The emerging secondary market for renewable production tax credits provides developers new monetization pathways, but pricing remains discounted currently at $0.85-$0.90 per $1 due to generation variability risks. As familiarity with PTCs increases, we expect trade volumes, product innovation, and ultimately valuations to rise over time toward $0.90-$0.95 levels. Developers able to capitalize on current market dynamics can gain a competitive financing advantage.

Go-to guide for developers to better understand transferable tax credits.

The proposed IRS rules enable new pathways to monetize renewable energy tax credits via transfers and direct pay. This guide summarizes the top 10 implications developers need to know.