On August 16th, 2022, the Inflation Reduction Act of 2022—or IRA—was signed into law. The IRA includes spending for promotion of clean energy technology—the largest-ever such fiscal package. Included in the Act is the goal to build American clean energy supply chains by incentivizing domestic production in clean energy technologies, providing tax incentives for using U.S.-sourced products, and issuing clean energy tax credits for using materials with U.S.-made steel.
The AFP footprint is over 70,000 sqft., our facility along with a domestic supplier base makes AFP one of the few manufacturers who can qualify for “Made-in- America” statutes for both Dry and Resin based, Low and Medium Voltage transformers. AFP, an American owned and operated company, qualifies for all “Made-in America” statutes, which differentiates us from many other competitors in the field.
The Buy American Act applies when the federal government is directly assisting the procurement of products, or a federal facility is being constructed. Under this statute, the goods or products are qualified as being domestic when they are 100% manufactured in the United States and with at least 50% domestic content.
The “Made in the USA” or “Made in America” label is regulated by the Federal Trade Commission (FTC) requires that it must “contain no – or negligible – foreign content” and the final assembly must take place in the United States. Alternatively, the producer can label the product with the exact percentage of U.S. content, e.g.: “60% U.S. content”.
Please contact us at (732) 248-0305 for more information.