Katherine Westcott

Footnote of the Week: California and Texas have a Common Export — Transferable Energy Tax Credits

We calculate that in more than 90% of cases, project developers and manufacturers in California and Texas ultimately transferred their tax credits to out-of-state buyers.

Footnote of the Week: Among Insured Tax Credit Deals, Many Have Coverage Levels of 110% or Higher

For transactions that include insurance, our data reveals that the Limit of Liability often exceeds the face value of the tax credit.