Sep. 3, 2024
JinkoSolar's Florida Factory Receives U.S. Tax Credit Under IRA
TMTPOST – JinkoSolar, a leading photovoltaic module manufacturer, has announced that its Florida-based factory has received a tax credit under the U.S. Inflation Reduction Act (IRA). This marks the first time a Chinese photovoltaic company has secured clean energy incentives in the U.S. The news was revealed during JinkoSolar's earnings call, highlighting a significant milestone for the company. The Florida facility, which has an annual production capacity of 400 MW, is now benefiting from U.S. tax incentives designed to promote clean energy projects. This development follows similar confirmations of tax credits for major solar manufacturers such as U.S.-based First Solar Inc. and South Korea's Hanwha Q Cells. The progress underscores the growing presence and advancement of Chinese firms in the U.S. solar production sector.
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