The U.S. Department of the Treasury today released the final rule on the 45X tax credit, a production tax credit meant to grow domestic manufacturing for solar, wind, batteries, and critical materials. Federal investments and tax credits in manufacturing and climate action—made possible by the Biden-Harris administration’s Inflation Reduction Act—have the potential to create 900,000 jobs by 2032. 

Following the announcement, the BlueGreen Alliance issued the following statement from Executive Director Jason Walsh:

“These credits are what the nation needs to grow the domestic clean manufacturing supply chain. A robust domestic supply chain for clean technologies means more domestic manufacturing jobs. It also means faster climate action, as increased supply of these products contributes to faster deployment of emissions-reducing technologies. 45X is a pivotal part of the Biden-Harris administration’s industrial strategy, and we expect it to deliver big results for jobs and clean energy.”