US Treasury Confirms 25% Tax Credit for Solar Ingot and Wafer Production under CHIPS Act

The US Treasury has announced that solar ingot and wafer manufacturing facilities will qualify for a 25% investment tax credit under the CHIPS and Science Act of 2022. The final rules, issued on Tuesday, clarify that semiconductor wafer production includes wafers used for photovoltaic solar energy generation. Facilities starting construction before the end of 2026