U.S. Domestic Content
Enstall US businesses: IronRidge, EcoFasten and PanelClaw provide pathways via domestic content to maximize investment in clean energy under the IRA
Enstall is strongly committed to promoting domestic content as part of the investment strategies supported by the Inflation Reduction Act (IRA). As the clean energy sector continues to grow, leveraging domestic resources is crucial for maximizing tax credits and fostering a sustainable economy.
The IRA incentivizes businesses who are financing solar projects to invest in clean energy technologies, providing significant bonus tax credits for projects that prioritize domestic manufacturing. By utilizing domestically sourced materials, some businesses can enhance their eligibility for these incentives, ultimately lowering costs and boosting local economies.
“By focusing on domestic content, we are not only meeting eligibility requirements but also supporting American jobs and investments,” said Rich Tiu, CEO of Enstall US. “We believe this approach aligns perfectly with our mission to provide the world with Solar, sooner.”
The benefits of choosing domestic content are clear. Projects that meet the domestic content requirements of the IRA can receive a bonus tax credit of 10%, providing a significant advantage for businesses looking to optimize their investment in clean energy solutions.
Enstall is committed to providing clients with the necessary resources and guidance to navigate the complexities of the IRA and domestic content requirements, so their US businesses: IronRidge, EcoFasten and PanelClaw, are carving out pathways to contribute in meaningful ways to the total content.
One caveat offered by the COO of Enstall US, Corey Geiger, is to carefully vet all claims made about this tax break. “This is an emerging and dynamic situation. To date, the federal guidance is incomplete and allows for various interpretations of what constitutes ‘Domestic Content.’ Because of this, we directly engage with our customers and their tax advisors and consultants to ensure that we fully support their documentation, traceability and other IRS requirements to monetize this important bonus credit. By doing this, we raise their confidence that their projects will earn the Domestic Content Bonus Credit while meeting the rigors of a possible IRS audit.”
Enstall US companies
domestic content strategies:
IronRidge
To review the complete list of domestic content components supported by IronRidge, please visit:
EcoFasten
EcoFasten offers various domestic content racking system components. For more information, please visit:
https://ecofastensolar.com/resources/domestic-content/
PanelClaw
PanelClaw’s clawFR and clawFRplus mounting systems are manufactured in the U.S.A. For more information on leveraging the IRA’s domestic content bonus credit using the clawFR platform components, please visit:
