Published:
July 30, 2025

Reunion on the Norton Rose Fulbright podcast: “Transferability”

Industry experts, including Ted Brandt of Marathon Capital and Jack Cargas of Bank of America, discuss new federal tax credit trading enabled by the Inflation Reduction Act. Starting January 1, companies can trade nine types of tax credits for cash. Moderated by Keith Martin, the panel offers insights into this evolving market landscape.

The Inflation Reduction Act last August let companies sell nine types of federal tax credits to other companies for cash. The window opened on such sales on January 1. Five market veterans discuss how the market is developing. Moderator Keith Martin is joined by Ted Brandt, CEO of Marathon Capital, Jack Cargas, Managing Director and Head of Tax Equity Origination at Bank of America, Billy Lee, President of Reunion (an electronic trading platform), Rubiao Song, Managing Director and Head of Energy Investments at JPMorgan, and Jamie Stahle, Senior Managing Director of CCA Group.