Toledo Solar to expand manufacturing capacity in Perrysburg, Ohio

Toledo Solar manufacturing

Toledo Solar announced the expansion of manufacturing capacity in Perrysburg, Ohio, to 2.8 Gigawatts by 2027 in response to surging demand for solar products and in response to the passage of the Inflation Reduction Act.

The Inflation Reduction Act of 2022 provides $430 billion in tax incentives to accelerate the renewable energy transition, including enabling 7.5 million more homeowners to install rooftop solar panels and providing incentives to generate 950 million solar panels by 2030.

The ITC tax credit increased to 40 percent for solar panels manufactured in the U.S., a 10 percent increase from imported solar products. Toledo Solar is one of only two domestic solar manufacturers that empower the full use of this tax credit. Toledo Solar anticipates creating an additional 250+ jobs by 2027.

Toledo Solar was a partner in the team that recently won a proposal to establish a Cadmium Telluride Accelerator Consortium with a funding from a $20 million program that was established by the U.S. Department of Energy’s Solar Energy Technologies Office to hasten the development of cheaper, more efficient cadmium telluride (CdTe) solar cells.