Clean Energy Tax Credit Transferability Services
Looking to buy or sell renewable energy tax credits? Baker Tilly’s renewable energy tax credit syndication practice is designed to provide you with efficient access to the transferable energy tax credit sale and transfer marketplace.
Clean Energy Tax Credit Transferability Services
The Inflation Reduction Act (IRA) introduced the concept of “transferability” — allowing a one-time transfer of a credit, essentially a tax rebate, from seller to buyer. Tax credit buyers are typically either C-corporations or individuals, trusts or family offices with passive income and an expected tax liability, looking to purchase single year tax credits to lower their tax liability.
Tax credit brokerage
Baker Tilly, through its FINRA-registered broker dealer, Baker Tilly Capital, LLC, provides comprehensive services related to monetizing federal renewable energy credits, including:
- Developing and implementing strategy and approach to market tax credits to potential investors
- Identifying potential investors, including current and prospective Baker Tilly Capital, LLC investor clients
- Assisting, when applicable, with obtaining tax credit insurance for projects
- Preparing pitch pieces and marketing materials for investment opportunity
- Establishing data rooms and diligence documentation to create efficient underwriting for potential investors
- Assisting in obtaining unique project identification number from the IRS and filing appropriate documentation related to the transfer of credits
- Working with client and legal teams on negotiating documents and closing of transactions
