A Guide to the Budget Bill’s Big Changes to Clean Energy Credits
This article outlines significant changes to clean energy tax credits proposed in a House budget bill, largely overhauling expansions of the Inflation Reduction Act.
Andy Moon, CEO of Reunion, commented on the proposed repeal of transferability for clean energy tax credits.
He stated that despite the House bill significantly shortening the availability window for these credits, market participants are confident that tax credit transfers will be respected in 2025. Moon believes this assurance, particularly assuaging fears of retroactive repeal, will likely accelerate credit transfers through the end of the year. He expects "to see a wave of buyers looking for tax credits in the second half of the year, which will drive prices up similar to what we saw in 2024." Moon also noted that for projects meeting safe harbor requirements, transfers could still occur for the next couple of years, even if the House bill passes as is.
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