SolarEdge announced that it has achieved significant milestones in the company’s U.S. manufacturing strategy, driven by the incentives offered by the IRA.
SolarEdge now manufactures in the US through global electronics contract manufacturers. The first factory in Austin, Texas opened in late 2023 and reached a production rate of 50,000 residential Home Hub inverters in the second quarter of 2024. After opening a second factory in Seminole, Florida, the company recently shipped its first 20,000 Home Hub inverters. Power Optimizers for “domestic content” in Q2 2024.
View SPW’s list of domestic solar inverter manufacturers here.
When fully operational, the Florida plant is expected to produce approximately 2 million Power Optimizer units for domestic content per quarter, with plans to begin commercial production of inverters and Power Optimizer in early 2025.
“As a global company, we are proud to invest in American manufacturing and contribute to American economic growth by bringing more technology expertise and jobs to American soil,” said Zvi Lando, CEO of SolarEdge. “Through our U.S. Manufacturing Strategy, we play a critical role in advancing America’s energy independence and security by ensuring the domestic solar industry has access to the essential and best-in-class technologies that drive power output, efficiency and safety to increase.”
Between its two manufacturing facilities in Texas and Florida, SolarEdge has already helped create ~1,500 new jobs, with this expected to increase to ~1,750 jobs across the two facilities by the end of 2024.
The company also announces its intention to produce DC optimized inverter systems for residential applications that meet the requirements of the definition of domestic content currently set by the Ministry of Finance in the fourth quarter of 2024, and for commercial applications in early 2025 This will enable such SolarEdge applications. systems to qualify for the full 35.6% of domestic content provided by a module-level power electronic (MLPE) system and to support its customers’ ability to meet the required 40% domestic content threshold to gain access to additional tax benefits in residential and commercial solar installations.
“SolarEdge’s commitment to serving the U.S. market through 100% domestic production is a strategic move that aligns with our Inflation Reduction Act plan,” said Bertrand Vandewiele, general manager of SolarEdge in North America. “This initiative will create thousands of new jobs, build a robust workforce, strengthen the local economy and deliver significant economic benefits to the states and cities where we operate. As a leading provider of residential and commercial solar technology, it is important to us to provide our installation network with faster access to domestic technology, enabling a world-class experience for our installers and their customers.”
News item from SolarEdge
