First Solar to Utilize Inflation Reduction Act with $700 Million Tax Credit Sale to Fiserv

Solar panel manufacturer First Solar (FSLR.O) revealed its intention on Wednesday to sell up to $700 million in tax credits accrued from the sale of photovoltaic (PV) solar modules this year. The buyer in this financial transaction is payments firm Fiserv (FI.N). Under the recently established guidelines of the Inflation Reduction Act (IRA), First Solar