Transferring tax credits has never been so fun (and easy) | Alfred Johnson, CEO of Crux
For over a century, the U.S. government has provided subsidies – often in the form of tax credits – to support domestic energy production. For renewable energy sources, these tax credits have traditionally subsidized investment (i.e., a project’s capital expenditure) and production (i.e., the amount of energy produced by a project). But the Inflation Reduction Act altered these tax credits in a number of ways: it significantly extended their life, massively expanded the technologies eligible for them and made them more easily transferable so that project developers can sell them directly to a…
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