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Clean Energy Tax Credit Market Poised to Grow Under New Transferability Rules, Facilities Dive

Thursday, May 16, 2024

Facilities Dive quoted partner Paul Gordon discussing the effect of final rules from the US Department of the Treasury pertaining to the sale of clean energy tax credits, also known as tax-credit transfers. Paul said that, in the near term, the tax-credit transfer market is likely to skew toward larger deals.

“The market is developing in real time,” said Paul, noting that most buyers are larger corporations that need at least $10 million to $20 million in tax-credit eligibility to “move the needle.” However, Paul said he expects the transferability mechanism to “democratize” within three to five years as aggregators create a more robust, standardized market for smaller deals they can pool together.

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