Enhancing Solar Inverters for Optimal IRA Tax Credits
Enteligent takes a significant stride in reshaping the solar industry landscape through proposed guidance under the Inflation Reduction Act (IRA). The guidance, part of the Advanced Manufacturing Tax Credit (45X MPTC), levels the tax benefits for solar inverter and microinverter suppliers. To qualify, solar inverter suppliers must integrate photovoltaic (PV) module-level power optimizers. Enteligent’s NMAX Optimizer, the sole PLC optimizer integrated with a DC-coupled PV inverter system, positions solar inverter suppliers to capitalize on benefits, fostering corporate competitiveness and boosting US-based manufacturing.
Empowering Solar Inverter Suppliers
Enteligent emphasizes the importance of incorporating PV module-level power optimizers within a comprehensive system solution to maximize tax credit benefits. Executives from Enteligent will be present at the Intersolar North America conference to solidify plans and collaborate with industry representatives to leverage this new policy.
Addressing Inequities in IRA Incentives
Current IRA incentives favor microinverters at 11 cents per watt, disadvantaging US-built residential and commercial inverters. The proposed 45X MPTC guidance aims to rectify this, extending the same incentive to DC-optimized inverter systems complying with “Made in the USA” criteria. Enteligent’s NMAX Optimizer, a plug-and-play PLC optimizer, offers advanced functionality at a competitive price without requiring a proprietary communications network.
Financial Flexibility and Onshoring Initiatives
The IRA provides financial flexibility through tax incentive transference, allowing solution providers to sell unused credits to other US-based businesses. Enteligent, aligned with the 45X MPTC’s goal of encouraging US-manufactured products, collaborates to reshore manufacturing, utilizing its proprietary PV module-level power optimization technology.
Role of PV Module Optimizers in Increasing Efficiency
PV module optimizers play a crucial role in boosting energy efficiency in PV solar installations. Enteligent’s NMax optimizers result in a 10% increase in electricity production from typical rooftop solar installations. Beyond power optimization, they offer rapid shutdown device (RSD) capability and panel-level performance data through PLC.
Source：businesswire.com
