MEDIA ADVISORY: Basis Climate Experts Available to Discuss IRS Guidance on Clean-Energy Tax Credit Transferability

NEW YORK--(BUSINESS WIRE)--The founders of Basis Climate, an innovative online marketplace for clean energy tax credits, are available to comment on today’s long-awaited release of IRS guidance regarding the clean energy tax credit transferability provisions of the 2022 Inflation Reduction Act (IRA).

WHAT:

The 2022 IRA allows for the transferability of clean energy tax credits. This is a novel approach that has the potential to significantly increase the availability of capital for renewable energy projects.

In the past, renewable energy developers were limited in their ability to monetize their tax credits. The IRA's transferability provision allows renewable energy developers to sell their tax credits to any buyer, regardless of their tax liability. This will make it easier for developers to raise the capital they need to finance their projects, and it will also increase the liquidity of the clean energy tax credit market.

WHO:

Basis Climate is building a comprehensive managed marketplace for clean energy tax credits. By establishing a streamlined diligence and appraisal platform, Basis allows both buyers and sellers to transact with confidence.

Between them, Basis Co-Founders Erik Underwood and Derek Silverman have decades of clean-energy finance experience. They are prepared to not only answer specific questions about the new IRS guidance but also provide a 30,000-foot view on questions such as:

• What impact will the guidance have on clean energy deployments?
• What does this mean for market segments that have historically struggled with tax equity (residential PPAs, small C&I)?
• How might a technology solution facilitate the emerging market for transferable tax credits?

To arrange an interview with Erik or Derek, please contact:

Greg Frost, Privateer Communications
[e-mail]