Final tax credit sales regulations from the IRS, courtesy of NRF:
Renewable Energy $300 BN – 70% of investments in the IRA will be through tax incentives. US allocated $300 BN to investments in zero carbon power generation supply, emissions reduction technology, and electrification and energy efficiency. $100 BN – US corporate tax incentives specific to energy will be $100 BN through 2027. $9 BN – Tax equity sale market was $4-9 BN in 2023. The seller can borrow against the expected future proceeds from the sale of the credits. Energy Transition $9 BN – IRA includes BESS tax incentives of about $5 BN p.a. through 2028. It could be $9 BN p.a. by 2050. Utility owned BESS in development is 3,400 MW. 80% - Batteries made from recycled materials can cut emissions by 80% compared to those made from virgin materials. By 2027, 80% of the value of critical minerals in batteries must be mined or processed in the US. At least 105,150 TPY of minerals can be recycled sufficient to produce 220,300 batteries/year. $10,000/ton – Big Aussie BHP is the world's biggest copper producer at 1.2 MM TPY. Copper hit $10,000/ton for the first time in 2 years. Finance and Investment Opportunities Currently advising on arranging finance and investment for the following projects. If interested in learning more, please DM me:
Thanks for reading! About me: Seasoned executive with over 25 years of experience in investing, finance, and business development. Proven track record of deploying over $10 BN of debt, $1 BN of private equity and arranging $100 MM of tax equity for projects in renewable energy (wind, solar, bioenergy, hydro, geothermal) and the energy transition (energy storage, EV charging, hydrogen, carbon capture). Currently advising on projects needing debt, equity and tax equity. If interested in learning more, I would love to connect. |