafers, solar modules, blades, nacelles, inverters, and battery cells and modules, among many others that are made in the United States and sold to a 3rd unrelated party, starting in 2023.

Types of manufacturers eligible for the section 45x manufacturing tax credit

These are not complete lists of eligible projects or industries. To identify all opportunities, you may schedule a free consultation with one of our experts.

Maximize your benefit by hiring an expert

We partner with your business and advisors to provide access to the maximum government incentives. Our team of experts take the time to understand your business in order to align your company to all available federal and state credits and/or grants. Our industry-based expertise and successful track record offer peace of mind knowing you have the highest chance of being approved and receiving the maximum benefit on investment possible. 

Our process – 5 steps to claiming Section 45X

See our 4 step process for claiming section 45X

Start claiming now!

Section 45X is now available to claim on your current tax return for 2023. If you are a non-taxable entity, Ayming USA can calculate your potential credit and help you sell the credit fully or partially to a 3rd party taxpayer.