October 8, 2024
5 min read
IRA Transferable Tax Credit Tracker
Since the passage of the Inflation Reduction Act in 2022, clean energy tax credit transfers have accelerated across a variety of technologies, credits, and deal sizes. To track the evolution of the market, Reunion is maintaining a list of publicly announced transfers.
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Our data
- Quarter: The quarter in which the deal closed. Occassionally, deals are announced in the quarter after which they closed.
- Credit: The type of credit(s) involved in the transaction. Although most transactions involve a single credit type, like a §48 ITC, some deals involve multiple credits.
- Technology: The clean energy technology, like commerical and industrial solar or battery storage, behind the transaction. Emerging technologies, like hydrogen, can meaningfully impact pricing.
- Amount: A deal's amount represents the total, lifetime value of the transaction. When a range is provided – for instance, Broadwind's estimate of $12M to $14M per year – we use the lower bound.
- Source: The primary source from which we collected transactions data. In some instances, we rely on multiple sources for the data we've presented.
We generally post announcements from tax credit sellers to prevent duplication of transactions.
Publicly announced IRA clean energy tax credit transfer deals
| Quarter | Credit | Technology | Amount | Source |
|---|---|---|---|---|
| — | §45X AMPC | Advanced manufacturing | Undisclosed | Silfab Solar |
| 24 Q3 | §45X AMPC | Advanced manufacturing | $50 | Heliene |
| 24 Q3 | §48 ITC | C&I solar | Undisclosed | Black Bear Energy |
| 24 Q4 | §48 ITC | C&I solar | $0.3 | Navajo Power Home |
| 24 Q4 | §45X AMPC | Advanced manufacturing | $40 | Navajo Power Home |
Submit a transaction
If you know of a tax credit transfer that is not on our list, please contact us. We want to keep our list up-to-date.
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