The Inflation Reduction Act tax credit transfer market has accelerated since 2023, with potential volume reaching between $20 billion and $25 billion this year, according to a mid-year market intelligence report by Crux, a finance technology company that connects tax credit buyers and sellers. The market was boosted by the IRS’s release of final guidance for the transferability mechanism in April, and prices for individual credits have also increased. Crux CEO Alfred Johnson said that the growth of the market has exceeded expectations of volume, diversity of technology investments, and price consolidation. The company is investing heavily in the technology to make these deals more efficient. So far, 75% of transactions have come from wind, solar, storage and solar plus storage.
Solar Dominates US Energy Capacity Growth
The Federal Energy Regulatory Commission (FERC) has published data showing that solar accounted for over 75% of US electrical generating
