Summit Ridge, Siemens sign inverter supply deal for US domestic content bonus
- Admin
- Sep 6, 2024
- 1 min read
US community solar developer Summit Ridge Energy has signed a supply deal with German technology conglomerate Siemens for 125MW worth of its US-made inverters. The inverters will be deployed at Summit Ridge’s projects across Illinois and Virginia starting in Q1 2025. Summit Ridge has secured key solar panel components, including modules, racking, and inverters, from US suppliers. The company also has a supply deal with Korean-owned solar manufacturer Qcells. Summit Ridge exceeds the threshold required for the Domestic Content tax credit under the US Inflation Reduction Act (IRA). Mike Dillon, senior vice president of operations at Summit Ridge Energy, highlighted the importance of sourcing domestically manufactured inverters.
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