In a significant advancement for the solar industry, Nevados has announced that its All Terrain Tracker™ will soon fully qualify as domestic content for the U.S. market, enabling solar developers to access additional tax credits under the Inflation Reduction Act. The company plans to begin accepting orders for these domestically produced trackers in the fourth quarter of 2024, with shipments commencing by the second quarter of 2025.
The All Terrain Tracker™ is engineered to facilitate solar installations on hilly and uneven terrains without the need for extensive land grading, thereby reducing both time and costs associated with site preparation. Third-party analyses have demonstrated that Nevados’ tracker installs faster than other leading products, offering a more efficient solution for solar developers.
In 2023, Nevados partnered with Priefert Manufacturing in East Texas to fabricate key components from American-made steel, reinforcing the company’s commitment to a robust domestic supply chain. This collaboration not only ensures compliance with domestic content requirements but also enhances production reliability, reduces shipping times, and lowers the overall carbon footprint for customers.
By aligning with the Treasury’s elective safe harbor and direct cost requirements, Nevados’ domestic content trackers will help developers qualify for a 10% domestic content tax credit, in addition to the standard 30% investment tax credit. To be eligible, all manufacturing processes for steel and iron components, as well as 40% of manufactured products, must occur within the United States.
This initiative underscores Nevados’ dedication to providing flexible and optimized solutions for its customers, regardless of component origin. As CEO and Founder Yezin Taha stated, “We will continue to optimize our systems wherever the components are made, and give customers the maximum flexibility they have come to expect from Nevados.”
The partnership with Priefert Manufacturing exemplifies the positive impact of the Inflation Reduction Act, fostering new domestic energy sources and creating manufacturing jobs in small-town America. By the end of 2024, Nevados aims to have shipped enough trackers to support over a gigawatt of solar generating capacity in the U.S., contributing significantly to the nation’s renewable energy goals.
For more information on Nevados’ domestic content trackers and their benefits, please refer to the official press release.
