AET Statement on Treasury Department Guidance on Domestic Content Provisions
June 5, 2023
GREEN COVE SPRINGS, FLORIDA – On Friday, May 12, 2023, the U.S. Department of the Treasury released new guidance on the implementation of the domestic content bonus credit in the inflation Reduction Act (“IRA”). Under the IRA, developers that utilize domestically produced products are eligible for a 10% bonus credit. AET has preliminarily determined that the products listed below meet the requirements of this guidance.
Following is a statement from Brian Gold, President, and CEO of The Solaray Corporation, holding company of AET:
“AET is a proud producers of American-made clean energy products for over 40 years. The Solaray family of companies has long been a manufacturer and supplier of domestically made solar water heating systems,” said Mr. Gold. “We’re proud to be one of the few employee-owned suppliers in the United States and will continue to support small, locally owned businesses that build renewable energy systems that customers can rely on.”
The following products produced by AET are determined to meet Treasury Guidance for Applicable Project components:
- AE/MS liquid flat plate collectors
- Eagle Rail Mounting Hardware