New 45X Guidelines Confirm Nevados’ Eligibility for Additional Tax Credit

December 19, 2023
By Editorial Team

As we expected, the updated guidelines for the Advanced Manufacturing Tax Credit (section 45x of the Inflation Reduction Act) apply a “substantial transformation” test for determining what counts as U.S. manufacturing, in order to qualify for the additional tax credits that the law offers for made-in-the-USA domestic content. 

We now have confirmation that several of our key Nevados all-terrain tracker components will indeed qualify for the advanced manufacturing tax credit. This means we are already producing and shipping American-made steel torque tubes and structural fasteners that will help our customers meet these stringent requirements. 

We’re excited to continue to scale our U.S. manufacturing operations, ensuring lower shipping emissions, avoiding delays, and creating great jobs in communities like Mount Pleasant, Texas. To see a sample of what this looks like for American workers and communities, please see the video below of the Priefert Steel factory where we’re now manufacturing, 120 miles east of Dallas.

We welcome your questions and look forward to working with our customers to maximize the tax incentives for which they can now qualify. Please contact us to learn more.


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Products & Services
Chief Commercial Officer

Jenya Meydbray

Jenya is the Chief Commercial Officer of Nevados, prior to that he co-founded PVEL in 2010 and served as CEO for the past dozen years. 

He developed the first extended reliability and performance test protocols for the downstream PV industry as well as innovative methods of evaluating PV performance for power plant level risk assessment and mitigation. 

Prior to founding PVEL, Jenya was the Senior Quality and Reliability Engineer at SunPower where he designed accelerated test methods for high-efficiency solar cells and modules. Jenya began his career at NASA Ames Research Center’s hyper-gravity facilities. He also served as VP of Technology for Cypress Creek Renewables, a utility-scale project developer.


Rick Baldini

Rick has over 18 years of finance experience across several industries including financial services, insurance, real estate, and construction.  Rick is experienced in building, leading, and advising companies through complex restructurings, business expansion and product development.  

Prior to Nevados, Rick was the CFO for Link Real Estate & Urban Land Co, a real estate investment firm, that Rick led to become the fastest growing private company in Central Ohio.  Rick has also been successful in structuring a multi-million-dollar licensing deal with a public company while CFO at Global Administration Management, a boutique consulting firm in the insurance industry.

Rick is a graduate of the University of Arizona where he received a B.S. in Finance and Marketing.