Accelerating RENEWABLE energY BY simplifying FINANCING
SIGN UP FOR EARLY ACCESS
WHAT WE DO
Reunion’s mission is to accelerate renewable energy by simplifying financing.
The 2022 Inflation Reduction Act allows transferability of renewable energy tax credits, which will dramatically accelerate renewable energy. We are building a marketplace where corporations can purchase vetted tax credits from solar, wind, and battery storage projects.
Reunion’s platform makes transactions easy and low risk. Corporations can reduce their federal tax liability, while enabling new renewable energy installations. Solar, wind, and battery storage companies can sell transferable tax credits, without the complexity and hassle of traditional tax equity financing structures.
ABOUT US
Reunion’s founders, Andy Moon and Billy Lee, have deep experience in tax equity and structured finance. We pioneered some of the earliest solar energy financings, and have collectively raised over $2B to construct solar energy projects around the world. Andy and Billy are both second-time entrepreneurs, and have served in executive roles at late-stage VC-backed companies.
Renewable energy projects such as solar and wind typically rely on tax credits to fund up to 30% of the project cost. Starting in 2023, the Inflation Reduction Act (IRA) will offer 30% to 50% tax credits for renewable energy projects, which will accelerate the speed of renewable energy deployment.
Tax credits play a significant role in making renewable energy projects economical; without them, many renewable energy projects will not get built.
Why is Reunion focused on renewable energy tax credits?
Historically, the only way to monetize tax credits are through complicated tax equity partnerships, which have only been available to the largest projects developed by established companies.
The IRA now allows the sale of tax credits at a market price, bypassing need for complex partnerships. This will unlock many new renewable energy projects that previously lacked access to financing.
Why hasn't this been done before?
The Inflation Reduction Act, passed in August 2022, for the first time allows renewable energy tax credits to be bought and sold, for projects that are placed in service starting January 1, 2023. Reunion is the first marketplace to buy and sell transferable tax credits generated by renewable infrastructure projects.
Why buy a renewable energy tax credit?
Tax credits are used to reduce federal tax liabilities. Because tax credits will typically sell for a discount, the buyer can make a profit (e.g., buyer pays ~$9M in cash for $10M worth of tax credits).
Purchasing a tax credit supports the construction of new renewable energy projects, which may not be economical without revenues from sale of the tax credit.
Who can buy a renewable energy tax credit?
Widely held US corporations can use renewable energy tax credits to reduce their federal taxes dollar for dollar (e.g., $100 of tax credits reduces tax liabilities by $100).
What types of projects are eligible?
Reunion is focused on solar, wind, battery storage, EV charging, and biogas. We are not working on hydrogen, carbon capture, or other technologies at this time
SHARE YOUR E-MAIL BELOW TO FOLLOW OUR PROGRESS
SIGN UP FOR EARLY ACCESS
Contact Us
SIGN UP FOR EARLY ACCESS
Please share your info to stay in touch!
Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.
.svg)
