Basis Climate Completes Smallest Solar Tax Credit Transfer Yet
The transaction represents a milestone in Basis Climate's ability to efficiently transfer tax credits at smaller and
Solar Power World 12:16 pm on June 6, 2024
Basis Climate completes the smallest solar tax credit transfer, highlighting a milestone for clean energy financing through the Inflation Reduction Act (IRA) and facilitating project development with smaller investment sizes.
- Smallest tax credit transfer: Basis Climate's recent transaction underscores the IRA's impact on small-scale clean energy projects.
- Investment efficiency: Enables developers to access necessary capital through a simplified and standardized marketplace for tax credits.
- Market expansion: Significantly lowers barriers for diverse project sizes, including behind-the-meter solar projects.
- Transfer mechanism: Demonstrates a novel provision in the IRA allowing tax credits to be transferred directly between entities.
https://www.solarpowerworldonline.com/2024/06/basis-climate-completes-smallest-solar-tax-credit-transfer-yet/