§45X — Domestic clean-energy manufacturing, tokenized per unit
A credit-per-unit (or credit-per-kWh of battery) for U.S.-made clean energy hardware: PV cells, wafers, inverters, battery cells, wind blades and nacelles, and 50 critical mineral conversions.
The trade
§45X is a per-unit credit on U.S. clean-energy manufacturing output — roughly 30 distinct component types each with its own rate. The credit is earned on production-and-sale and runs through 2032 with a step-down beginning 2030.
BV tokenizes per-unit at the manufacturing-output meter, with a component-type registry mapping to the specific §45X rate.
OTC Desk
liveBilateral, wire-settled (or stablecoin at buyer's election). No tokenization required. Every IRA credit transaction we've closed to date has happened this way — the proven path.
About the OTC DeskOn-chain marketplace
testnetCredit tokenized as XCT at production. Marketplace bid book; atomic swap for MXD; transfer election booked on-chain. Continuous price discovery, faster settlement.
About §6418 transferabilityComponent coverage
| Component | Unit | Rate |
|---|---|---|
| PV cells | per W_dc | $0.04 |
| PV wafers | per m² | $12 |
| Solar modules | per W_dc | $0.07 |
| Battery cells | per kWh | $35 |
| Battery modules (LFP) | per kWh | $10 |
| Battery modules (non-LFP) | per kWh | $45 |
| Wind blades | per W of nameplate | $0.02 |
| Wind nacelles | per W of nameplate | $0.05 |
| Critical minerals | per kg processed | 10% of cost |
Trust
- Per-unit manufacturing meter feed
- Component-spec attestation on every mint
- Step-down schedule encoded in the contract
- §6418 transferability pre-elected
What this instrument conveys
Conveys contractual transfer rights under §6418 and settlement rights against the credit. It does not convey equity or physical ownership.
Operative terms are set out in the governing documents. Disclosures
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