SEG Solar has completed its first transaction for the sale of Sec. 45X advanced manufacturing production tax credits, with a total value of up to $50 million. The transaction closed, and the first funding occurred, on June 6, 2025.
SEG Solar manufacturing in Texas
The tax credits originate from SEG Solar’s 2025 module production at its manufacturing factory in Houston, Texas. Under the agreement, a U.S. public company will pay SEG a price of $0.94 per $1.00 of tax credit value across four installments tied to actual production output and sales of solar modules.
“We are thrilled to have finalized our first Sec. 45X tax credit sale, marking a major financial milestone for our company. This transaction provides us with significant cash flow, strengthens our financial position and enables us to further accelerate our investment in U.S. manufacturing,” said Jim Wood, CEO of SEG Solar. “By expanding our production capacity and deepening our domestic partnerships, we are not only advancing clean energy innovation but also contributing meaningfully to job creation and long-term economic growth.”
The tax credits are directly tied to the volume of solar modules produced in 2025 at SEG’s facility in Houston. With a total investment exceeding $60 million, the manufacturing facility has achieved an annual production capacity of 2 GW through two fully automated production lines.
The transaction was facilitated by Moss Adams LLP (n/k/a Baker Tilly Advisory Group).
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