ACP Statement on Treasury Issuing Final Rules for 45X Advanced Manufacturing Tax Credits

The American Clean Power Association (ACP) released the following statement from ACP Chief Advocacy Officer JC Sandberg after the U.S. Department of Treasury issued a final rule for the Advanced Manufacturing Production Tax Credit (45X MPTC), which applies to clean energy components made in the United States: 

“ACP commends the Treasury Department and IRS for finalizing the advanced manufacturing tax credits that are driving historic levels of investment in domestic clean energy manufacturing.  

“The finalization of the 45X regulations provides American businesses with the certainty they need to continue building domestic supply chains that strengthen the country’s energy independence, create tens of thousands good paying American jobs, and boost the nation’s economy.” 

According to ACP’s Clean Energy Investing in America report, since August 2022 federal tax credits have helped drive:  

• More than 160 new or expanded utility-scale clean energy manufacturing facilities announced in the U.S. 

• More than one-quarter (44) of these facilities are already operational, creating 20,000 new American manufacturing jobs. 

• More than $60 billion in new private sector capital investment directed toward domestic clean energy manufacturing. 

ACP | cleanpower.org