Mercom Insider

First Solar Plans to Offload IRA Tax Credits Worth $700 Million

Fiserv will pay a price of $0.96 per $1 of tax credits to First Solar during the first half of 2024

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U.S.-based solar technology company First Solar has entered into two separate tax credit transfer agreements to sell $500 million and up to $200 million of Inflation Reduction Act (IRA) advanced manufacturing production tax credits to Fiserv, a financial technology services provider.

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