Domestic Content Bonus Update
Challenge
The Treasury Department's initial guidance for the domestic content bonus under the Investment Tax Credit (ITC) and Production Tax Credit (PTC), and the successor technology neutral framework, excluded U.S.-made wafer components in its calculation. This oversight jeopardized investments in domestic wafer production necessary for building a robust and competitive advanced manufacturing supply chain in the U.S.
Solution
After two years of tireless advocacy, BSP's Solar Team successfully influenced the Treasury Department to update its guidance to include wafer components in the domestic content bonus calculation. This critical policy change supported substantial investments in domestic wafer production by major clients such as QCells and Corning/Hemlock.
The milestone achievement demonstrates BSP's unmatched expertise and perseverance, reinforcing the firm’s leadership in delivering meaningful policy wins that drive growth in American manufacturing. This success highlights BSP's ability to foster impactful partnerships and reshape industry landscapes for a more secure energy future.