K2 Systems is excited to announce the availability of our U.S. Domestic Products in the third quarter (Q3) of this year. As we continue to align with the solar industry’s evolving needs and the requirements of the Inflation Reduction Act (IRA) of 2022, we are proud to state that two key products are making the switch: the CrossRail System and the MiniRail Comp System.

The IRA of 2022 introduces crucial domestic content requirements (DCR) for solar projects to be eligible for a 30% tax credit plus a 10% bonus. These requirements emphasize the use of U.S.-made materials and labor, ensuring that a significant portion of a project’s cost is domestically sourced. By adhering to these standards, solar projects can maximize their financial incentives while supporting the growth of the American solar industry.

1. Steel and Iron

All iron and steel products must be 100% made in the U.S., including being melted and poured domestically. This encompasses structural steel in new projects and rooftop solar racking, which often includes aluminum and steel components.

2. Manufactured Products

40% of the cost of manufactured products must be U.S.-produced, including direct manufacturing labor. This includes critical equipment such as PV modules, inverters, and trackers. The requirement will increase to 55% for projects starting construction after 2027.

K2 Systems is dedicated to supporting the solar industry’s transition to increased domestic production. We are working diligently to expand our range of products that meet the IRA’s domestic content requirements. Our goal is to provide our customers with high-quality, compliant solutions that maximize their eligibility for tax credits and bonuses while promoting the growth of American manufacturing. You can rest assured that more K2 Systems products are being transitioned to U.S. manufacturing to meet these standards.