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Frontier Forum: How tax credit transfers are reshaping energy finance

In 2023, the U.S. market for transferable clean energy tax credits was just getting started. One year later, that market has tripled in size, with credits diversifying beyond wind and solar into nuclear, manufacturing, and other technologies.

"The statistics on just how much it grew over that period are really impressive — indicating the transparency, efficiency, liquidity, and growing nature of the market," explains Alfred Johnson, CEO of Crux, which operates a debt and tax credit platform for clean energy.

When new rules allowed clean energy tax credits to be sold for cash, it suddenly…

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