Over $3.1 billion in tax credits for solar, storage, and hybrid projects transferred

John Fitzgerald Weaver | Source: PV Magazine | Posted 10/24/2024

Crux’s latest Q3 2024 market update reveals large project tax credit premiums, with significant volumes from energy storage and hybrid solar power plants – and even nuclear power in the mix.

AI generated summary

The tax transfer and equity market is expected to surpass $40 billion in 2024, with tax credit transfers making up a significant portion, potentially around $22-25 billion. In Q3, transfer deals closed at an estimated total between $7 and $7.5 billion, with solar projects accounting for a notable proportion at 45%.

A recent report highlighted the pricing variations in tax credit transfers, ranging from $0.886 to $0.941 per dollar transferred, with different rates for various transaction sizes. Additionally, the analysis noted an overall increase in tax credit values across all project sizes from the second to the third quarter of the year.

Link to Original Article

Please find the link to the full article below. (Please note that content provider might require a paid subscription)

Source Link: https://pv-magazine-usa.com/2024/10/23/over-3-1-billion-in-tax-credits-for-solar-storage-and-hybrid-projects-transferred/

Create a free trial account: Sign Up

Grid monitor is free to try. No credit card required

Over $3.1 billion in tax credits for solar, storage, and hybrid projects transferred

AI generated summary

Link to Original Article

Create a free trial account: Sign Up

Already have an account? Login