Insights

FEB 23, 2024
1 MIN READ

Basis Climate Joins Forces with Zettawatts to Leverage Clean Energy Tax Credit Transactions for Renewable Energy Certificate (REC) Purchases

Basis Climate is thrilled to announce a strategic partnership with Zettawatts, a leading platform for clean energy transaction management. This collaboration marks a significant step forward in our shared mission to simplify and accelerate the clean energy transition.
Read post
FEB 20, 2024
1 MIN READ

Basis Climate Closes $4 Million Transfer of Clean Energy Tax Credits for Wellhead Electric

Basis Climate is pleased to announce the successful transfer of a $4 million of investment tax credits (ITCs) for California-based Wellhead Electric, a developer of utility scale power generation and battery energy storage facilities, for their 16MWh Fresno Battery Energy Storage Project. This is the second tax credit placement that Basis Climate facilitated for Wellhead in the last six months. 
Read post
FEB 1, 2024
1 MIN READ

Basis Climate Partners with Station A to Democratize the Clean Energy Transition

We’re excited to announce that we’ve partnered with Station A, a building decarbonization and climate action platform, in a joint effort to accelerate and democratize the energy transition through the use of tax credit transfers.
Read post
JAN 30, 2024
42 MIN WATCH

Clean Power Hour Podcast

In this episode of The Clean Power Hour, Tim Montague speaks with Erik Underwood and Derek Silverman, co-founders of Basis Climate, about their new platform designed to help streamline and democratize tax credit transfers for clean energy projects.
Listen now

Basis Webinar:  Lessons Learned from the First Year of Clean Energy Tax Credit Transfers

Earlier this week we hosted a panel of industry experts who have transacted several billion dollars worth of tax credit transfer transactions in 2023. While most of these advisors have been focused on the larger, more complex part of the market, we do believe there are many insights for smaller transactions and developers as well. Watch the video or read our key takeaways below.
Read post

Basis Climate Closes $60 Million Transfer of Clean Energy Tax Credits From W Power and Wellhead Electric

“In a complex deal environment, the Basis team provided excellent client service and transaction support that allowed us to finalize this $60 million tax credit transfer soon after the project was placed in service,” Dittmer said. “We look forward to working with Basis again as we continue developing innovative storage projects."
Read post

Q4 2023 Tax Credit Pricing Perspective

We have gained a unique perspective on the pricing dynamics of transferable tax credits. In this client insight, we share our findings on initial pricing expectations from both buyers and sellers, and where we expect deals to happen.
Read post

Basis Climate Announces Close of $100M Clean-Energy Tax Credit Transfer, its Largest yet

A month after launching its digital exchange, Basis facilitates sale of current-year wind power production tax credits.
Read post
AUGUST 15, 2023
8 MIN READ

Update on Low-Income Communities Bonus Credit Program

Additional guidance on LMI adders was released last week. There is a lot to unpack, but here are some of the important highlights. We cover project categories, application process, and project readiness.
Read post
AUGUST 1, 2023
3 MIN READ

Tax Credit Exchange Launch

Basis Climate today announced the launch of its digital marketplace for transferable clean energy tax credits, giving tax-liable corporations a powerful platform to discover, diligence, and document their transactions securely and seamlessly.

The launch of Basis Climate’s exchange marks a milestone in the development of the market for U.S. clean energy tax credits. The Basis exchange not only provides matchmaking between buyers and sellers of credits, but also offers a transaction framework and client support to guide both parties through the sale. Documentation, registration, and compliance are all included as part of the platform, allowing both sides to transact with confidence.
Read press release
JULY 14, 2023
12 MIN READ

Whitepaper: Unlocking Tax Savings for Sustainability

The U.S. Inflation Reduction Act of 2022 (IRA) not only delivered $270 billion in tax incentives to fight climate change, but it also effectively created a market for these incentives by making them transferable. With the annual trading volume of tax credits expected to grow to tens of billions of dollars over the next decade, sustainability leaders can seize the opportunity presented by this new market to support high-impact clean energy projects while also generating budget and resources to implement existing sustainability initiatives.
Read ESG whitepaper
JUNE 14, 2023
2 MIN READ

Tax credit transferability guidance is out — here's what you need to know

On June 14, 2023, the IRS issued guidance around transferability mechanics and proposed regulations that provide much-needed clarity for the clean energy industry following passage of the Inflation Reduction Act (IRA) in August 2022. The goal of this post is to explain the guidance and share our insights so that companies can transact with confidence. We also outline what to expect from further regulations and guidance.
Read post
APRIL 27, 2023
58 MIN WATCH

Watch our recent webinar with Akin, Deloitte, and Houlihan Lokey on transferability

In this webinar, we join Akin, Deloitte and Houlihan Lokey discuss tax credit transferability under the IRA. They offer valuable insights into the latest market trends as well as practical and technical considerations for investing in transferable credits. The speakers also share information on maximizing savings, discuss the key issues enabling or holding up deals and review the possibilities for forthcoming guidance.
Read post
FEBRUARY 5, 2023
2 MIN READ

What tax credits are transferable?

The US Government unlocked hundred of billions of dollars in tax credits in the Inflation Reduction Act of 2022. Many of these tax credits are transferable, making it significantly easier for project developers to monetize these tax credits, and avoid the headache and brain damage of complicated tax equity partnership or sale leaseback structures.
Read post
JANUARY 13, 2023
5 MIN READ

What is tax credit transferability?

The 2022 Inflation Reduction Act (“IRA”) is the largest commitment made by the United States government to fight climate change. It comes in the form of nearly $400 billion in tax incentives for clean energy projects, which will reduce carbon emissions and accelerate the country’s energy transition away from fossil fuels.
Read post

Why is tax recapture insurance important?

Tax recapture insurance is an important tool to allocate risk away from both project developers and tax credit buyers. It protects against the (hopefully very unlikely!) possibility of the government clawing back tax credits or other incentives that were provided.
Read post
Stay in the loop with our newsletter featuring pricing updates and latest industry news
Thank you!
Oops! Something went wrong while submitting the form.