# http://concentro.io llms-full.txt ## Tax Credit Transfers # Making tax credit transfers accessible and effortless We handle everything—from diligence to insurance — making tax credit transfers accessible for all developers and effortless for corporations. [Get started](https://www.concentro.io/contact-us) [Schedule a call](https://www.concentro.io/schedule-a-call) ![](https://cdn.prod.website-files.com/6763d6cf120b46189e34bf8c/6764004dde2c42dd2c81fc39_hero-tablet-widget.avif) ![](https://cdn.prod.website-files.com/6763d6cf120b46189e34bf8c/6790c120a24ccdacd852bcaf_hero-tablet-icon.png) # Seamlesstaxcreditfinancing ![](https://cdn.prod.website-files.com/6763d6cf120b46189e34bf8c/67640b2183b4553343a6d202_Icon.svg) ### Effortless transactions We take care of everything: run the diligence process, procure insurance, and advise both parties. ![](https://cdn.prod.website-files.com/6763d6cf120b46189e34bf8c/67aa4705c0910f1904975952_brett-stack-2.png) ![](https://cdn.prod.website-files.com/6763d6cf120b46189e34bf8c/67640b221eb3b8635213abd6_Icon-2.svg) ### Accessible for all We are the only platform focused on DG projects, making transfers accessible through a differentiated approach. ![](https://cdn.prod.website-files.com/6763d6cf120b46189e34bf8c/676d601c49686abbe7fb1d25_stack-image-2.avif) ![](https://cdn.prod.website-files.com/6763d6cf120b46189e34bf8c/67640b21e4e93b7dc413008c_icon-3.svg) ### Fully underwritten and insured We provide full-wrap insurance as well as run a thorough diligence process, working with developers to ensure they qualify. ![](https://cdn.prod.website-files.com/6763d6cf120b46189e34bf8c/676d601c848816903d2d38e8_stack-image-3.avif) ## Seamless tax credit financing ![](https://cdn.prod.website-files.com/6763d6cf120b46189e34bf8c/67640b2183b4553343a6d202_Icon.svg) ### Effortless transactions We take care of everything: run the diligence process, procure insurance, and advise both parties. ![](https://cdn.prod.website-files.com/6763d6cf120b46189e34bf8c/67aa4705c0910f1904975952_brett-stack-2.png) ![](https://cdn.prod.website-files.com/6763d6cf120b46189e34bf8c/67640b221eb3b8635213abd6_Icon-2.svg) ### Accessible for all We are the only platform focused on DG projects, making transfers accessible through a differentiated approach. ![](https://cdn.prod.website-files.com/6763d6cf120b46189e34bf8c/676d601c49686abbe7fb1d25_stack-image-2.avif) ![](https://cdn.prod.website-files.com/6763d6cf120b46189e34bf8c/67640b21e4e93b7dc413008c_icon-3.svg) ### Fully underwritten and insured We provide full-wrap insurance as well as run a thorough diligence process, working with developers to ensure they qualify. ![](https://cdn.prod.website-files.com/6763d6cf120b46189e34bf8c/676d601c848816903d2d38e8_stack-image-3.avif) ![](https://cdn.prod.website-files.com/6763d6cf120b46189e34bf8c/676d6149848816903d2e79de_icon-29.svg) In-depth diligence We take care of the diligence process, ensuring that projects are properly set up to transact. ![](https://cdn.prod.website-files.com/6763d6cf120b46189e34bf8c/676d6149d0a21f0375a0ff1c_icon-22.svg) Fully insured We offer fully encompassing tax credit recapture insurance for all of our transactions. ![](https://cdn.prod.website-files.com/6763d6cf120b46189e34bf8c/676d6149748a7a3f31fad227_icon-23.svg) Turn-key solution We take care of everything during the transaction process to make tax credit transfers effortless. ![](https://cdn.prod.website-files.com/6763d6cf120b46189e34bf8c/676d6149748a7a3f31fad23a_icon-24.svg) Legal documents We prepare and customize all transaction documents, based on templates vetted by top developers and corporations. ![](https://cdn.prod.website-files.com/6763d6cf120b46189e34bf8c/676d6149d0a21f0375a0ff22_icon-25.svg) Technology platform We give our clients access to our AI-powered platform to guide and streamline transactions. ![](https://cdn.prod.website-files.com/6763d6cf120b46189e34bf8c/676d614972d1e888a5075985_icon-26.svg) Expert counsel We leverage best-in-class legal and CPA counsel for our diligence process and client advice. ![](https://cdn.prod.website-files.com/6763d6cf120b46189e34bf8c/676d6149b7b66c788d16b2f3_icon-27.svg) Lower transaction costs By doing the heavy lifting on diligence and documentation, we slash transaction costs for our clients. ![](https://cdn.prod.website-files.com/6763d6cf120b46189e34bf8c/676d6149676b9b53da8e16bd_icon-28.svg) No hidden fees Our fees are aligned with your success and transparent from day one—no last minute changes or hidden fees. ![](https://cdn.prod.website-files.com/6763d6cf120b46189e34bf8c/676d133750bafd53077a4b51_offer-cover-2.avif) ### ForBuyers Accessfullyvettedandinsuredtaxcreditsfromcleanenergyprojects,effortlessly. [Learn more](https://www.concentro.io/buyers) ### ForSellers Monetizetaxcreditsthroughadifferentiatedapproachimprovingeconomicsforprojectsofallsizes. [Learn more](https://www.concentro.io/sellers) ![](https://cdn.prod.website-files.com/6763d6cf120b46189e34bf8c/676d1337326856ce632fb47f_offer-cover-1.avif) # Our team background ![](https://cdn.prod.website-files.com/6763d6cf120b46189e34bf8c/676d1b98744bf2c7bbbb11de_brand-1.png) ![](https://cdn.prod.website-files.com/6763d6cf120b46189e34bf8c/676d1b982cbdfa00bbbad3c1_brand-3.png) ![](https://cdn.prod.website-files.com/6763d6cf120b46189e34bf8c/676d1b98a7519563c238b332_brand-2.png) ![](https://cdn.prod.website-files.com/6763d6cf120b46189e34bf8c/676d1b982cbdfa00bbbad3d8_brand-4.png) ![](https://cdn.prod.website-files.com/6763d6cf120b46189e34bf8c/676d1b98364b9c519a4e1ff6_brand-6.png) ![](https://cdn.prod.website-files.com/6763d6cf120b46189e34bf8c/676d1b981708f11b3327333d_brand-7.png) ![](https://cdn.prod.website-files.com/6763d6cf120b46189e34bf8c/676d1b98364b9c519a4e1fe2_brand-5.png) ![](https://cdn.prod.website-files.com/6763d6cf120b46189e34bf8c/676d1b98cfce71176778aa01_brand-8.png) ![](https://cdn.prod.website-files.com/6763d6cf120b46189e34bf8c/676d1b98d481f6d919b5ec43_brand-9.png) ![](https://cdn.prod.website-files.com/6763d6cf120b46189e34bf8c/676d1b98ed2ae13fa1b6b0b1_brand-10.png) ![](https://cdn.prod.website-files.com/6763d6cf120b46189e34bf8c/676d1b99cfce71176778aa0b_brand-11.png) ![](https://cdn.prod.website-files.com/6763d6cf120b46189e34bf8c/676d1b98ce18b6043df12b50_brand-12.png) ![](https://cdn.prod.website-files.com/6763d6cf120b46189e34bf8c/676d1b98744bf2c7bbbb11de_brand-1.png) ![](https://cdn.prod.website-files.com/6763d6cf120b46189e34bf8c/676d1b982cbdfa00bbbad3c1_brand-3.png) ![](https://cdn.prod.website-files.com/6763d6cf120b46189e34bf8c/676d1b98a7519563c238b332_brand-2.png) ![](https://cdn.prod.website-files.com/6763d6cf120b46189e34bf8c/676d1b982cbdfa00bbbad3d8_brand-4.png) ![](https://cdn.prod.website-files.com/6763d6cf120b46189e34bf8c/676d1b98364b9c519a4e1ff6_brand-6.png) ![](https://cdn.prod.website-files.com/6763d6cf120b46189e34bf8c/676d1b981708f11b3327333d_brand-7.png) ![](https://cdn.prod.website-files.com/6763d6cf120b46189e34bf8c/676d1b98364b9c519a4e1fe2_brand-5.png) ![](https://cdn.prod.website-files.com/6763d6cf120b46189e34bf8c/676d1b98cfce71176778aa01_brand-8.png) ![](https://cdn.prod.website-files.com/6763d6cf120b46189e34bf8c/676d1b98d481f6d919b5ec43_brand-9.png) ![](https://cdn.prod.website-files.com/6763d6cf120b46189e34bf8c/676d1b98ed2ae13fa1b6b0b1_brand-10.png) ![](https://cdn.prod.website-files.com/6763d6cf120b46189e34bf8c/676d1b99cfce71176778aa0b_brand-11.png) ![](https://cdn.prod.website-files.com/6763d6cf120b46189e34bf8c/676d1b98ce18b6043df12b50_brand-12.png) ![](https://cdn.prod.website-files.com/6763d6cf120b46189e34bf8c/676d1b98744bf2c7bbbb11de_brand-1.png) ![](https://cdn.prod.website-files.com/6763d6cf120b46189e34bf8c/676d1b982cbdfa00bbbad3c1_brand-3.png) ![](https://cdn.prod.website-files.com/6763d6cf120b46189e34bf8c/676d1b98a7519563c238b332_brand-2.png) ![](https://cdn.prod.website-files.com/6763d6cf120b46189e34bf8c/676d1b982cbdfa00bbbad3d8_brand-4.png) ![](https://cdn.prod.website-files.com/6763d6cf120b46189e34bf8c/676d1b98364b9c519a4e1ff6_brand-6.png) ![](https://cdn.prod.website-files.com/6763d6cf120b46189e34bf8c/676d1b981708f11b3327333d_brand-7.png) ![](https://cdn.prod.website-files.com/6763d6cf120b46189e34bf8c/676d1b98364b9c519a4e1fe2_brand-5.png) ![](https://cdn.prod.website-files.com/6763d6cf120b46189e34bf8c/676d1b98cfce71176778aa01_brand-8.png) ![](https://cdn.prod.website-files.com/6763d6cf120b46189e34bf8c/676d1b98d481f6d919b5ec43_brand-9.png) ![](https://cdn.prod.website-files.com/6763d6cf120b46189e34bf8c/676d1b98ed2ae13fa1b6b0b1_brand-10.png) ![](https://cdn.prod.website-files.com/6763d6cf120b46189e34bf8c/676d1b99cfce71176778aa0b_brand-11.png) ![](https://cdn.prod.website-files.com/6763d6cf120b46189e34bf8c/676d1b98ce18b6043df12b50_brand-12.png) ![](https://cdn.prod.website-files.com/6763d6cf120b46189e34bf8c/676d1b98744bf2c7bbbb11de_brand-1.png) ![](https://cdn.prod.website-files.com/6763d6cf120b46189e34bf8c/676d1b982cbdfa00bbbad3c1_brand-3.png) ![](https://cdn.prod.website-files.com/6763d6cf120b46189e34bf8c/676d1b98a7519563c238b332_brand-2.png) ![](https://cdn.prod.website-files.com/6763d6cf120b46189e34bf8c/676d1b982cbdfa00bbbad3d8_brand-4.png) ![](https://cdn.prod.website-files.com/6763d6cf120b46189e34bf8c/676d1b98364b9c519a4e1ff6_brand-6.png) ![](https://cdn.prod.website-files.com/6763d6cf120b46189e34bf8c/676d1b981708f11b3327333d_brand-7.png) ![](https://cdn.prod.website-files.com/6763d6cf120b46189e34bf8c/676d1b98364b9c519a4e1fe2_brand-5.png) ![](https://cdn.prod.website-files.com/6763d6cf120b46189e34bf8c/676d1b98cfce71176778aa01_brand-8.png) ![](https://cdn.prod.website-files.com/6763d6cf120b46189e34bf8c/676d1b98d481f6d919b5ec43_brand-9.png) ![](https://cdn.prod.website-files.com/6763d6cf120b46189e34bf8c/676d1b98ed2ae13fa1b6b0b1_brand-10.png) ![](https://cdn.prod.website-files.com/6763d6cf120b46189e34bf8c/676d1b99cfce71176778aa0b_brand-11.png) ![](https://cdn.prod.website-files.com/6763d6cf120b46189e34bf8c/676d1b98ce18b6043df12b50_brand-12.png) ![](https://cdn.prod.website-files.com/6763d6cf120b46189e34bf8c/676d1cb032846fc1aee92db3_icon-5.svg) Which projects we serve ## Weunlockfinancingforprojectsofallsizes,includingthesmallerones Monetizetaxcreditsthroughadifferentiatedapproachimprovingeconomicsforprojectsofallsizes. ![](https://cdn.prod.website-files.com/6763d6cf120b46189e34bf8c/676d23f8ca6f29e601384b08_serve-center-icon.avif) ![](https://cdn.prod.website-files.com/6763d6cf120b46189e34bf8c/676d2281364b9c519a54835c_icon-7.svg) Residential ![](https://cdn.prod.website-files.com/6763d6cf120b46189e34bf8c/676d22812ff6a409020abac7_icon-9.svg) Utility Scale ![](https://cdn.prod.website-files.com/6763d6cf120b46189e34bf8c/676d2281fa82644189529eaa_icon-10.svg) Commercial & Industrial ![](https://cdn.prod.website-files.com/6763d6cf120b46189e34bf8c/676d22814e31301746c1b221_icon-6.svg) Agricultural ![](https://cdn.prod.website-files.com/6763d6cf120b46189e34bf8c/676d2281cfce7117677e17db_icon-8.svg) Community Solar ![](https://cdn.prod.website-files.com/6763d6cf120b46189e34bf8c/676d24c9e20c565838d57431_icon-18.svg) Solar ![](https://cdn.prod.website-files.com/6763d6cf120b46189e34bf8c/676d24c95ec58c9b4f975bbc_icon-11.svg) Wind ![](https://cdn.prod.website-files.com/6763d6cf120b46189e34bf8c/676d24c9ca6f29e60138e817_icon-12.svg) Battery Storage ![](https://cdn.prod.website-files.com/6763d6cf120b46189e34bf8c/676d24c92cbdfa00bbc2d4e7_icon-13.svg) EV Chargers ![](https://cdn.prod.website-files.com/6763d6cf120b46189e34bf8c/676d24c9783821bce785b6ff_icon-14.svg) Manufacturing (45X) ![](https://cdn.prod.website-files.com/6763d6cf120b46189e34bf8c/676d24c99ecfb49dfde0fc9f_icon-15.svg) RNG ![](https://cdn.prod.website-files.com/6763d6cf120b46189e34bf8c/676d24c9e9dd507fd834c9a4_icon-16.svg) CHP ![](https://cdn.prod.website-files.com/6763d6cf120b46189e34bf8c/676d24c9de7b3dd25a51492e_icon-17.svg) Microgrids ![](https://cdn.prod.website-files.com/6763d6cf120b46189e34bf8c/676d34fb5c130069a52c20a1_icon-19.svg) $750M+ tax credits on our platform ![](https://cdn.prod.website-files.com/6763d6cf120b46189e34bf8c/676d34fb75098f632a43fbc1_icon-21.svg) 200+ projects financed ![](https://cdn.prod.website-files.com/6763d6cf120b46189e34bf8c/676d34fb85bb78d01ec63654_icon-20.svg) 80+ developers supported ### Ourimpactinnumbers Thesekeyfiguresreflectourglobalreach,thevaluewedeliver,andthetangibleresultsofourefforts.Weareareliableteamunitingexpertiseincleanenergyprojectfinance,taxcredits,modeling,andsoftwaresolutions. [Get started](https://www.concentro.io/contact-us) ### Readytotransformyourenergybusiness? [Get started](https://www.concentro.io/contact-us) [Schedule a call](https://www.concentro.io/schedule-a-call) ![](https://cdn.prod.website-files.com/6763d6cf120b46189e34bf8c/676d3fba23aea35a6fc0b009_cta-tablet.avif) [iframe](https://td.doubleclick.net/td/rul/11296405091?random=1746731364247&cv=11&fst=1746731364247&fmt=3&bg=ffffff&guid=ON&async=1>m=45be5571h2v9175128503za200zb9138120011&gcd=13l3l3l3l1l1&dma=0&tag_exp=101509156~103101750~103101752~103116026~103200004~103233424~103251618~103251620~103284320~103284322~103301114~103301116&ptag_exp=101509157~103101750~103101752~103116025~103130495~103130497~103200001~103233427~103251618~103251620~103284320~103284322~103301114~103301116&u_w=1280&u_h=1024&url=https%3A%2F%2Fwww.concentro.io%2F&hn=www.googleadservices.com&frm=0&tiba=Concentro&did=dZGVlNj&gdid=dZGVlNj&npa=0&pscdl=noapi&auid=1216662872.1746731364&uaa=x86&uab=64&uafvl=Chromium%3B136.0.7103.59%7CGoogle%2520Chrome%3B136.0.7103.59%7CNot.A%252FBrand%3B99.0.0.0&uamb=0&uam=&uap=Linux%20x86_64&uapv=6.6.72&uaw=0&fledge=1&data=event%3Dgtag.config) ## Tax Credit Monetization # Unlockcapitalforyourcleanenergyprojects Seamlesslymonetizeyourtaxcreditsandaccelerateyournextprojectwithourplatform'strustedandefficientsolutions. [Get started](https://www.concentro.io/contact-us) [Schedule a call](https://www.concentro.io/schedule-a-call) ![](https://cdn.prod.website-files.com/6763d6cf120b46189e34bf8c/6790beb6c52a93098db108f8_a1dcbff0a01606a22e4b049fbb1b5eba_s-hero.jpg) ![](https://cdn.prod.website-files.com/6763d6cf120b46189e34bf8c/676d1a82c70c8e2c5801e827_icon-4.svg) What we do ## TheConcentroadvantage ![](https://cdn.prod.website-files.com/6763d6cf120b46189e34bf8c/678e2d31f293e16c4791b854_icon-40.svg) ### Accessible tax credit transfers We leverage our technology and streamlined processes to make transfers accessible to projects of all sizes and improve economics. ![](https://cdn.prod.website-files.com/6763d6cf120b46189e34bf8c/678e2d325dedf7460be5a4c3_icon-37.svg) ### We take care of everything We provide transaction-ready documents, execute diligence, quarterback the transaction and procure insurance so that you can focus on your projects. ![](https://cdn.prod.website-files.com/6763d6cf120b46189e34bf8c/678e2d316dbde2c304a690f6_icon-38.svg) ### Accessible high quality insurance We provide access to full-wrap insurance on all of our transactions at efficient cost. ![](https://cdn.prod.website-files.com/6763d6cf120b46189e34bf8c/678e2d31e6b9018d9b8e4f94_icon-39.svg) ### Comprehensive qualification We work closely with our developers to make sure that their projects are properly set up for tax credit transfers, at no cost to you. ![](https://cdn.prod.website-files.com/6763d6cf120b46189e34bf8c/676eb12f475e456fda223d78_icon-35.svg) How it works ## Connecttoabuyerandclosethetransaction Step 1 ### Submit your project Provide details about your clean energy project and available tax credits through our simple platform. ![](https://cdn.prod.website-files.com/6763d6cf120b46189e34bf8c/67878deda28d767655d8a55e_how-work-7.avif) Step 2 ### Project qualification and verification We conduct a thorough assessment to ensure your tax credits are eligible and properly structured for sale. ![](https://cdn.prod.website-files.com/6763d6cf120b46189e34bf8c/67878ded638020f8e765fc20_how-work-6.avif) Step 3 ### Find buyer and complete the sale Connect with our network of corporate buyers and complete the transaction through a secure, transparent process. ![](https://cdn.prod.website-files.com/6763d6cf120b46189e34bf8c/67878dedeb17248718346ce9_how-work-8.avif) Step 4 ### Ongoing support We continue to offer support, including assistance with any tax credit compliance or recapture issues. ![](https://cdn.prod.website-files.com/6763d6cf120b46189e34bf8c/67878ded4f9f5d2d10422f76_how-work-5.avif) 1 2 3 4 ## WhyselltaxcreditsthroughConcentro? Monetizeyourtaxcreditsandsecureimmediatecapitaltofundyournextcleanenergyproject.Concentroprovidesasecure,streamlinedplatformthathelpsyouconnectwithqualifiedbuyersandensureaseamlesstransaction,allowingyoutofocusonscalingyourprojects. [**Economies of Scale** \\ \\ We aggregate projects and create economies of scale to make transactions, insurance and related services accessible.](https://www.concentro.io/sellers#w-tabs-0-data-w-pane-0) [**Trusted Buyers** \\ \\ We connect you with reputable corporate buyers seeking to invest in clean energy tax credits.](https://www.concentro.io/sellers#w-tabs-0-data-w-pane-1) [**End-to-End Support** \\ \\ From qualification to transaction management, diligence, and underwriting, we handle the entire process.](https://www.concentro.io/sellers#w-tabs-0-data-w-pane-2) [**Technology-Driven** \\ \\ Our platform ensures a fast, efficient, and secure experience.](https://www.concentro.io/sellers#w-tabs-0-data-w-pane-3) ![](https://cdn.prod.website-files.com/6763d6cf120b46189e34bf8c/6784c8be0b1fd1a669fe13a4_301d5d76b81b10c96699447c2e84d63c_tab-cover5.avif) ![](https://cdn.prod.website-files.com/6763d6cf120b46189e34bf8c/6784c8beade2bc009f5b565d_f5ad52530da2905215cb6f050e206e1c_tab-cover6.avif) ![](https://cdn.prod.website-files.com/6763d6cf120b46189e34bf8c/6784c8be62bdfa7ea0dbdba3_b686fa9ee93ff5e0f8681ee437acfc2d_tab-cover7.avif) ![](https://cdn.prod.website-files.com/6763d6cf120b46189e34bf8c/6784c8bef45dc0f0e55e7910_e147f6bae39925a01b2958c2bef66ec3_tab-cover8.avif) ![](https://cdn.prod.website-files.com/6763d6cf120b46189e34bf8c/6784c8be0b1fd1a669fe13a4_301d5d76b81b10c96699447c2e84d63c_tab-cover5.avif) ### Economies of Scale We aggregate projects and create economies of scale to make transactions, insurance and related services accessible. ![](https://cdn.prod.website-files.com/6763d6cf120b46189e34bf8c/6784c8beade2bc009f5b565d_f5ad52530da2905215cb6f050e206e1c_tab-cover6.avif) ### Trusted Buyers We connect you with reputable corporate buyers seeking to invest in clean energy tax credits. ![](https://cdn.prod.website-files.com/6763d6cf120b46189e34bf8c/6784c8be62bdfa7ea0dbdba3_b686fa9ee93ff5e0f8681ee437acfc2d_tab-cover7.avif) ### End-to-End Support From qualification to transaction management, diligence, and underwriting, we handle the entire process. ![](https://cdn.prod.website-files.com/6763d6cf120b46189e34bf8c/6784c8bef45dc0f0e55e7910_e147f6bae39925a01b2958c2bef66ec3_tab-cover8.avif) ### Technology-Driven Our platform ensures a fast, efficient, and secure experience. ## Readytomonetizeyourtaxcredits? StarttransformingyourtaxcreditsintocapitaltodaywithConcentro'sseamless,technology-drivenplatform. [Get started](https://www.concentro.io/contact-us) [Schedule a call](https://www.concentro.io/schedule-a-call) ## Clean Energy Tax Credits # Maximizeyourtaxsavingswithcleanenergytaxcredits Seamlesslyacquiretaxcreditsfromverifiedcleanenergyprojectsandoptimizeyourfinancialstrategy. [Get started](https://www.concentro.io/contact-us) [Schedule a call](https://www.concentro.io/schedule-a-call) ![](https://cdn.prod.website-files.com/6763d6cf120b46189e34bf8c/6790be9ea31e3ddf7a5435de_b-hero.jpg) ![](https://cdn.prod.website-files.com/6763d6cf120b46189e34bf8c/676d1a82c70c8e2c5801e827_icon-4.svg) What we do ## TheConcentroadvantage ![](https://cdn.prod.website-files.com/6763d6cf120b46189e34bf8c/676eafae3cc09ffae0084856_icon-34.svg) ### Risk mitigation Our platform includes coverage for 100% of the tax credit amount, ensuring protection against recapture and misrepresentation. ![](https://cdn.prod.website-files.com/6763d6cf120b46189e34bf8c/676eafaff7c97a10bfc90026_icon-31.svg) ### Compliance assurance All projects undergo thorough qualification processes to ensure that they meet all regulatory requirements. ![](https://cdn.prod.website-files.com/6763d6cf120b46189e34bf8c/676eafaedb7ee2fbfa50351d_icon-32.svg) ### Expert guidance Our team of experts provides full support throughout the transaction process, from evaluation to closing. ![](https://cdn.prod.website-files.com/6763d6cf120b46189e34bf8c/676eafae8062626040856ce8_icon-33.svg) ### Transparency and trust Enjoy complete transparency in every transaction, with clear documentation and full access to our due diligence process. ![](https://cdn.prod.website-files.com/6763d6cf120b46189e34bf8c/676eb12f475e456fda223d78_icon-35.svg) How it works ## Simple,efficient,reliable Step 1 ### Explore available credits Browse verified clean energy projects and select the tax credits that align with your financial strategy. ![](https://cdn.prod.website-files.com/6763d6cf120b46189e34bf8c/676eb4efb93a44d389762804_how-work-4.avif) Step 2 ### Due diligence and verification Our platform conducts thorough due diligence on every project to ensure compliance and reduce risk. ![](https://cdn.prod.website-files.com/6763d6cf120b46189e34bf8c/676eb4efd542fa00b673df1b_how-work-1.avif) Step 3 ### Secure transactions Easily complete your purchase through our secure platform with full transparency. ![](https://cdn.prod.website-files.com/6763d6cf120b46189e34bf8c/676eb4ef2a639c7e90e46649_how-work-2.avif) Step 4 ### Take a backseat Receive continued support, including assistance with any tax credit recapture or compliance issues. ![](https://cdn.prod.website-files.com/6763d6cf120b46189e34bf8c/676eb4ef4a52c37c725f4090_how-work-3.avif) 1 2 3 4 ## WhybuytaxcreditsthroughConcentro? Asacorporatebuyer,acquiringcleanenergytaxcreditsoffersyousignificanttaxsavingswhilecontributingtoamoresustainablefuture.WithConcentro,yougainaccesstoasecureandstreamlinedplatformthatsimplifiestheprocessandmitigatesrisk. [**Tax liability optimization** \\ \\ Acquire tax credits at a discount and reduce your tax liability.](https://www.concentro.io/buyers#w-tabs-0-data-w-pane-0) [**Verified projects** \\ \\ Only approved and verified clean energy projects are listed on our platform, ensuring compliance and legitimacy.](https://www.concentro.io/buyers#w-tabs-0-data-w-pane-1) [**Streamlined process** \\ \\ Benefit from a seamless, secure platform that simplifies the acquisition of tax credits.](https://www.concentro.io/buyers#w-tabs-0-data-w-pane-2) [**Full support** \\ \\ Our team handles everything from due diligence to transaction management.](https://www.concentro.io/buyers#w-tabs-0-data-w-pane-3) ![](https://cdn.prod.website-files.com/6763d6cf120b46189e34bf8c/676ed364d81441d30591355e_tab-cover2.avif) ![](https://cdn.prod.website-files.com/6763d6cf120b46189e34bf8c/676ed3646d19dafa0472adee_tab-cover3.avif) ![](https://cdn.prod.website-files.com/6763d6cf120b46189e34bf8c/676ed3642b3abcb80400b06e_tab-cover1.avif) ![](https://cdn.prod.website-files.com/6763d6cf120b46189e34bf8c/676ed36517d751dcd109d39f_tab-cover4.avif) ![](https://cdn.prod.website-files.com/6763d6cf120b46189e34bf8c/676ed364d81441d30591355e_tab-cover2.avif) ### Tax liability optimization Acquire tax credits at a discount and reduce your tax liability. ![](https://cdn.prod.website-files.com/6763d6cf120b46189e34bf8c/676ed3646d19dafa0472adee_tab-cover3.avif) ### Verified projects Only approved and verified clean energy projects are listed on our platform, ensuring compliance and legitimacy. ![](https://cdn.prod.website-files.com/6763d6cf120b46189e34bf8c/676ed3642b3abcb80400b06e_tab-cover1.avif) ### Streamlined process Benefit from a seamless, secure platform that simplifies the acquisition of tax credits. ![](https://cdn.prod.website-files.com/6763d6cf120b46189e34bf8c/676ed36517d751dcd109d39f_tab-cover4.avif) ### Full support Our team handles everything from due diligence to transaction management. ## Learnhowtoreduceyourtaxliability StartmaximizingyourtaxsavingstodaybypurchasingcleanenergytaxcreditsthroughConcentro. [Get started](https://www.concentro.io/contact-us) [Schedule a call](https://www.concentro.io/schedule-a-call) ## Clean Energy Financing # Makingprojectfinanceaccessibleforcleanenergydevelopers Ourmissionistocreateandpromoteaccessiblefinancingmechanismsfordistributedgenerationprojects.Asweworktowardsacleaner,morereliable,andaffordableenergysystem,westrivetoempowerdeveloperswiththefinancialtoolstheyneedtosucceed. # Ourbackground Ateamwithastrongcleanenergy,financeandtechnologybackground,acrosssomeoftheworld'stopinstitutions ![](https://cdn.prod.website-files.com/6763d6cf120b46189e34bf8c/67826aa18625028c12eb9ad9_icon-36.svg) Meet our team ## Selectteammembers ![](https://cdn.prod.website-files.com/6763d6cf120b46189e34bf8c/67826b7de1a5375042c0fa24_team-person-4.avif) Tao Mantaras Co-Founder & COO ![](https://cdn.prod.website-files.com/6763d6cf120b46189e34bf8c/67826b7d070c591ecf3065ee_team-person-1.avif) Iñigo Rengifo Co-Founder & CEO ![](https://cdn.prod.website-files.com/6763d6cf120b46189e34bf8c/679115c240c37c00f9d67ad5_Liz.png) Liz Studlick Head of Clean Energy Finance ![](https://cdn.prod.website-files.com/6763d6cf120b46189e34bf8c/67826b7d8c6c04a09b40a138_team-person-3.avif) Enrique Apellaniz Strategy & Operations Director ![](https://cdn.prod.website-files.com/6763d6cf120b46189e34bf8c/67826b7de1a5375042c0fa5c_team-person-2.avif) Brett Schneider Founding Software Engineer ![](https://cdn.prod.website-files.com/6763d6cf120b46189e34bf8c/679115c2fff1702be70ef7ef_Tom.png) Tom Stilwell Founding Software Engineer ![](https://cdn.prod.website-files.com/6763d6cf120b46189e34bf8c/679115c1b9cf90e68af9d26e_Anna.png) Anna Lulushi Founding Software Engineer ![](https://cdn.prod.website-files.com/6763d6cf120b46189e34bf8c/679115c17ee29f36b38c52b4_Marcos.png) Marcos Pardo Strategy & Operations Manager ## Backedbyindustryleaders Concentroisproudtobesupportedbyadiversegroupofinvestorswhoshareourcommitmenttocleanenergyinnovation.Ourinvestorsinclude: ![](https://cdn.prod.website-files.com/6763d6cf120b46189e34bf8c/67826ff9298fa56d12d083b0_leaders-logo-2.avif) ![](https://cdn.prod.website-files.com/6763d6cf120b46189e34bf8c/67910f617551de30b681076a_ajeq6iyey7ixhfbqsexa.webp) ![](https://cdn.prod.website-files.com/6763d6cf120b46189e34bf8c/679110f8841efb31989bce81_FyX2xXdfZRxCBZfvNQdO5FPHrfi1710423674620_200x200.png) ![](https://cdn.prod.website-files.com/6763d6cf120b46189e34bf8c/67826ff984ac42bef95ce1f4_leaders-logo-5.avif) ![](https://cdn.prod.website-files.com/6763d6cf120b46189e34bf8c/67826ff997d7089a6617bb36_leaders-logo-7.avif) ![](https://cdn.prod.website-files.com/6763d6cf120b46189e34bf8c/67826ff911c030b8a6705c4d_leaders-logo-8.avif) ![](https://cdn.prod.website-files.com/6763d6cf120b46189e34bf8c/67826ff9c376a1c58e8df270_leaders-logo-6.avif) ![](https://cdn.prod.website-files.com/6763d6cf120b46189e34bf8c/67826ff90855d7002f22e3ac_leaders-logo-9.avif) ![]() ![](https://cdn.prod.website-files.com/6763d6cf120b46189e34bf8c/67826ff9298fa56d12d083b0_leaders-logo-2.avif) ![](https://cdn.prod.website-files.com/6763d6cf120b46189e34bf8c/67910f617551de30b681076a_ajeq6iyey7ixhfbqsexa.webp) ![](https://cdn.prod.website-files.com/6763d6cf120b46189e34bf8c/679110f8841efb31989bce81_FyX2xXdfZRxCBZfvNQdO5FPHrfi1710423674620_200x200.png) ![](https://cdn.prod.website-files.com/6763d6cf120b46189e34bf8c/67826ff984ac42bef95ce1f4_leaders-logo-5.avif) ![](https://cdn.prod.website-files.com/6763d6cf120b46189e34bf8c/67826ff997d7089a6617bb36_leaders-logo-7.avif) ![](https://cdn.prod.website-files.com/6763d6cf120b46189e34bf8c/67826ff911c030b8a6705c4d_leaders-logo-8.avif) ![](https://cdn.prod.website-files.com/6763d6cf120b46189e34bf8c/67826ff9c376a1c58e8df270_leaders-logo-6.avif) ![](https://cdn.prod.website-files.com/6763d6cf120b46189e34bf8c/67826ff90855d7002f22e3ac_leaders-logo-9.avif) ![]() ![](https://cdn.prod.website-files.com/6763d6cf120b46189e34bf8c/67826ff9298fa56d12d083b0_leaders-logo-2.avif) ![](https://cdn.prod.website-files.com/6763d6cf120b46189e34bf8c/67910f617551de30b681076a_ajeq6iyey7ixhfbqsexa.webp) ![](https://cdn.prod.website-files.com/6763d6cf120b46189e34bf8c/679110f8841efb31989bce81_FyX2xXdfZRxCBZfvNQdO5FPHrfi1710423674620_200x200.png) ![](https://cdn.prod.website-files.com/6763d6cf120b46189e34bf8c/67826ff984ac42bef95ce1f4_leaders-logo-5.avif) ![](https://cdn.prod.website-files.com/6763d6cf120b46189e34bf8c/67826ff997d7089a6617bb36_leaders-logo-7.avif) ![](https://cdn.prod.website-files.com/6763d6cf120b46189e34bf8c/67826ff911c030b8a6705c4d_leaders-logo-8.avif) ![](https://cdn.prod.website-files.com/6763d6cf120b46189e34bf8c/67826ff9c376a1c58e8df270_leaders-logo-6.avif) ![](https://cdn.prod.website-files.com/6763d6cf120b46189e34bf8c/67826ff90855d7002f22e3ac_leaders-logo-9.avif) ![]() ![](https://cdn.prod.website-files.com/6763d6cf120b46189e34bf8c/67826ff9298fa56d12d083b0_leaders-logo-2.avif) ![](https://cdn.prod.website-files.com/6763d6cf120b46189e34bf8c/67910f617551de30b681076a_ajeq6iyey7ixhfbqsexa.webp) ![](https://cdn.prod.website-files.com/6763d6cf120b46189e34bf8c/679110f8841efb31989bce81_FyX2xXdfZRxCBZfvNQdO5FPHrfi1710423674620_200x200.png) ![](https://cdn.prod.website-files.com/6763d6cf120b46189e34bf8c/67826ff984ac42bef95ce1f4_leaders-logo-5.avif) ![](https://cdn.prod.website-files.com/6763d6cf120b46189e34bf8c/67826ff997d7089a6617bb36_leaders-logo-7.avif) ![](https://cdn.prod.website-files.com/6763d6cf120b46189e34bf8c/67826ff911c030b8a6705c4d_leaders-logo-8.avif) ![](https://cdn.prod.website-files.com/6763d6cf120b46189e34bf8c/67826ff9c376a1c58e8df270_leaders-logo-6.avif) ![](https://cdn.prod.website-files.com/6763d6cf120b46189e34bf8c/67826ff90855d7002f22e3ac_leaders-logo-9.avif) ![]() ![](https://cdn.prod.website-files.com/6763d6cf120b46189e34bf8c/676d34fb5c130069a52c20a1_icon-19.svg) $750M+ tax credits on our platform ![](https://cdn.prod.website-files.com/6763d6cf120b46189e34bf8c/676d34fb75098f632a43fbc1_icon-21.svg) 200+ projects financed ![](https://cdn.prod.website-files.com/6763d6cf120b46189e34bf8c/676d34fb85bb78d01ec63654_icon-20.svg) 80+ developers supported ### Ourimpactinnumbers Thesekeyfiguresreflectourglobalreach,thevaluewedeliver,andthetangibleresultsofourefforts.Weareareliableteamunitingexpertiseincleanenergyprojectfinance,taxcredits,modeling,andsoftwaresolutions. [Get started](https://www.concentro.io/contact-us) ### Joinusinthecleanenergyrevolution! [Get started](https://www.concentro.io/contact-us) [Schedule a call](https://www.concentro.io/schedule-a-call) ![](https://cdn.prod.website-files.com/6763d6cf120b46189e34bf8c/6790d0ee0a2e36357abba701_cta-about.png) [iframe](https://td.doubleclick.net/td/rul/11296405091?random=1746731347275&cv=11&fst=1746731347275&fmt=3&bg=ffffff&guid=ON&async=1>m=45be5570v9175128503za200zb9138120011&gcd=13l3l3l3l1l1&dma=0&tag_exp=101509156~103101750~103101752~103116025~103130498~103130500~103200001~103233424~103251618~103251620~103284320~103284322~103301114~103301116&ptag_exp=101509156~103101750~103101752~103116025~103130498~103130500~103200001~103233424~103251618~103251620~103284320~103284322~103301114~103301116&u_w=1280&u_h=1024&url=https%3A%2F%2Fwww.concentro.io%2Fabout&hn=www.googleadservices.com&frm=0&tiba=About&did=dZGVlNj&gdid=dZGVlNj&npa=0&pscdl=noapi&auid=2128063036.1746731347&uaa=x86&uab=64&uafvl=Chromium%3B136.0.7103.59%7CGoogle%2520Chrome%3B136.0.7103.59%7CNot.A%252FBrand%3B99.0.0.0&uamb=0&uam=&uap=Linux%20x86_64&uapv=6.6.72&uaw=0&fledge=1&data=event%3Dgtag.config)[iframe](https://td.doubleclick.net/td/rul/11296405091?random=1746731347749&cv=11&fst=1746731347749&fmt=3&bg=ffffff&guid=ON&async=1&gcl_ctr=1>m=45be5570v9175128503z89138122718za200zb9138120011&gcd=13l3l3l3l1l1&dma=0&tag_exp=101509156~103101750~103101752~103116025~103130498~103130500~103200001~103233424~103251618~103251620~103284320~103284322~103301114~103301116&ptag_exp=101509156~103101750~103101752~103116025~103130498~103130500~103200001~103233424~103251618~103251620~103284320~103284322~103301114~103301116&u_w=1280&u_h=1024&url=https%3A%2F%2Fwww.concentro.io%2Fabout&label=GQPUCPSq878aEOPsxYoq&hn=www.googleadservices.com&frm=0&tiba=About&value=0&did=dZGVlNj&gdid=dZGVlNj&edid=dZGVlNj&bttype=purchase&npa=0&pscdl=noapi&auid=2128063036.1746731347&uaa=x86&uab=64&uafvl=Chromium%3B136.0.7103.59%7CGoogle%2520Chrome%3B136.0.7103.59%7CNot.A%252FBrand%3B99.0.0.0&uamb=0&uam=&uap=Linux%20x86_64&uapv=6.6.72&uaw=0&ec_mode=a&fledge=1&capi=1&_tu=Cg&em=tv.1&ct_cookie_present=0) ## Clean Energy Tax Credits [![](https://cdn.prod.website-files.com/6784e55928014e1b7492b1b4/67f0344ed0d0adaff367f2c8_2025_04_04%20-%20Spotlight%20The%20Rise%20of%20%E2%80%9CSmaller%E2%80%9D%20Tax%20Credit%20Transfers.png)\\ \\ Articles\\ \\ Spotlight:TheRiseof“Smaller”TaxCreditTransfers\\ \\ Smallercleanenergytaxcreditsareemergingasstrategicassetsinthepost-IRAlandscape.Onceoverlooked,thesecreditsaregainingtractionthankstomarketmaturity,bettertechnology,andgrowingbuyersophistication—offeringscalable,low-risk,andefficientwaysforcorporationstooptimizetaxstrategy.\\ \\ ![](https://cdn.prod.website-files.com/6784e55928014e1b7492b1b4/6793cd08af8f669be4f036ea_64ca7b1fc368a4ae40be7821_TaoAvatar.png)\\ \\ Tao Mantaras\\ \\ April 4, 2025\\ \\ •\\ \\ 7\\ \\ min read](https://www.concentro.io/blog/spotlight-the-rise-of-smaller-tax-credit-transfers) View all Articles Resources News [![](https://cdn.prod.website-files.com/6784e55928014e1b7492b1b4/6797fecdd27bac69cbc368a3_202501_DomesticContentTool_Article.webp)\\ \\ Resources\\ \\ **Unlock the 10% Domestic Content Bonus Adder with Concentro's New Domestic Content Calculator**\\ \\ The IRS has released updated guidance for calculating the domestic content of clean energy projects to qualify for the 10% Domestic Content Bonus Adder. To help developers navigate these new rules, Concentro has launched the Domestic Content Calculator—a streamlined tool that simplifies determining project eligibility by leveraging the updated safe harbor tables.\\ \\ ![](https://cdn.prod.website-files.com/6784e55928014e1b7492b1b4/6797fdb59bd87c649595ded7_PFP%20Liz%20Squared.png)\\ \\ Liz Studlick\\ \\ January 28, 2025\\ \\ •\\ \\ 2\\ \\ min read](https://www.concentro.io/blog/unlock-the-10-domestic-content-bonus-adder-with-concentros-new-domestic-content-calculator) [![](https://cdn.prod.website-files.com/6784e55928014e1b7492b1b4/6793d09f43bdbe9c15ea59cc_678908e4f31f93df805f4dd4_LIC_OpenToday_2025_Article_v1.jpeg)\\ \\ News\\ \\ **The Application Period for the 2025 Low-Income Communities Tax Credit Bonus Adder Begins Today**\\ \\ Application period for 48E(h) LIC Bonus Adder program starts today (1/16/2025)\\ \\ ![](https://cdn.prod.website-files.com/6784e55928014e1b7492b1b4/6793cd083fd954b5cff6de8c_66fec13f9ebbfb878523a54c_PFP%2520Enrique%2520Squared.png)\\ \\ Enrique Apellaniz\\ \\ January 16, 2025\\ \\ •\\ \\ 4\\ \\ min read](https://www.concentro.io/blog/the-application-period-for-the-2025-low-income-communities-tax-credit-bonus-adder-begins-today) [![](https://cdn.prod.website-files.com/6784e55928014e1b7492b1b4/6793d0a16d12ee2d638c109a_66fc4b9af4cd9a1934b60385_30C_Article_Image_v3_Size_2_1.jpeg)\\ \\ Articles\\ \\ **IRS Updates on 30C Tax Credits: A Game-Changer for EV Charging & Alternative Fuels**\\ \\ Key Changes Proposed in 30C Tax Credits (09/18/2024 Updates)\\ \\ ![](https://cdn.prod.website-files.com/6784e55928014e1b7492b1b4/6793cd083fd954b5cff6de8c_66fec13f9ebbfb878523a54c_PFP%2520Enrique%2520Squared.png)\\ \\ Enrique Apellaniz\\ \\ October 2, 2024\\ \\ •\\ \\ 7\\ \\ min read](https://www.concentro.io/blog/irs-updates-on-30c-tax-credits-a-game-changer-for-ev-charging-alternative-fuels) [![](https://cdn.prod.website-files.com/6784e55928014e1b7492b1b4/6793d0a0fa93a73291ee5232_6700174dafa7694e9d6bc529_20240624_NavigatingFinalPWA_Article_Picture_v1.jpeg)\\ \\ Resources\\ \\ **Navigating the Final Guidance on PW&A Requirements**\\ \\ The IRS released final guidance on the PW&A requirements, providing additional clarity on requirements for clean energy developers to maximize the tax credits available under the Inflation Reduction Act (IRA).\\ \\ ![](https://cdn.prod.website-files.com/6784e55928014e1b7492b1b4/6793cd080d2e9f2e4422b6cd_64ca7b1fc368a4ae40be7823_InigoAvatar.png)\\ \\ Iñigo Rengifo\\ \\ June 24, 2024\\ \\ •\\ \\ 8\\ \\ min read](https://www.concentro.io/blog/navigating-the-final-guidance-on-pw-a-requirements-d7252) [![](https://cdn.prod.website-files.com/6784e55928014e1b7492b1b4/6793d0a05c76154821de37f3_6700145ca66f2be49db2c607_20231222_IRAPreRegistrationPortal_Article_Picture_v1.jpeg)\\ \\ Resources\\ \\ **The IRS Opens the Pre-filing Registration Portal for IRA Tax Credits**\\ \\ This morning, the IRS has finally opened the electronic portal to pre-file for registration for clean energy projects aiming to monetize tax credits either through transfers or elective pay.\\ \\ ![](https://cdn.prod.website-files.com/6784e55928014e1b7492b1b4/6793cd080d2e9f2e4422b6cd_64ca7b1fc368a4ae40be7823_InigoAvatar.png)\\ \\ Iñigo Rengifo\\ \\ December 22, 2023\\ \\ •\\ \\ 2\\ \\ min read](https://www.concentro.io/blog/the-irs-opens-the-pre-filing-registration-portal-for-ira-tax-credits) [![](https://cdn.prod.website-files.com/6784e55928014e1b7492b1b4/6793d0a0d98f18b61a6f2602_652ff6a8ae1e4802f0a6eeef_City%2520and%2520Solar_Compressed_2x1.jpeg)\\ \\ Resources\\ \\ **A brief guide to the Low Income Communities Bonus Credit Program**\\ \\ The Low-Income Communities Bonus Credit Program application window will open in just a couple of days (October 19th), and it comes with an expected almost $1Bn annual investment in projects located in previously underserved communities.\\ \\ ![](https://cdn.prod.website-files.com/6784e55928014e1b7492b1b4/6793cd080d2e9f2e4422b6cd_64ca7b1fc368a4ae40be7823_InigoAvatar.png)\\ \\ Iñigo Rengifo\\ \\ October 18, 2023\\ \\ •\\ \\ 6\\ \\ min read](https://www.concentro.io/blog/a-brief-guide-to-the-low-income-communities-bonus-credit-program) [![](https://cdn.prod.website-files.com/6784e55928014e1b7492b1b4/6793d0a06b948cb67fab1bfb_652ff6b7f22f675febf250db_Finance_Compressed_2x1.jpeg)\\ \\ Articles\\ \\ **Understanding tax credit transfers' economics: The buyer's perspective**\\ \\ After the passage of the Inflation Reduction Act, clean energy tax credits can be transfered, presenting a very attractive investment opportunity for Corporates from a return, risk and ESG impact perspective.\\ \\ ![](https://cdn.prod.website-files.com/6784e55928014e1b7492b1b4/6793cd080d2e9f2e4422b6cd_64ca7b1fc368a4ae40be7823_InigoAvatar.png)\\ \\ Iñigo Rengifo\\ \\ September 25, 2023\\ \\ •\\ \\ 5\\ \\ min read](https://www.concentro.io/blog/understanding-tax-credit-transfers-economics-the-buyers-perspective) [![](https://cdn.prod.website-files.com/6784e55928014e1b7492b1b4/6793d0a067bb7d23bc56f6b3_651c7ac7b2c70df9cc12eefc_Wind%2520Turbines_Compressed.jpeg)\\ \\ Articles\\ \\ **The Inflation Reduction Act: Implications for Investment Tax Credits**\\ \\ The Inflation Reduction Act is one of the most significant economic plans in history. With clean energy initiatives as its main focus, tax credits take the center stage and are expected to change the US clean energy landscape.\\ \\ ![](https://cdn.prod.website-files.com/6784e55928014e1b7492b1b4/6793cd080d2e9f2e4422b6cd_64ca7b1fc368a4ae40be7823_InigoAvatar.png)\\ \\ Iñigo Rengifo\\ \\ August 28, 2023\\ \\ •\\ \\ 5\\ \\ min read](https://www.concentro.io/blog/the-inflation-reduction-act-implications-for-investment-tax-credits) [![](https://cdn.prod.website-files.com/6784e55928014e1b7492b1b4/6793d0a00fc9260029d81e8d_651c7d0527632211f959e7c3_All%2520technologies_Compressed.jpeg)\\ \\ Articles\\ \\ **Tax credit transferability: Why it will be transformational for the industry**\\ \\ Tax credit transferability, one of the key initiatives from the IRA, can be transformational for the clean energy industry by providing a mechanism for projects to monetize the value of tax credits received.\\ \\ ![](https://cdn.prod.website-files.com/6784e55928014e1b7492b1b4/6793cd080d2e9f2e4422b6cd_64ca7b1fc368a4ae40be7823_InigoAvatar.png)\\ \\ Iñigo Rengifo\\ \\ June 16, 2023\\ \\ •\\ \\ 4\\ \\ min read](https://www.concentro.io/blog/tax-credit-transferability-why-it-will-be-transformational-for-the-industry) [Load more](https://www.concentro.io/blog#) ## Readytotransformyourenergybusiness? Encouragevisitorstogetstartedwiththeplatformorrequestademoro. [Get started](https://www.concentro.io/contact-us) [Schedule a call](https://www.concentro.io/schedule-a-call) ## Concentro FAQ ## FrequentlyAskedQuestions FindanswerstocommonquestionsaboutConcentro,taxcredits,andhowourplatformhelpscleanenergydevelopersandcorporatebuyers. Filter by topic [General](https://www.concentro.io/faq#general) [For Sellers](https://www.concentro.io/faq#for-sellers) [For Buyers](https://www.concentro.io/faq#for-buyers) [Tax Credit](https://www.concentro.io/faq#tax-credit) [Platform and Security](https://www.concentro.io/faq#platform-and-security) ## General ### What does Concentro do? Concentro is a technology-driven platform that helps clean energy developers monetize their tax credits by connecting them with corporate buyers. Our mission is to accelerate clean energy projects by facilitating access to essential financing through tax credit transactions. ### How does your platform work? Concentro simplifies the process of buying and selling tax credits. For developers, we provide a secure and seamless way to convert tax credits into capital. For buyers, we offer an efficient method to acquire credits at a discount, which helps reduce tax liability. ## Questions for Sellers ### How do I monetize my tax credits through Concentro? Simply submit your clean energy project details through our platform. We conduct thorough due diligence to ensure your tax credits are eligible and structured for sale. Once verified, we connect you with corporate buyers, helping you secure financing. ### What kinds of projects qualify for tax credit monetization? Projects that qualify typically fall within the renewable energy sector, including solar, wind, and other clean energy initiatives. The eligibility is primarily determined by the tax credits provided under government legislation like the Inflation Reduction Act. ### How long does the process take? The timeline varies depending on the complexity of the project, but we strive to streamline the process. From submitting your project details to closing the transaction, it typically takes a few weeks. ## Questions for Buyers ### How do I buy tax credits through Concentro? Sign up for our platform to browse available tax credits from verified clean energy projects. Once you select the credits that align with your financial strategy, you can complete the purchase through our secure platform. ### What are the benefits of buying tax credits? Purchasing tax credits allows you to reduce your tax liability while contributing to clean energy initiatives. You buy credits at a discount, enabling tax savings and providing liquidity to clean energy developers. ### Is the process secure? Yes. We ensure all transactions are secure and transparent. Our platform verifies every project, ensuring compliance with regulations and minimizing risk for buyers. ## Tax Credit Specific ### What are tax credits, and how do they work? Tax credits are incentives offered by the government to encourage clean energy investment. These credits can be used to offset tax liabilities. Developers who do not have sufficient tax liability can sell their credits to corporate buyers, who can use them to reduce their own taxes. ### What is the Inflation Reduction Act, and how does it affect tax credits? The Inflation Reduction Act is a U.S. law that allows clean energy developers to sell their tax credits. This has created a new market for tax credit transactions, enabling developers to secure capital and helping companies reduce their tax liabilities. ### Are there risks associated with buying or selling tax credits? As with any financial transaction, there are risks. However, Concentro mitigates these risks through thorough project due diligence, compliance checks, and transaction transparency. We also provide coverage for the tax credit amounts, protecting buyers from potential recapture issues. ## Platform and Security ### Is Concentro’s platform secure? Yes, Concentro prioritizes the security of all transactions. Our platform uses advanced security measures to protect user data and ensure that all transactions are conducted safely and transparently. ### How does Concentro ensure compliance with regulations? We conduct thorough due diligence on every clean energy project listed on our platform to ensure that they comply with all applicable regulations. This ensures that both sellers and buyers can have confidence in the transaction process. ## Havemorequestions? ContactourteamformoreinformationabouthowConcentrocanhelpyouwithyourcleanenergyfinancingneeds. [Get started](https://www.concentro.io/contact-us) [Schedule a call](https://www.concentro.io/schedule-a-call) ## Schedule a Call ### Scheduleacall Readytolearnmoreabouttradingrenewableenergytaxcredits?Let'schat. What can I expect? ![](https://cdn.prod.website-files.com/6763d6cf120b46189e34bf8c/678650c12ed8d222f8d9f351_expect-icon-2.avif) Learn about buying and selling renewable tax credits ![](https://cdn.prod.website-files.com/6763d6cf120b46189e34bf8c/67864ef815f7020e93fc9c88_expect-icon-1.avif) Understand in detail how tax credits actually work ![](https://cdn.prod.website-files.com/6763d6cf120b46189e34bf8c/67864ef8dd60ba575b78060a_expect-icon-3.avif) Get personalized guidance on how to get started Select a Date & Time - Calendly [powered by\\ \\ Calendly](https://calendly.com/?utm_campaign=sign_up&utm_medium=badge&utm_source=invitee) ![Company logo](https://d3v0px0pttie1i.cloudfront.net/uploads/branding/logo/50619e31-63cc-4a49-a88b-722fdaf6ea75/e92d423e.png) Inigo Rengifo Melia # Introductory call 30 min Web conferencing details provided upon confirmation. 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[Go home](https://www.concentro.io/) ## Terms and Privacy Policy Legal [Terms & Conditions](https://www.concentro.io/terms-conditions-privacy-policy#terms-and-conditions) [Privacy Policy](https://www.concentro.io/terms-conditions-privacy-policy#) # Terms & Conditions Last Updated: January 19th, 2024 Concentro Inc. (“Concentro,” “we,” “us,” or “our”) owns or licenses all right, title and interest in and to this website (www.concentro.io) and all of its sub-domains (the “Website”).  We have established the following terms and conditions (the “Terms of Use”) with which you must comply when you access and view the Website.  All references to “you” or “your” refer to you and the entity on behalf of which you access or view the Website. By accessing, viewing or otherwise using the Website, you agree to the terms and conditions contained in these Terms of Use.  You affirm that you are fully able and competent to enter into the terms, conditions, obligations, affirmations, representations and warranties set forth in these Terms of Use, and to abide by and comply with these Terms of Use, and you hereby acknowledge that you have read and understood these Terms of Use and accept these Terms of Use without limitation or qualification.  If you do not accept the terms and conditions of these Terms of Use, do not access or view the Website. Your access and use of the Website is also subject to our Privacy Policy, the terms of which are incorporated herein by reference and made a part of these Terms of Use. Except as set forth in the Privacy Policy, any communications or materials you send to this Website, or otherwise to Concentro in any format in the absence of addition applicable terms or conditions, are provided on a non-confidential basis, and Concentro is under no obligation to refrain from reproducing, publishing, or otherwise using them in any manner. # 1\. Modifications to these Terms of Use From time to time, Concentro may without advance notice: (a) supplement or make changes to these Terms of Use and other rules, access and use procedures, documentation, security procedures, and standards for equipment related to the Website or (b) add, modify or remove any content from the Website.  All changes to the Terms of Use will be posted on this page and are effective as of the date they are posted.  Accordingly, you should periodically visit this page to review the terms of these Terms of Use.  Your access and viewing of the Website after a modification to these Terms of Use constitutes your acceptance of the modification.  If any change to these Terms of Use is not acceptable to you, your sole remedy is to cease accessing, browsing and otherwise using the Website. # 2\. Ownership (a) Concentro and its licensors own all information, text, reports, analyses, data, graphics, files, documents, images, sound recordings, audio and visual clips, interactive features, photographs, programs, applications, software, scripts, and any other content that you may access and view on the Website, as well as the collection, design, production, selection, layout, function, arrangement and “look and feel” thereof (the “Concentro Material”).  We may incorporate third party software as part of the Website, and all such third party software is subject to additional terms provided by the third party licensor.  The names, trademarks, service marks, logos, slogans and taglines appearing on the Website (the “Trademarks”) are owned by or licensed to Concentro and, if licensed, are used with permission of the owner.  The Trademarks and the Concentro Material are protected by trademark, copyright and other intellectual property laws.  You may not infringe upon the Trademarks or Concentro Material in any way.  Nothing on this Website or in these Terms of Use should be construed as granting, by implication, estoppel, or otherwise, any license or right to use any Trademarks or Concentro Material displayed on this Website without the prior written consent of Concentro specific for each such use. (b) You acknowledge and agree that all questions, comments, ideas, feedback or other information provided by you to us (“Feedback”) are not confidential and that we may reproduce, display, perform, distribute, publish, modify, edit or otherwise use such Feedback as we deem appropriate, for any and all commercial or non-commercial purposes, in our sole discretion.  If you suggest any new features and/or functionality for the Website that we subsequently incorporate into the Website (or any other website, product or service of ours), you further acknowledge that (i) Concentro shall own, and has all rights to use, such suggestions, and the Website (or any other website, product or service of ours) incorporating such new features and/or functionality shall be the sole and exclusive property of Concentro and (ii) all such suggestions shall be free from any confidentiality restrictions. # 3\. Your License Concentro hereby grants you a limited, non-exclusive, revocable, non-transferable license to access and view the Website for your personal, non-commercial use in accordance with the terms of these Terms of Use. This license does not give you any ownership or intellectual property interest in any Concentro Material or the Trademarks.  Other than as required to facilitate your permissible use, you may not reproduce, perform, publicly display, embed, create derivative works of, republish, upload, post, retransmit or redistribute in any way whatsoever any Concentro Material.  All rights not expressly granted to you under these Terms of Use are reserved by Concentro. # 4\. User Information You grant to Concentro a non-exclusive license to copy, use and display any and all data, information or communications (including personally identifiable data) you send us or enter into the Website (“Information”) to the extent necessary for Concentro to operate the Website, its business, and/or to facilitate interactions or transactions with you.  You acknowledge that Concentro exercises no control whatsoever over the content of the Information and it is your sole responsibility, at your own expense, to provide the Information, and to ensure that the Information you transmit or receive complies with all applicable laws and regulations now in place or enacted in the future.  Concentro is under no obligation, however, to review Information for accuracy, potential liability or for any other reason. # 5\. Electronic communications From time to time, Concentro may without advance notice: (a) supplement or make changes to these Terms of Use and other rules, access and use procedures, documentation, security procedures, and standards for equipment related to the Website or (b) add, modify or remove any content from the Website.  All changes to the Terms of Use will be posted on this page and are effective as of the date they are posted.  Accordingly, you should periodically visit this page to review the terms of these Terms of Use.  Your access and viewing of the Website after a modification to these Terms of Use constitutes your acceptance of the modification.  If any change to these Terms of Use is not acceptable to you, your sole remedy is to cease accessing, browsing and otherwise using the Website. # 6\. Prohibited Acts The following is a non-exhaustive list of activities that are prohibited in connection with your access, viewing and use of the Website: - copying, decompiling, reverse engineering, disassembling, attempting to derive the source code, modifying, transcribing, storing, translating, selling, leasing, transferring, distributing or creating derivative works of the Website, the Concentro Materials and/or the Trademarks; - web scraping, framing or utilizing framing techniques to enclose, or deep link to, any Concentro Materials, the Trademarks or other proprietary information of Concentro or its licensors; - criminal or tortious activity, including, but not limited to, fraud, trafficking in obscene material, gambling, harassment, stalking or spamming; - uploading or distributing files that contain viruses, corrupted files or other software or programs that may damage the operation of the Website or computer systems of Concentro and the Website’s users; - interfering with, disrupting or creating an undue burden on the Website; - removing, altering or obscuring any Trademark or other proprietary notice or legend of Concentro or its licensors contained in or on the Website and/or the Concentro Materials; - violating or attempting to violate the security of the Website or Concentro’s computer systems or using the Website to violate the security of other websites by any method; and - using the Website, the Concentro Materials and/or the Trademarks in a manner inconsistent with these Terms of Use or applicable laws and regulations. Concentro may take whatever remedial action it determines in its sole discretion is appropriate if you engage in any prohibited acts.  You agree that disputes arising from an alleged violation of these Terms of Use or any intellectual property rights may result in Concentro suffering irreparable harm and that, in the event of such a dispute, Concentro or its affiliates may seek a restraining order, preliminary injunctive relief, an injunction, specific performance or other equitable relief and/or legal remedies. # 7\. International Users We operate the Website from the United States of America.  We make no claims concerning whether the Concentro Material may be downloaded, viewed, or be appropriate for use outside of the United States.  If you choose to access the Website from outside of the United States, you are responsible for complying with applicable local laws. # 8\. Violations of these Terms of Use (a) You agree that we may, in our sole discretion and without prior notice, terminate your access to the Website and/or block your future access to the Website if we determine that you have violated or caused these Terms of Use to be violated or other agreements or guidelines associated with your use of the Website.  You also agree that any violation by you of these Terms of Use will constitute an unlawful and unfair business practice, and will cause irreparable harm to us, for which monetary damages would be inadequate, and you consent to our obtaining any injunctive or equitable relief that we deem necessary or appropriate in such circumstances.  These remedies are in addition to any other remedies we may have at law or in equity. (b) You agree that we may, in our sole discretion and without prior notice, terminate your access to the Website, including as a result of (i) requests by law enforcement or other government agencies, (ii) a request by you, (iii) discontinuance or material modification of the Website or any service offered on or through the Website or (iv) unexpected technical issues or problems.  We similarly reserve the right to do any of the following, at any time, without notice: (A) modify, suspend or terminate operation of or access to the Website, or any portion of the Website, for any reason; (B) modify or change the Website, or any portion of the Website, and any applicable policies or terms; and (C) interrupt the operation of the Website, or any portion of the Website, as necessary to perform routine or non-routine maintenance, error correction or other changes. (c) If we take any legal action against you due to your violation of these Terms of Use, we will be entitled to recover from you, and you agree to pay, all reasonable attorneys’ fees and costs of such action, in addition to any other relief granted to us.  You agree that we will not be liable to you or to any third party for termination of your access to the Website for any reason. # 9\. No Reliance on Information Posted The information presented on or through the Website is made available solely for general information purposes.  We do not warrant the accuracy, completeness, timeliness, or usefulness of this information.  Any reliance you place on such information is strictly at your own risk.  We disclaim all liability and responsibility arising from any reliance placed on such materials by you or any other visitor to the Website, or by anyone who may be informed of any of its contents. The Website may include content provided by third parties.  All statements and/or opinions expressed in these materials are solely the opinions and the responsibility of the person or entity providing those materials.  Such content does not necessarily reflect the opinion of Concentro.  We are not responsible, or liable to you or any third party, for the content or accuracy of any materials provided by any third parties. # 10\. Links from the Website Our Website may contain links to websites that are owned and controlled by third parties that are not within Concentro’s control, which are for your convenience only.  The sites you can link to have their own separate terms and conditions and privacy policies, which we encourage you to review prior to using such sites.  We are not responsible and cannot be held liable for the content and activities of those sites.  You therefore visit and access those sites entirely at your own risk. # 11\. Disclaimer of Warranties (a) THE WEBSITE AND THE CONCENTRO MATERIAL ARE PROVIDED “AS IS,” “AS AVAILABLE” AND WITH ALL FAULTS AND WITHOUT ANY WARRANTIES OF ANY KIND.  CONCENTRO DISCLAIMS ALL WARRANTIES, EXPRESS AND IMPLIED, WITH RESPECT TO THE WEBSITE AND THE CONCENTRO MATERIAL, INCLUDING, BUT NOT LIMITED TO, ANY WARRANTY OF ACCURACY, MERCHANTABILITY, NON-INFRINGEMENT, TITLE, QUALITY OF INFORMATION AND FITNESS FOR A PARTICULAR PURPOSE. (b) CONCENTRO DOES NOT MAKE ANY REPRESENTATIONS OR WARRANTIES REGARDING THE TRUTH, ACCURACY, COMPLETENESS, TIMELINESS, LEGALITY OR RELIABILITY OF ANY CONCENTRO MATERIAL.  THE WEBSITE MAY CONTAIN INACCURATE OR OUT-OF-DATE INFORMATION OR TYPOGRAPHICAL OR SPELLING ERRORS.  CONCENTRO RESERVES THE RIGHT TO CORRECT ANY ERRORS, INACCURACIES, STALENESS OR OMISSIONS; HOWEVER, CONCENTRO UNDERTAKES NO OBLIGATION TO UPDATE, AMEND OR CLARIFY THE WEBSITE OR ANY CONCENTRO MATERIAL, EXCEPT AS REQUIRED BY LAW.  NO SPECIFIED UPDATE DATE APPLIED TO THE WEBSITE SHOULD BE TAKEN TO INDICATE THAT ALL CONTENT HAS BEEN MODIFIED OR UPDATED. (c) CONCENTRO DOES NOT WARRANT THAT: (I) THE QUALITY OF THE WEBSITE OR THE CONCENTRO MATERIAL THAT YOU OBTAIN FROM CONCENTRO WILL SATISFY YOUR REQUIREMENTS OR MEET YOUR EXPECTATIONS, (II) THE WEBSITE WILL OPERATE UNINTERRUPTED AND ERROR-FREE OR (III) THE WEBSITE WILL BE FREE OF VIRUSES, WORMS OR OTHER HARMFUL MATERIAL.  YOU ASSUME THE RESPONSIBILITY TO TAKE ADEQUATE PRECAUTIONS AGAINST DAMAGES TO YOUR SYSTEMS OR OPERATIONS WHICH COULD BE CAUSED BY DEFECTS OR DEFICIENCIES IN THE WEBSITE. (d) CONCENTRO DISCLAIMS ALL RESPONSIBILITY AND LIABILITY FOR ANY PROBLEMS OR TECHNICAL MALFUNCTION OF THE INTERNET, COMPUTER SYSTEMS, SERVERS OR PROVIDERS, COMPUTER EQUIPMENT, MOBILE DEVICES, SOFTWARE OR FAILURE OF EMAIL DUE TO TECHNICAL PROBLEMS OR TRAFFIC CONGESTION ON THE INTERNET, INCLUDING INJURY OR DAMAGE TO ANY COMPUTER OR MOBILE DEVICE RELATED TO OR RESULTING FROM THE WEBSITE.  THE FOREGOING DOES NOT AFFECT ANY WARRANTIES WHICH CANNOT BE EXCLUDED OR LIMITED UNDER APPLICABLE LAW. (e) IN THE EVENT OF ANY PROBLEM WITH THE WEBSITE, YOU AGREE THAT YOUR SOLE REMEDY IS TO CEASE ACCESSING AND VIEWING THE WEBSITE. # 12\. Limitation of Liability YOU ACKNOWLEDGE THAT YOU ARE ACCESSING AND VIEWING THE WEBSITE AND THE CONCENTRO MATERIAL AT YOUR OWN RISK.  TO THE FULL EXTENT PERMITTED BY APPLICABLE LAW, CONCENTRO AND ITS LICENSORS, SERVICE PROVIDERS, EMPLOYEES, AGENTS, OFFICERS OR DIRECTORS SHALL NOT, UNDER ANY CIRCUMSTANCES, BE LIABLE FOR ANY DAMAGES OF ANY KIND, IN ANY WAY ARISING OUT OF OR IN CONNECTION WITH YOUR USE OF OR INABILITY TO ACCESS OR VIEW THE WEBSITE OR THE CONCENTRO MATERIAL INCLUDING, WITHOUT LIMITATION, ANY DIRECT, INDIRECT, SPECIAL, INCIDENTAL, CONSEQUENTIAL OR PUNITIVE DAMAGES, INCLUDING BUT NOT LIMITED TO, PERSONAL INJURY, PAIN AND SUFFERING, EMOTIONAL DISTRESS, LOSS OF REVENUE, LOSS OF PROFITS, LOSS OF BUSINESS OR ANTICIPATED SAVINGS, LOSS OF USE, LOSS OF GOODWILL, OR LOSS OF DATA, WHETHER SUCH CLAIMS ARE BASED IN CONTRACT, TORT, NEGLIGENCE OR ANY OTHER LEGAL THEORY, AND WHETHER OR NOT CONCENTRO IS ADVISED OF THE POSSIBILITY OF SUCH DAMAGES. # 13\. Indemnification You agree to defend, indemnify and hold harmless Concentro and its owners, managers, officers, directors, employees, contractors, agents, advisors and independent contractors from and against any action, claim, demand, damages, liabilities, costs or expenses (including attorneys’ fees and court costs) arising out of: (a) your access, viewing or use of the Website, (b) any conduct by you that actually or allegedly violates the terms of these Terms of Use, (c) your actual or alleged infringement of the intellectual property rights of third parties or (d) your actual or alleged failure to comply with any applicable laws and regulations. # 14\. Force Majeure Concentro shall not be in default or otherwise liable for any delay in or failure of its performance under these Terms of Use where such delay or failure arises by reason of any Act of God, epidemic, pandemic, any government or any governmental body, war, insurrection, acts of terrorism, the elements, strikes or labor disputes, or other similar or dissimilar causes beyond Concentro’s reasonable control.  Certain obligations may require the cooperation of third parties outside the control of Concentro.  In the event such third parties fail to cooperate in a manner that reasonably permits the performance of Concentro’s obligations, such failures shall be considered as causes beyond the reasonable control of Concentro and shall not be the basis for a determination that Concentro is in breach of any of its obligations under these Terms of Use or is otherwise liable. # 15\. General Provisions a) Relationship between the Parties.  These Terms of Use shall not be construed as creating any agency, partnership, joint venture or other similar legal relationship between you and Concentro; nor will either party hold itself out as an agent, partner or joint venture party of the other party.(b) Waiver.  No waiver shall be implied from conduct or failure to enforce rights.  No waiver shall be effective unless in a writing signed by all parties to be bound thereto. (c) Governing Law. These Terms of Use and all claims arising out of, related to, or in any way associated with it shall be construed and governed in all respects according to the laws of the State of New York without regard to the conflict of law provisions thereof.  You expressly agree to submit to the exclusive personal jurisdiction of the state and federal courts sitting in the City of New York in the State of New York.  Any cause of action or claim you may have with respect to the Website must be commenced within one (1) year after the claim or cause of action arises.  You specifically acknowledge and agree to the foregoing agreed upon statute of limitations. (d) Assignment.  Concentro may, at any time, in its sole discretion, and without notice to you, assign some or all of its rights and obligations under these Terms of Use.  You may not assign your rights or delegate your duties under these Terms of Use without the prior written consent of Concentro.(e) Severability.  If any provision of these Terms of Use is held invalid, illegal or unenforceable for any reason, such invalidity, illegality or unenforceability shall be deleted and shall not affect any other provision of these Terms of Use. (f) Entire Agreement.  These Terms of Use and the referenced Privacy Policy constitute the entire agreement between you and Concentro with respect to your use of the Website.  Any purported modification or amendment shall be void unless such modification or amendment was authorized and published by Concentro. # 16\. Contact Information If you have questions or concerns with respect to these Terms of Use, please contact Concentro by e-mail at [hello@concentro.io](mailto:hello@concentro.io), by phone at 617-792-4865, or by mail directed to Concentro Inc., 225 Rector Pl 14M, New York, 10280 NY, USA. # Privacy Policy Last Updated: January 19th, 2024 Concentro Inc. is the operator of this website (“Concentro,” “we” and “us”) and we care about your privacy.  We have developed this Privacy Policy (this “Policy”) to describe the information we collect, how that information may be used, with whom it may be shared, and your choices, in connection with your use of our website, including the Site hosted on the domain www.concentro.io, mobile applications that we may make available, all services provided by us in connection with such Sites, and any of our products and services that link to this Policy (collectively, our “services.”). Please read this Policy carefully before using our services. # Information We Collect We collect information in several ways, so we have explained the types of information that we collect in each context below.  Please note that this Policy does not apply to any information that you share with other users directly, whether or not such functionality is available through the services at any time.  For information about how providers or other users handle your information, please consult such providers and users about their privacy practices. Information You Provide to Us - Your Information: When you use our services, you may provide certain information directly to us.  For example, when you register with Concentro, we require that you provide us with your name and contact information.  You may also enter notes and other information about your users, your business, your vendors, or your customers. - Your Communication with Us: We collect information when you communicate with us. The specific types of information we collect will depend on the forum in which you communicate with us. For example, if you send us an email, we will collect your email address and the content of your email. Information We Automatically Collect As with most apps and websites, when you use our services we automatically receive and collect information about you and your device.  This information includes the following: - Information about your device, such as the operating system, hardware, system version, Internet Protocol (IP) address, device ID, and device language. - The specific actions that you take when you use our services, including but not limited to the pages and screens that you view or visit, search terms that you enter, how you interact with our services, and information about your interactions among providers and users. - The time, frequency, connection type, and duration of your use of our services. - Location information, such as GPS information. - Information regarding your interaction with email messages, for example, whether you opened, clicked on, or forwarded the email message. - Identifiers associated with cookies or other technologies that may uniquely identify your device or browser (as further described below); and - Pages you visited before or after navigating to our website. Cookies and Analytics As most websites and mobile applications do, we may use cookies, web beacons, and other technologies to receive and store certain types of information whenever you interact with our services through your computer or mobile device. A cookie is a small file containing a string of characters that is sent to your computer when you visit a website. When you visit the website again, the cookie allows that site to recognize your browser. Cookies may store unique identifiers, user preferences and other information. You can reset your browser to refuse all cookies or to indicate when a cookie is being sent. However, some website features or services may not function properly without cookies. We use cookies to analyze and improve our services, to store user preferences, track user trends, and provide relevant advertising to you. At the present time our services do not respond to “Do Not Track” signals or similar mechanisms. # How We Use Your Information In general, we collect information from you so that we can provide our services, operate our business, and provide information that you request from us. This includes the following uses and purposes: - Create and administer your registration with us. - Provide, operate, improve, maintain, and protect our services. - Provide you with technical and other support. - Send you services and company updates, marketing communication, and other information about Concentro and our services, and products and services of third parties, that we think you may be interested in. - Conduct research and analysis, and monitor and analyze trends and usage. - Enhance or improve user experience, our business, and our services, including the safety and security thereof. - Communicate with you and respond to inquiries. - Operate our business and perform any other function that we believe in good faith is necessary to protect the security or proper functioning of our services. - As necessary to comply with any applicable law, regulation, subpoena, legal process, or governmental request. - Enforce contracts and applicable Terms of Service, including investigation of potential violations thereof. - Detect, prevent, or otherwise address fraud, security or technical issues; and - Protect against harm to the rights, property or safety of Concentro, our users, customers, or the public as required or permitted by law. # How We Share Your Information _We do not rent or sell your personal information (any information that identifies you or is identifiable to you)._ Like most companies, we share information in certain circumstances with third parties through operation of our services and our business.  Below we explain when that happens. Service Providers We use third parties to assist us with operating our business and providing our services, such as our technology vendors that help us maintain our services and partners that assist us with our marketing and communication.  These service providers will have access to your information in order to provide services to us. As Directed By You and With Your Consent Except as otherwise provided in this Policy, we share information with companies, organizations or individuals outside of Concentro only at your direction or when we have your consent to do so. Legal Proceedings We may share information with third party companies, organizations, governmental authorities, or individuals outside of Concentro if we have a good-faith belief that access, use, preservation or disclosure of the information is reasonably necessary to: - Meet any applicable law, regulation, subpoena, legal process or governmental request; - Enforce a contract, including but not limited to any applicable Terms of Service, including investigation of potential violations thereof; - Detect, prevent, or otherwise address fraud, security or technical issues; or - Protect against harm to the rights, property or safety of Concentro, our users, customers or the public as required or permitted by law. Sale or Merger We may share information about you as part of a merger or acquisition if Concentro Inc. is involved in a merger, asset sale, financing, liquidation or bankruptcy, or acquisition of all or some portion of our business to another company, we may share your information with that company before and after the transaction closes. In such a case, unless otherwise directed by applicable law, your information would remain subject to the terms of the applicable privacy policy in effect at the time of such transfer. Aggregate Information We may de-identify or aggregate information so that you are not identified as an individual, and use and provide that information to third parties without restriction. We may also provide aggregate usage information to third parties (or allow third parties to collect that information from you), who may use such information to understand how often and in what ways people use our services. However, we never disclose aggregate usage or de-identified information to a third party (or allow a third party to collect such information) in a manner that would identify you as an individual person. # Choices about Your Information We strive to provide you with choices with respect to your information.  Also remember, you can opt not to disclose certain information to us.  Note that if you are a user under the auspices of a company (for example, if you are an employee user under your employer’s Concentro registration), your employer may have control over the information that is stored on our services. Modification and Access to Your Information You may be able to access and modify some of your information through the services.  If you would like to modify or access additional information that is not available through the services, please contact us at [hello@concentro.io](mailto:hello@concentro.io).  We may ask you to verify your identify or provide additional information before we act on your request.  We may reject or deny requests for certain reasons, such as when we believe a request is fraudulent. Deleting Your Information You may be able to delete some of your information through the services.  You may also request deletion by contacting us at [hello@concentro.io](mailto:hello@concentro.io).  Please note that in some cases we may be prohibited from deleting certain information (we will let you know in those situations, and some information may remain in our records after your deletion of such information). We may use any aggregated or de-identified data derived from or incorporating your information after you update or delete it, but not in a manner that would identify you personally.    Also, as noted above, your registration may be controlled by your employer or another organization that you are affiliated with. Marketing You may unsubscribe from Concentro marketing communications at any time by following the “unsubscribe” link at the bottom of any such communication. Most promotional communications will also offer recipients choices about receiving additional messages. # International Transfer We are based in the United States, and our services are hosted there.  If you are using our services from another country, the laws governing our collection and use of information may be different from the laws of your country.  If you decide to use our services, or share your information with us, you are agreeing to be governed by the laws of the United States, and agree to the transfer of your information to the United States. # Children Our Services are not directed at children under 13, and we do not knowingly collect information from children under 13. If you are under 13, please do not attempt to use our services or send any information about yourself to us.  If you are the parent of a child under the age of 13, and you believe he or she has shared information with us, please contact us at [hello@concentro.io](mailto:hello@concentro.io) so that we can remove such information from our systems. # Security of Your Information We use reasonable security measures, including measures designed to protect against unauthorized or unlawful processing and against accidental loss, destruction or damage to your information.  We also take certain measures to enhance the security of our services, however, since the Internet is not a 100% secure environment, we cannot guarantee, ensure, or warrant the security of any information you transmit to us. There is no guarantee that information may not be accessed, disclosed, altered, or destroyed by breach of any of our physical, technical, or managerial safeguards. It is your responsibility to protect the security of your login information. # Retention of Information We retain information in accordance with applicable laws. The length of time we keep information depends on the type of information and whether we have an on-going business or legal need to retain it (for example, to comply with applicable legal, tax or accounting requirements). Once we no longer have an on-going business or legal need to retain your information, we delete, aggregate, or de-identify it. # Third Party Websites and Services Our services may contain links to other websites and services operated by third parties. These third-party websites and services may collect information about you if you click on a link or visit those websites or services. Your interactions with these features and third parties are governed by the privacy policy of the third party, not by this Policy. # Changes to this Policy We may make changes to this Policy from time to time. When we do, we will post the updated version on this page. We encourage you to read this page each time that you use our services so that you will be aware of any changes, and your continued use of our services shall constitute your acceptance of any such changes. 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[Go home](https://www.concentro.io/) ## Smaller Tax Credit Growth [All Posts](https://www.concentro.io/blog) Articles 7 min read # Spotlight:TheRiseof“Smaller”TaxCreditTransfers ![](https://cdn.prod.website-files.com/6784e55928014e1b7492b1b4/67f0344ed0d0adaff367f2c8_2025_04_04%20-%20Spotlight%20The%20Rise%20of%20%E2%80%9CSmaller%E2%80%9D%20Tax%20Credit%20Transfers.png) Written by Tao Mantaras Published on April 4, 2025 [copied!](https://www.concentro.io/blog/spotlight-the-rise-of-smaller-tax-credit-transfers#) In just two years, the market for transferable clean energy tax credits has grown from virtually nonexistent to over $30B in size - arguably one of the most impressive market creations in recent history. The catalyst for this rapid transformation was the Inflation Reduction Act (IRA), which introduced tax credit "transferability". At its core, transferability aimed to simplify the monetization of tax credits for clean energy projects, offering an efficient alternative to previously dominant, yet complex and costly, tax equity. However, despite early enthusiasm around the IRA’s potential, “smaller” credits (in particular those under $20M) didn’t gain immediate traction. Larger corporate buyers remained cautious, viewing these smaller credits as carrying disproportionate administrative effort and heightened risk. Meanwhile, mid-sized corporate buyers took time to educate themselves on the opportunity before engaging. Yet, over the past several months, this perception has dramatically shifted. Market maturity, new entrants, technological advancements, growing buyer sophistication, and deeper liquidity have transformed “smaller” tax credits from niche into core components of strategic corporate tax management. So what exactly has changed, and why should companies care? ### How the Landscape Has Evolved Before the IRA rewrote the rules of the playing field, the primary mechanism to monetize tax credits was through a process called tax equity. Due to its complexity and cost, however, only the largest clean energy projects were able to access it. This meant that for the majority of “smaller” projects - what is broadly known as “distributed generation” or “DG” (think commercial & industrial (C&I) or community solar assets) - the juice was just not worth the squeeze, limiting access for “smaller” project developers to tap into this opportunity. Then along came the IRA and with it “transferability”, a brand new mechanism that allowed the sale or transfer of a tax credit between two parties without the complexity and headache of tax equity. In theory, these new rules promised to simplify tax credit monetization and unlock an entire segment of the market - small & mid-sized projects - that had previously been shut out. ### A Growing Focus on Smaller Credits Despite the excitement around the IRA, its promised benefits did not play out overnight. The market initially exhibited inertia, held back by long-standing beliefs that smaller tax credits carried a greater administrative burden and higher perceived risk. However, as familiarity with the IRA’s new transferability rules has grown and market infrastructure has matured, these outdated perceptions have begun to fade. Several key factors are now accelerating this shift and reinforcing the attractiveness of smaller credits: - **Growing liquidity**: Not only has demand for clean energy tax credits increased within the Fortune 500 group, it’s expanded significantly beyond this segment with mid-cap companies, large multinational corporations with mid-sized tax liabilities, and other private and public entities entering the market. More eyeballs has resulted in more attention being paid to smaller projects. - **Perception of risk is evolving**: There’s a subtle and often overlooked difference between the perception of risk and the true intrinsic risk. As the market continues to mature, buyers are becoming better at underwriting the actual risks of smaller credits, spoiler: they are much less risky than the general perception - more on that below. - **Technological innovations**: Advances in technology, namely AI, can significantly reduce the friction associated with due diligence and deal execution. Technology can now bear the brunt of the necessary heavy-lifting associated with a comprehensive project diligence process (ensuring tax credits are valid and legitimate), reserving expensive attorney and CPA fees only for the final review stages of a transaction. - **Policy intent playing out**: We already know that one of the IRA’s core intents was to make tax credit monetization accessible to all, so it shouldn’t be a surprise to see it beginning to play out - it just needed some time! ### Three Most Common Use Cases, Who is Benefiting? Over the past few months, we’ve observed three common buyer profiles looking to engage in smaller tax credit purchases: 1. **New entrants**: We can categorise new entrants into two key buckets: 1. Large corporations with limited previous experience looking to “dip their toes into the market” with a smaller initial tax credit purchase. 1. Small/mid-cap corporations with $5-50M in tax liabilities looking for similar sized tax credits. 1. **Excess capacity utilization**: We’ve also seen buyers with excess tax appetite look to smaller credits as a “top-up”. For example, Acme Inc. has a tax credit appetite of $210M and has already engaged in a $200M tax credit purchase, so is in the market for a smaller $10M project. 1. **Intentional tax diversification strategy**: In some cases, we have seen buyers adopt an even more intentional strategy - purchasing a variety of tax credits (size, type, technology) in order to optimize their average credit pricing and diversify risk profile. For example, Acme Inc. purchases a total of $270M at a blended price of 93.6 cents. 1. $200M project at 94 cents → $12M in savings 1. $50M bundle at 93 cents → $3.5M in savings 1. $20M bundle at 91.5 cents → $1.7M in savings ### Scalable, Efficient, and Low-Risk Transactions An important question many buyers have is whether smaller tax credits inherently carry more risk than larger ones. The short answer is: not necessarily - and here’s why: 1. **Fewer compliance requirements**: Projects under 1MW are exempt from certain regulatory requirements, most notably prevailing wage and apprenticeship (PWA) rules. Given that compliance with these regulations is often a primary source of audit and recapture risk, smaller projects inherently face fewer potential pitfalls. 2. **Simpler project financing structures**: Small and mid-sized projects, particularly those in the C&I or DG space, often benefit from simpler and more streamlined financing structures. Unlike large, bespoke utility-scale projects, which often involve complex financial structures, smaller projects generally require less intricate arrangements which translates directly into fewer potential failure points from a project performance and execution standpoint. 3. **Risk diversification**: Oftentimes, smaller credits will be bundled together to create larger portfolios so that they match a buyer’s minimum appetite. For example, a portfolio totalling $10M composed of 10x smaller $1M credits. Since the risk of recapture remains low across projects of all sizes, a portfolio of tax credits reduces the risk through diversification so that “not all eggs are in one basket”. 4. **Insurance protection**: A robust insurance market has evolved significantly, providing comprehensive recapture insurance for tax credits of all sizes - including smaller credits, which were historically excluded due to cost-prohibitive minimum insurance premiums. Today, each insured tax credit dollar holds equal protection, regardless of the project's size. Given the manageable risk profile, the next logical question is whether smaller credits are worth the effort. Is there significant additional administrative burden associated with smaller projects or bundles of smaller credits? The reality is that the administrative workload need not scale linearly with the number of projects, especially when properly structured into a portfolio: - **Standardized diligence process**: Due to their simpler and uniform nature, smaller projects benefit from more standardized diligence processes. General diligence checks (such as cost segregation studies, developer credentials & financials, etc.) can often be conducted at a portfolio or aggregate level, significantly streamlining the process. - **Efficiency with scale**: With most diligence items applicable across multiple projects within a portfolio, the incremental work per additional project becomes minimal. This ensures that the time, effort, and cost associated with evaluating a portfolio of projects remain manageable. - **Specialized platforms**: Platforms like Concentro further simplify the process, handling comprehensive diligence, providing standardized legal documentation (such as Term Sheets and Tax Credit Transfer Agreements), and arranging full insurance coverage. For the buyer and their counsel, this integrated service translates into a seamless, straightforward experience, regardless of how many credits are being considered. In short, “smaller” tax credit transactions, especially when aggregated into portfolios and managed by experienced providers, can offer a compelling balance of manageable risk, streamlined administrative effort, and valuable financial benefits. ### The Bottom Line Ultimately, the rise of smaller tax credits isn’t just about the increase in liquidity for smaller developers, it’s about smarter and more strategic tax management that we see playing out at the corporate level. We’ve seen an explosion in the number and types of companies looking to buy tax credits, and we only expect that to grow further as the market continues to mature. Smaller tax credits, previously shunned, are quickly becoming a core part of the tax credit transfer playbook - providing companies with an additional source of high quality, vetted and insured clean energy tax credits. ‍ Subscribe to newsletter Subscribe to receive the latest blog posts to your inbox every week. Subscribe By submitting this form
you agree with our [Privacy Policy](https://www.concentro.io/terms-conditions-privacy-policy#privacy-policy) ![](https://cdn.prod.website-files.com/6763d6cf120b46189e34bf8c/6787a5fe56dd808c3e209752_success-icon.png) Thanks for subscribing. You have successfully subscribed to our newsletter. Done Oops! Something went wrong while submitting the form. Share this post [copied!](https://www.concentro.io/blog/spotlight-the-rise-of-smaller-tax-credit-transfers#) ![](https://cdn.prod.website-files.com/6784e55928014e1b7492b1b4/6793cd08af8f669be4f036ea_64ca7b1fc368a4ae40be7821_TaoAvatar.png) Tao Mantaras Co-Founder , Concentro # Latest Posts [View all](https://www.concentro.io/blog) [![](https://cdn.prod.website-files.com/6784e55928014e1b7492b1b4/6797fecdd27bac69cbc368a3_202501_DomesticContentTool_Article.webp)\\ \\ Resources\\ \\ **Unlock the 10% Domestic Content Bonus Adder with Concentro's New Domestic Content Calculator**\\ \\ The IRS has released updated guidance for calculating the domestic content of clean energy projects to qualify for the 10% Domestic Content Bonus Adder. To help developers navigate these new rules, Concentro has launched the Domestic Content Calculator—a streamlined tool that simplifies determining project eligibility by leveraging the updated safe harbor tables.\\ \\ ![](https://cdn.prod.website-files.com/6784e55928014e1b7492b1b4/6797fdb59bd87c649595ded7_PFP%20Liz%20Squared.png)\\ \\ Liz Studlick\\ \\ January 28, 2025\\ \\ •\\ \\ 2\\ \\ min read](https://www.concentro.io/blog/unlock-the-10-domestic-content-bonus-adder-with-concentros-new-domestic-content-calculator) [![](https://cdn.prod.website-files.com/6784e55928014e1b7492b1b4/6793d0a16d12ee2d638c109a_66fc4b9af4cd9a1934b60385_30C_Article_Image_v3_Size_2_1.jpeg)\\ \\ Articles\\ \\ **IRS Updates on 30C Tax Credits: A Game-Changer for EV Charging & Alternative Fuels**\\ \\ Key Changes Proposed in 30C Tax Credits (09/18/2024 Updates)\\ \\ ![](https://cdn.prod.website-files.com/6784e55928014e1b7492b1b4/6793cd083fd954b5cff6de8c_66fec13f9ebbfb878523a54c_PFP%2520Enrique%2520Squared.png)\\ \\ Enrique Apellaniz\\ \\ October 2, 2024\\ \\ •\\ \\ 7\\ \\ min read](https://www.concentro.io/blog/irs-updates-on-30c-tax-credits-a-game-changer-for-ev-charging-alternative-fuels) [![](https://cdn.prod.website-files.com/6784e55928014e1b7492b1b4/6793d0a0fa93a73291ee5232_6700174dafa7694e9d6bc529_20240624_NavigatingFinalPWA_Article_Picture_v1.jpeg)\\ \\ Resources\\ \\ **Navigating the Final Guidance on PW&A Requirements**\\ \\ The IRS released final guidance on the PW&A requirements, providing additional clarity on requirements for clean energy developers to maximize the tax credits available under the Inflation Reduction Act (IRA).\\ \\ ![](https://cdn.prod.website-files.com/6784e55928014e1b7492b1b4/6793cd080d2e9f2e4422b6cd_64ca7b1fc368a4ae40be7823_InigoAvatar.png)\\ \\ Iñigo Rengifo\\ \\ June 24, 2024\\ \\ •\\ \\ 8\\ \\ min read](https://www.concentro.io/blog/navigating-the-final-guidance-on-pw-a-requirements-d7252) [![](https://cdn.prod.website-files.com/6784e55928014e1b7492b1b4/6793d0a0d98f18b61a6f2602_652ff6a8ae1e4802f0a6eeef_City%2520and%2520Solar_Compressed_2x1.jpeg)\\ \\ Resources\\ \\ **A brief guide to the Low Income Communities Bonus Credit Program**\\ \\ The Low-Income Communities Bonus Credit Program application window will open in just a couple of days (October 19th), and it comes with an expected almost $1Bn annual investment in projects located in previously underserved communities.\\ \\ ![](https://cdn.prod.website-files.com/6784e55928014e1b7492b1b4/6793cd080d2e9f2e4422b6cd_64ca7b1fc368a4ae40be7823_InigoAvatar.png)\\ \\ Iñigo Rengifo\\ \\ October 18, 2023\\ \\ •\\ \\ 6\\ \\ min read](https://www.concentro.io/blog/a-brief-guide-to-the-low-income-communities-bonus-credit-program) [![](https://cdn.prod.website-files.com/6784e55928014e1b7492b1b4/6793d0a06b948cb67fab1bfb_652ff6b7f22f675febf250db_Finance_Compressed_2x1.jpeg)\\ \\ Articles\\ \\ **Understanding tax credit transfers' economics: The buyer's perspective**\\ \\ After the passage of the Inflation Reduction Act, clean energy tax credits can be transfered, presenting a very attractive investment opportunity for Corporates from a return, risk and ESG impact perspective.\\ \\ ![](https://cdn.prod.website-files.com/6784e55928014e1b7492b1b4/6793cd080d2e9f2e4422b6cd_64ca7b1fc368a4ae40be7823_InigoAvatar.png)\\ \\ Iñigo Rengifo\\ \\ September 25, 2023\\ \\ •\\ \\ 5\\ \\ min read](https://www.concentro.io/blog/understanding-tax-credit-transfers-economics-the-buyers-perspective) [![](https://cdn.prod.website-files.com/6784e55928014e1b7492b1b4/6793d0a067bb7d23bc56f6b3_651c7ac7b2c70df9cc12eefc_Wind%2520Turbines_Compressed.jpeg)\\ \\ Articles\\ \\ **The Inflation Reduction Act: Implications for Investment Tax Credits**\\ \\ The Inflation Reduction Act is one of the most significant economic plans in history. With clean energy initiatives as its main focus, tax credits take the center stage and are expected to change the US clean energy landscape.\\ \\ ![](https://cdn.prod.website-files.com/6784e55928014e1b7492b1b4/6793cd080d2e9f2e4422b6cd_64ca7b1fc368a4ae40be7823_InigoAvatar.png)\\ \\ Iñigo Rengifo\\ \\ August 28, 2023\\ \\ •\\ \\ 5\\ \\ min read](https://www.concentro.io/blog/the-inflation-reduction-act-implications-for-investment-tax-credits) [![](https://cdn.prod.website-files.com/6784e55928014e1b7492b1b4/6793d0a00fc9260029d81e8d_651c7d0527632211f959e7c3_All%2520technologies_Compressed.jpeg)\\ \\ Articles\\ \\ **Tax credit transferability: Why it will be transformational for the industry**\\ \\ Tax credit transferability, one of the key initiatives from the IRA, can be transformational for the clean energy industry by providing a mechanism for projects to monetize the value of tax credits received.\\ \\ ![](https://cdn.prod.website-files.com/6784e55928014e1b7492b1b4/6793cd080d2e9f2e4422b6cd_64ca7b1fc368a4ae40be7823_InigoAvatar.png)\\ \\ Iñigo Rengifo\\ \\ June 16, 2023\\ \\ •\\ \\ 4\\ \\ min read](https://www.concentro.io/blog/tax-credit-transferability-why-it-will-be-transformational-for-the-industry) [![](https://cdn.prod.website-files.com/6784e55928014e1b7492b1b4/6793d0a05c76154821de37f3_6700145ca66f2be49db2c607_20231222_IRAPreRegistrationPortal_Article_Picture_v1.jpeg)\\ \\ Resources\\ \\ **The IRS Opens the Pre-filing Registration Portal for IRA Tax Credits**\\ \\ This morning, the IRS has finally opened the electronic portal to pre-file for registration for clean energy projects aiming to monetize tax credits either through transfers or elective pay.\\ \\ ![](https://cdn.prod.website-files.com/6784e55928014e1b7492b1b4/6793cd080d2e9f2e4422b6cd_64ca7b1fc368a4ae40be7823_InigoAvatar.png)\\ \\ Iñigo Rengifo\\ \\ December 22, 2023\\ \\ •\\ \\ 2\\ \\ min read](https://www.concentro.io/blog/the-irs-opens-the-pre-filing-registration-portal-for-ira-tax-credits) [![](https://cdn.prod.website-files.com/6784e55928014e1b7492b1b4/6793d09f43bdbe9c15ea59cc_678908e4f31f93df805f4dd4_LIC_OpenToday_2025_Article_v1.jpeg)\\ \\ News\\ \\ **The Application Period for the 2025 Low-Income Communities Tax Credit Bonus Adder Begins Today**\\ \\ Application period for 48E(h) LIC Bonus Adder program starts today (1/16/2025)\\ \\ ![](https://cdn.prod.website-files.com/6784e55928014e1b7492b1b4/6793cd083fd954b5cff6de8c_66fec13f9ebbfb878523a54c_PFP%2520Enrique%2520Squared.png)\\ \\ Enrique Apellaniz\\ \\ January 16, 2025\\ \\ •\\ \\ 4\\ \\ min read](https://www.concentro.io/blog/the-application-period-for-the-2025-low-income-communities-tax-credit-bonus-adder-begins-today) ## Tax Credit Transfers Explained [All Posts](https://www.concentro.io/blog) Articles 5 min read # Understandingtaxcredittransfers'economics:Thebuyer'sperspective ![](https://cdn.prod.website-files.com/6784e55928014e1b7492b1b4/6793d0a06b948cb67fab1bfb_652ff6b7f22f675febf250db_Finance_Compressed_2x1.jpeg) Written by Iñigo Rengifo Published on September 25, 2023 [copied!](https://www.concentro.io/blog/understanding-tax-credit-transfers-economics-the-buyers-perspective#) Tax credits can be a very attractive financial investment - as the large banks have enjoyed for multiple years via the tax equity market. In principle, tax credits can provide very attractive (even “infinite”) returns with very limited risk, while helping unlock cash for clean energy projects (and, in some cases, low income communities) and driving developments - almost a “trifecta”. ## How to think about the return/yield: Tax credits are a dollar-for-dollar reduction in taxes, and they are purchased at a discount (e.g., 90 cents on the dollar) versus their face value (i.e., the amount of taxes that can be reduced). For example, a buyer may pay $900 for $1,000 of tax credits. In the example provided above, the buyer receives a 10% discount and $100 in net savings. The return on investment (ROI) is slightly higher though: 11.1%. The math would be that with $900 of investment, $1,000 of value has been obtained: $1,000/$900 = 11.1%. Moreover, the timing of those returns is important - it is not the same to receive 11.1% in a year than in two months. This is where yields can become quite substantial: the closer that the investment is made to the date that taxes are “saved”, the higher the yield. For example, if tax credits are purchased 3 months before filing taxes, the simple annualized yield would be 44.4%. Quite high, right? In a way, the “floor” or minimum yield would almost be 11.1% if credits are acquired at the beginning of the year and taxes are only filed once per year. That being said, most C-Corps file quarterly estimates, which would mean that the "floor" would be 44.4%, and the closer to the filing date, the higher (e.g., 121.2% if acquired one month before). Very few financial products provide these returns with the level of risk of tax credits. Again, this would be for a 10% discount - we are seeing the market around these discounts without tax recapture insurance (even higher discounts) and a bit less discount with insurance (although with virtually no risk in this case). ## “The infinite return” It can get even more interesting - the Inflation Reduction Act states that corporates can adjust their estimated tax filings with their expected tax credit purchases. This means that the returns could be collected even before the investment is made, leading to “infinite” yields. To use an example, a corporate could reach an agreement in February to purchase $1,000 of tax credits in May for $900. In its quarterly estimated filings in March, it could cash in the $1,000 by paying less taxes and then make a $900 investment in May with part of the savings. At no point did the corporate need to set cash aside to invest in the tax credits. ## What are the risks then? In summary, tax credits have very limited risks (e.g., recapture events are very rare) and they can be mitigated via diligence and diversification. Furthermore, if desired, buyers can virtually eliminate the risks by adding “tax recapture insurance” that would cover the risks involved in the transaction. As a result, buyers can choose a slightly higher return with some risk exposure or a slightly lower risk with virtually no risk, as it will be protected via insurance. Our advice to buyers is to leverage insurance until they grow comfortable with the risks and the counterpart. That being said, to be exhaustive, the risk of tax credits being recaptured (partially or fully) can be bucketed into three main groups: 1. Structure: if the transaction was not properly executed (e.g., documentation was done properly, the buyer was not eligible, etc.) - in our view, by involving third-party experts (as we do at Concentro) this risk should almost be non-existent. Moreover, it is fixable (e.g., tax filings can be amended). 2. Qualification: if the amount claimed for the tax credit exceeded the eligible amount (e.g., non-eligible costs included, excessive step-up of the cost basis) or if the requirements for the base tax credit or the adders claimed are not met (e.g., wage & apprenticeship requirements) - again, by leveraging expert input and performing a thorough diligence process (as we do at Concentro), these risks should become almost negligible. Moreover, smaller projects do not have wage & apprenticeship requirements which virtually eliminates the qualification risk. 3. Recapture: after the project becomes operational, there is a window of five years during which the IRS could recapture (partially or fully) the tax credit. The main sources of recapture are a transfer of ownership, a foreclosure or a project not being operational - these situations should not be common in projects and can be protected via indemnities (as well as via insurance, of course), but this would present the main source of risk. Lastly, recapture risk is “vested”: each year, the amount that can be recaptured is reduced by 20%. Considering all of this, our view is that, with a proper diligence process, the returns described before clearly outweigh the risks - said another way, the risk-return profile is attractive. Moreover, by acquiring tax credits from different projects, risks can be diversified. Still, as indicated before, there is an extra tool in case corporates do not want to assume the risk: tax recapture insurance. Tax recapture insurance protects buyers against all of the risks described above, except for those in which there is a willful event with a breach of contract (e.g., the buyer elects to transfer the property) - cases in which indemnities should be easy to claim, as there would be a liquidity event. Tax recapture insurance should come at a 3-4% cost depending on multiple factors. Rewinding a bit, if a tax credit is purchased for a 10% discount, the buyer could virtually elect to get an 11.1% return (much higher yield) with some risk, or forfeit 3% of the discount, and get a 7.5% return (lower yield). If this is executed 3 months from filing taxes (“the floor case”) it would be a choice between a 44.4% return with limited risk or a 30% return with almost no risk. ## Why are smaller projects more attractive? Smaller projects provide an interesting arbitrage: with fewer liquidity options available, they are willing to accept larger discounts (e.g., 10-15%) which lead to higher returns. On the risk side, if they are under 1 MW, they do not have to meet the only requirement to claim the base tax credit, the prevailing wage & apprenticeship requirements. Additionally, most of these projects claim the tax credits on a “cost” basis (straightforward and objective) while most of the large projects do it on a “fair market value” basis and add “step-ups” to the costs (subjective). Therefore, they can provide higher returns with lower risks. What's the catch? You need to do more transactions to get to the same total amount. At Concentro we absorb all the complexity and costs involved in these transactions so, for our buyers, it just results in a higher diversification - we charge a flat fee on transaction volume, not number of transactions, and we take care of all the costs and work. ## How should I think about it from a Corporate Sustainability angle? The truth is that not all tax credits will come with the RECs (“the green attribute”) - in fact, most tax credits most likely will not come with these attributes. Therefore, from a regulatory perspective, it may not count towards decarbonization metrics. That being said, tax credit transfers allow projects to happen. As a result, from an “additionality” perspective, investing in tax credits will result in more clean energy projects being developed and a substantial impact on the energy transition. We are seeing it with our clients - for some projects, it makes all the difference. Furthermore, many of these projects will have a strong community and social impact. In fact, the IRA provides an extra 10-20% bonus tax credits for Low Income Communities, to contritbute to "climate justice". As a result, channeling funds to these projects may have a "double" ESG impact, helping from an environment and social perspective. So, when corporates think about how to channel funds into clean energy, we believe that tax credits should be one of the main options as they can have a significant impact (also social), while also being very attractive investments from a risk-return perspective. ## Final thoughts: In summary, tax credits can present a very attractive investment opportunity for corporates that could outperform most asset classes, while also providing much-needed capital for clean energy developments. Moreover, tax recapture insurance further sweetens the deal by virtually eliminating almost all risks. Still, it is a very new market and it will be important to leverage expert input to make sure that transactions are executed properly and that projects are vetted. At Concentro we help buyers find vetted clean energy projects, we execute a thorough diligence with the help of expert CPA and tax counsel, and we provide tax recapture insurance solutions. Additionally, most of the work we do is with smaller projects, which have fewer requirements to claim tax credits and offer stronger diversification opportunities. Please reach out to us if you would be interested in learning more. Subscribe to newsletter Subscribe to receive the latest blog posts to your inbox every week. Subscribe By submitting this form
you agree with our [Privacy Policy](https://www.concentro.io/terms-conditions-privacy-policy#privacy-policy) ![](https://cdn.prod.website-files.com/6763d6cf120b46189e34bf8c/6787a5fe56dd808c3e209752_success-icon.png) Thanks for subscribing. You have successfully subscribed to our newsletter. Done Oops! Something went wrong while submitting the form. Share this post [copied!](https://www.concentro.io/blog/understanding-tax-credit-transfers-economics-the-buyers-perspective#) ![](https://cdn.prod.website-files.com/6784e55928014e1b7492b1b4/6793cd080d2e9f2e4422b6cd_64ca7b1fc368a4ae40be7823_InigoAvatar.png) Iñigo Rengifo Co-Founder , Concentro # Latest Posts [View all](https://www.concentro.io/blog) [![](https://cdn.prod.website-files.com/6784e55928014e1b7492b1b4/6797fecdd27bac69cbc368a3_202501_DomesticContentTool_Article.webp)\\ \\ Resources\\ \\ **Unlock the 10% Domestic Content Bonus Adder with Concentro's New Domestic Content Calculator**\\ \\ The IRS has released updated guidance for calculating the domestic content of clean energy projects to qualify for the 10% Domestic Content Bonus Adder. To help developers navigate these new rules, Concentro has launched the Domestic Content Calculator—a streamlined tool that simplifies determining project eligibility by leveraging the updated safe harbor tables.\\ \\ ![](https://cdn.prod.website-files.com/6784e55928014e1b7492b1b4/6797fdb59bd87c649595ded7_PFP%20Liz%20Squared.png)\\ \\ Liz Studlick\\ \\ January 28, 2025\\ \\ •\\ \\ 2\\ \\ min read](https://www.concentro.io/blog/unlock-the-10-domestic-content-bonus-adder-with-concentros-new-domestic-content-calculator) [![](https://cdn.prod.website-files.com/6784e55928014e1b7492b1b4/6793d0a16d12ee2d638c109a_66fc4b9af4cd9a1934b60385_30C_Article_Image_v3_Size_2_1.jpeg)\\ \\ Articles\\ \\ **IRS Updates on 30C Tax Credits: A Game-Changer for EV Charging & Alternative Fuels**\\ \\ Key Changes Proposed in 30C Tax Credits (09/18/2024 Updates)\\ \\ ![](https://cdn.prod.website-files.com/6784e55928014e1b7492b1b4/6793cd083fd954b5cff6de8c_66fec13f9ebbfb878523a54c_PFP%2520Enrique%2520Squared.png)\\ \\ Enrique Apellaniz\\ \\ October 2, 2024\\ \\ •\\ \\ 7\\ \\ min read](https://www.concentro.io/blog/irs-updates-on-30c-tax-credits-a-game-changer-for-ev-charging-alternative-fuels) [![](https://cdn.prod.website-files.com/6784e55928014e1b7492b1b4/6793d0a0fa93a73291ee5232_6700174dafa7694e9d6bc529_20240624_NavigatingFinalPWA_Article_Picture_v1.jpeg)\\ \\ Resources\\ \\ **Navigating the Final Guidance on PW&A Requirements**\\ \\ The IRS released final guidance on the PW&A requirements, providing additional clarity on requirements for clean energy developers to maximize the tax credits available under the Inflation Reduction Act (IRA).\\ \\ ![](https://cdn.prod.website-files.com/6784e55928014e1b7492b1b4/6793cd080d2e9f2e4422b6cd_64ca7b1fc368a4ae40be7823_InigoAvatar.png)\\ \\ Iñigo Rengifo\\ \\ June 24, 2024\\ \\ •\\ \\ 8\\ \\ min read](https://www.concentro.io/blog/navigating-the-final-guidance-on-pw-a-requirements-d7252) [![](https://cdn.prod.website-files.com/6784e55928014e1b7492b1b4/6793d0a0d98f18b61a6f2602_652ff6a8ae1e4802f0a6eeef_City%2520and%2520Solar_Compressed_2x1.jpeg)\\ \\ Resources\\ \\ **A brief guide to the Low Income Communities Bonus Credit Program**\\ \\ The Low-Income Communities Bonus Credit Program application window will open in just a couple of days (October 19th), and it comes with an expected almost $1Bn annual investment in projects located in previously underserved communities.\\ \\ ![](https://cdn.prod.website-files.com/6784e55928014e1b7492b1b4/6793cd080d2e9f2e4422b6cd_64ca7b1fc368a4ae40be7823_InigoAvatar.png)\\ \\ Iñigo Rengifo\\ \\ October 18, 2023\\ \\ •\\ \\ 6\\ \\ min read](https://www.concentro.io/blog/a-brief-guide-to-the-low-income-communities-bonus-credit-program) [![](https://cdn.prod.website-files.com/6784e55928014e1b7492b1b4/6793d0a06b948cb67fab1bfb_652ff6b7f22f675febf250db_Finance_Compressed_2x1.jpeg)\\ \\ Articles\\ \\ **Understanding tax credit transfers' economics: The buyer's perspective**\\ \\ After the passage of the Inflation Reduction Act, clean energy tax credits can be transfered, presenting a very attractive investment opportunity for Corporates from a return, risk and ESG impact perspective.\\ \\ ![](https://cdn.prod.website-files.com/6784e55928014e1b7492b1b4/6793cd080d2e9f2e4422b6cd_64ca7b1fc368a4ae40be7823_InigoAvatar.png)\\ \\ Iñigo Rengifo\\ \\ September 25, 2023\\ \\ •\\ \\ 5\\ \\ min read](https://www.concentro.io/blog/understanding-tax-credit-transfers-economics-the-buyers-perspective) [![](https://cdn.prod.website-files.com/6784e55928014e1b7492b1b4/6793d0a067bb7d23bc56f6b3_651c7ac7b2c70df9cc12eefc_Wind%2520Turbines_Compressed.jpeg)\\ \\ Articles\\ \\ **The Inflation Reduction Act: Implications for Investment Tax Credits**\\ \\ The Inflation Reduction Act is one of the most significant economic plans in history. With clean energy initiatives as its main focus, tax credits take the center stage and are expected to change the US clean energy landscape.\\ \\ ![](https://cdn.prod.website-files.com/6784e55928014e1b7492b1b4/6793cd080d2e9f2e4422b6cd_64ca7b1fc368a4ae40be7823_InigoAvatar.png)\\ \\ Iñigo Rengifo\\ \\ August 28, 2023\\ \\ •\\ \\ 5\\ \\ min read](https://www.concentro.io/blog/the-inflation-reduction-act-implications-for-investment-tax-credits) [![](https://cdn.prod.website-files.com/6784e55928014e1b7492b1b4/6793d0a00fc9260029d81e8d_651c7d0527632211f959e7c3_All%2520technologies_Compressed.jpeg)\\ \\ Articles\\ \\ **Tax credit transferability: Why it will be transformational for the industry**\\ \\ Tax credit transferability, one of the key initiatives from the IRA, can be transformational for the clean energy industry by providing a mechanism for projects to monetize the value of tax credits received.\\ \\ ![](https://cdn.prod.website-files.com/6784e55928014e1b7492b1b4/6793cd080d2e9f2e4422b6cd_64ca7b1fc368a4ae40be7823_InigoAvatar.png)\\ \\ Iñigo Rengifo\\ \\ June 16, 2023\\ \\ •\\ \\ 4\\ \\ min read](https://www.concentro.io/blog/tax-credit-transferability-why-it-will-be-transformational-for-the-industry) [![](https://cdn.prod.website-files.com/6784e55928014e1b7492b1b4/6793d0a05c76154821de37f3_6700145ca66f2be49db2c607_20231222_IRAPreRegistrationPortal_Article_Picture_v1.jpeg)\\ \\ Resources\\ \\ **The IRS Opens the Pre-filing Registration Portal for IRA Tax Credits**\\ \\ This morning, the IRS has finally opened the electronic portal to pre-file for registration for clean energy projects aiming to monetize tax credits either through transfers or elective pay.\\ \\ ![](https://cdn.prod.website-files.com/6784e55928014e1b7492b1b4/6793cd080d2e9f2e4422b6cd_64ca7b1fc368a4ae40be7823_InigoAvatar.png)\\ \\ Iñigo Rengifo\\ \\ December 22, 2023\\ \\ •\\ \\ 2\\ \\ min read](https://www.concentro.io/blog/the-irs-opens-the-pre-filing-registration-portal-for-ira-tax-credits) [![](https://cdn.prod.website-files.com/6784e55928014e1b7492b1b4/6793d09f43bdbe9c15ea59cc_678908e4f31f93df805f4dd4_LIC_OpenToday_2025_Article_v1.jpeg)\\ \\ News\\ \\ **The Application Period for the 2025 Low-Income Communities Tax Credit Bonus Adder Begins Today**\\ \\ Application period for 48E(h) LIC Bonus Adder program starts today (1/16/2025)\\ \\ ![](https://cdn.prod.website-files.com/6784e55928014e1b7492b1b4/6793cd083fd954b5cff6de8c_66fec13f9ebbfb878523a54c_PFP%2520Enrique%2520Squared.png)\\ \\ Enrique Apellaniz\\ \\ January 16, 2025\\ \\ •\\ \\ 4\\ \\ min read](https://www.concentro.io/blog/the-application-period-for-the-2025-low-income-communities-tax-credit-bonus-adder-begins-today) ## Inflation Reduction Act Insights [All Posts](https://www.concentro.io/blog) Articles 5 min read # TheInflationReductionAct:ImplicationsforInvestmentTaxCredits ![](https://cdn.prod.website-files.com/6784e55928014e1b7492b1b4/6793d0a067bb7d23bc56f6b3_651c7ac7b2c70df9cc12eefc_Wind%2520Turbines_Compressed.jpeg) Written by Iñigo Rengifo Published on August 28, 2023 [copied!](https://www.concentro.io/blog/the-inflation-reduction-act-implications-for-investment-tax-credits#) The Inflation Reduction Act (IRA), which celebrated its first anniversary a few days ago, stands as one of the most significant economic plans in history. Not only does it hold the potential to reshape the U.S. economy, but it could also serve as a pivotal moment for addressing climate change. ## Clean Energy Initiatives and Subsidies: The IRA primarily focuses on clean energy initiatives and subsidies, with tax credits taking center stage. Noteworthy changes include a substantial increase in the allocation of tax credits, totaling approximately $250 billion. This increase results from both an expansion of eligible projects and an elevation in credit amounts per project. Another groundbreaking change is the newfound transferability of commercial clean energy tax credits. This alteration is poised to be one of the most transformative aspects of the IRA. Additionally, certain projects may now qualify for direct payments from the government. Furthermore, the horizon for tax credits has been extended by ten years, providing much-needed market stability. ## Eligibility: Under the IRA, renewable energy projects can claim Investment Tax Credits (ITCs) equivalent to 30% of their total investment, with the possibility of bonus adders increasing this figure to 70% in unique cases. Currently there is an extended list of technologies eligible but, starting in 2025, tax credits will become technology-agnostic, encompassing all carbon-neutral energy projects. We expect this change to foster innovation and reduce bias for certain technologies. However, projects must meet the Prevailing Wage & Apprenticeship requirements stipulated in the IRA to claim the full 30% tax credit. Failure to meet these requirements will result in an 80% reduction of the tax credit (i.e., from 30% to 6%). This reduction also applies to bonus adders if the project was eligible, reducing them from 10% to 2%. It's important to note that projects with a nameplate capacity under 1 MW are exempt from these Wage & Apprenticeship requirements, simplifying smaller project transactions and making them more attractive to buyers. ## Bonus Adders: The IRA introduces three bonus adder categories that could potentially elevate the investment tax credit to 70%. That being said, it is unlikely (though possible) that a project would be eligible for multiple bonus adders simultaneously. The bonus categories include: 1. **Domestic Content:** This category offers an additional 10% tax credit if the IRA's domestic content requirements are met. 2. **Low-Income Communities:** Projects located in Low-Income Communities can receive an additional 10-20% tax credit, depending on the specific category. 3. **Energy Communities:** A 10% tax credit bonus is available for projects situated in energy communities as defined by the IRA. ## Transferability & Direct Pay: One of the IRA's most revolutionary changes is the introduction of transferability, providing a straightforward mechanism for projects with limited tax liabilities to monetize their tax credits. While initial implementation may involve diligence processes and extensive legal documentation, the process is expected to become more streamlined as the market matures. This offers a simpler alternative to tax equity, eliminating the need for complex structures to monetize tax credits. This increased simplicity will reduce transaction costs, making it accessible to smaller players who previously lacked access. Smaller projects, including commercial & industrial and agri-voltaic ventures, will now have the opportunity to monetize tax credits, potentially triggering a wave of smaller developments. With net prices to developers hovering in the high 80s, this change can unlock over 25% of the project investment in cash, which could be a game-changer for many projects. While tax-exempt entities and specific tax credits are eligible for direct pay, the attractiveness of this option depends on payment timelines and the cost of capital. Some high-cost capital developments may still opt to transfer tax credits, securing a significant portion of their value upfront rather than waiting for a year to receive the full amount. ## Final Thoughts: In conclusion, while we have primarily focused on clean energy tax credits, the Inflation Reduction Act is poised to have a transformative impact on the industry, ushering in a much-needed wave of clean development. We believe that the new regulations surrounding tax credits, including transferability and project eligibility, will particularly benefit smaller projects, which are crucial for driving the energy transition. At Concentro, we are committed to assisting smaller projects in maximizing their benefits under the Inflation Reduction Act. Please do not hesitate to reach out to us if you require any assistance. Subscribe to newsletter Subscribe to receive the latest blog posts to your inbox every week. Subscribe By submitting this form
you agree with our [Privacy Policy](https://www.concentro.io/terms-conditions-privacy-policy#privacy-policy) ![](https://cdn.prod.website-files.com/6763d6cf120b46189e34bf8c/6787a5fe56dd808c3e209752_success-icon.png) Thanks for subscribing. You have successfully subscribed to our newsletter. Done Oops! Something went wrong while submitting the form. Share this post [copied!](https://www.concentro.io/blog/the-inflation-reduction-act-implications-for-investment-tax-credits#) ![](https://cdn.prod.website-files.com/6784e55928014e1b7492b1b4/6793cd080d2e9f2e4422b6cd_64ca7b1fc368a4ae40be7823_InigoAvatar.png) Iñigo Rengifo Co-Founder , Concentro # Latest Posts [View all](https://www.concentro.io/blog) [![](https://cdn.prod.website-files.com/6784e55928014e1b7492b1b4/6797fecdd27bac69cbc368a3_202501_DomesticContentTool_Article.webp)\\ \\ Resources\\ \\ **Unlock the 10% Domestic Content Bonus Adder with Concentro's New Domestic Content Calculator**\\ \\ The IRS has released updated guidance for calculating the domestic content of clean energy projects to qualify for the 10% Domestic Content Bonus Adder. To help developers navigate these new rules, Concentro has launched the Domestic Content Calculator—a streamlined tool that simplifies determining project eligibility by leveraging the updated safe harbor tables.\\ \\ ![](https://cdn.prod.website-files.com/6784e55928014e1b7492b1b4/6797fdb59bd87c649595ded7_PFP%20Liz%20Squared.png)\\ \\ Liz Studlick\\ \\ January 28, 2025\\ \\ •\\ \\ 2\\ \\ min read](https://www.concentro.io/blog/unlock-the-10-domestic-content-bonus-adder-with-concentros-new-domestic-content-calculator) [![](https://cdn.prod.website-files.com/6784e55928014e1b7492b1b4/6793d0a16d12ee2d638c109a_66fc4b9af4cd9a1934b60385_30C_Article_Image_v3_Size_2_1.jpeg)\\ \\ Articles\\ \\ **IRS Updates on 30C Tax Credits: A Game-Changer for EV Charging & Alternative Fuels**\\ \\ Key Changes Proposed in 30C Tax Credits (09/18/2024 Updates)\\ \\ ![](https://cdn.prod.website-files.com/6784e55928014e1b7492b1b4/6793cd083fd954b5cff6de8c_66fec13f9ebbfb878523a54c_PFP%2520Enrique%2520Squared.png)\\ \\ Enrique Apellaniz\\ \\ October 2, 2024\\ \\ •\\ \\ 7\\ \\ min read](https://www.concentro.io/blog/irs-updates-on-30c-tax-credits-a-game-changer-for-ev-charging-alternative-fuels) [![](https://cdn.prod.website-files.com/6784e55928014e1b7492b1b4/6793d0a0fa93a73291ee5232_6700174dafa7694e9d6bc529_20240624_NavigatingFinalPWA_Article_Picture_v1.jpeg)\\ \\ Resources\\ \\ **Navigating the Final Guidance on PW&A Requirements**\\ \\ The IRS released final guidance on the PW&A requirements, providing additional clarity on requirements for clean energy developers to maximize the tax credits available under the Inflation Reduction Act (IRA).\\ \\ ![](https://cdn.prod.website-files.com/6784e55928014e1b7492b1b4/6793cd080d2e9f2e4422b6cd_64ca7b1fc368a4ae40be7823_InigoAvatar.png)\\ \\ Iñigo Rengifo\\ \\ June 24, 2024\\ \\ •\\ \\ 8\\ \\ min read](https://www.concentro.io/blog/navigating-the-final-guidance-on-pw-a-requirements-d7252) [![](https://cdn.prod.website-files.com/6784e55928014e1b7492b1b4/6793d0a0d98f18b61a6f2602_652ff6a8ae1e4802f0a6eeef_City%2520and%2520Solar_Compressed_2x1.jpeg)\\ \\ Resources\\ \\ **A brief guide to the Low Income Communities Bonus Credit Program**\\ \\ The Low-Income Communities Bonus Credit Program application window will open in just a couple of days (October 19th), and it comes with an expected almost $1Bn annual investment in projects located in previously underserved communities.\\ \\ ![](https://cdn.prod.website-files.com/6784e55928014e1b7492b1b4/6793cd080d2e9f2e4422b6cd_64ca7b1fc368a4ae40be7823_InigoAvatar.png)\\ \\ Iñigo Rengifo\\ \\ October 18, 2023\\ \\ •\\ \\ 6\\ \\ min read](https://www.concentro.io/blog/a-brief-guide-to-the-low-income-communities-bonus-credit-program) [![](https://cdn.prod.website-files.com/6784e55928014e1b7492b1b4/6793d0a06b948cb67fab1bfb_652ff6b7f22f675febf250db_Finance_Compressed_2x1.jpeg)\\ \\ Articles\\ \\ **Understanding tax credit transfers' economics: The buyer's perspective**\\ \\ After the passage of the Inflation Reduction Act, clean energy tax credits can be transfered, presenting a very attractive investment opportunity for Corporates from a return, risk and ESG impact perspective.\\ \\ ![](https://cdn.prod.website-files.com/6784e55928014e1b7492b1b4/6793cd080d2e9f2e4422b6cd_64ca7b1fc368a4ae40be7823_InigoAvatar.png)\\ \\ Iñigo Rengifo\\ \\ September 25, 2023\\ \\ •\\ \\ 5\\ \\ min read](https://www.concentro.io/blog/understanding-tax-credit-transfers-economics-the-buyers-perspective) [![](https://cdn.prod.website-files.com/6784e55928014e1b7492b1b4/6793d0a067bb7d23bc56f6b3_651c7ac7b2c70df9cc12eefc_Wind%2520Turbines_Compressed.jpeg)\\ \\ Articles\\ \\ **The Inflation Reduction Act: Implications for Investment Tax Credits**\\ \\ The Inflation Reduction Act is one of the most significant economic plans in history. With clean energy initiatives as its main focus, tax credits take the center stage and are expected to change the US clean energy landscape.\\ \\ ![](https://cdn.prod.website-files.com/6784e55928014e1b7492b1b4/6793cd080d2e9f2e4422b6cd_64ca7b1fc368a4ae40be7823_InigoAvatar.png)\\ \\ Iñigo Rengifo\\ \\ August 28, 2023\\ \\ •\\ \\ 5\\ \\ min read](https://www.concentro.io/blog/the-inflation-reduction-act-implications-for-investment-tax-credits) [![](https://cdn.prod.website-files.com/6784e55928014e1b7492b1b4/6793d0a00fc9260029d81e8d_651c7d0527632211f959e7c3_All%2520technologies_Compressed.jpeg)\\ \\ Articles\\ \\ **Tax credit transferability: Why it will be transformational for the industry**\\ \\ Tax credit transferability, one of the key initiatives from the IRA, can be transformational for the clean energy industry by providing a mechanism for projects to monetize the value of tax credits received.\\ \\ ![](https://cdn.prod.website-files.com/6784e55928014e1b7492b1b4/6793cd080d2e9f2e4422b6cd_64ca7b1fc368a4ae40be7823_InigoAvatar.png)\\ \\ Iñigo Rengifo\\ \\ June 16, 2023\\ \\ •\\ \\ 4\\ \\ min read](https://www.concentro.io/blog/tax-credit-transferability-why-it-will-be-transformational-for-the-industry) [![](https://cdn.prod.website-files.com/6784e55928014e1b7492b1b4/6793d0a05c76154821de37f3_6700145ca66f2be49db2c607_20231222_IRAPreRegistrationPortal_Article_Picture_v1.jpeg)\\ \\ Resources\\ \\ **The IRS Opens the Pre-filing Registration Portal for IRA Tax Credits**\\ \\ This morning, the IRS has finally opened the electronic portal to pre-file for registration for clean energy projects aiming to monetize tax credits either through transfers or elective pay.\\ \\ ![](https://cdn.prod.website-files.com/6784e55928014e1b7492b1b4/6793cd080d2e9f2e4422b6cd_64ca7b1fc368a4ae40be7823_InigoAvatar.png)\\ \\ Iñigo Rengifo\\ \\ December 22, 2023\\ \\ •\\ \\ 2\\ \\ min read](https://www.concentro.io/blog/the-irs-opens-the-pre-filing-registration-portal-for-ira-tax-credits) [![](https://cdn.prod.website-files.com/6784e55928014e1b7492b1b4/6793d09f43bdbe9c15ea59cc_678908e4f31f93df805f4dd4_LIC_OpenToday_2025_Article_v1.jpeg)\\ \\ News\\ \\ **The Application Period for the 2025 Low-Income Communities Tax Credit Bonus Adder Begins Today**\\ \\ Application period for 48E(h) LIC Bonus Adder program starts today (1/16/2025)\\ \\ ![](https://cdn.prod.website-files.com/6784e55928014e1b7492b1b4/6793cd083fd954b5cff6de8c_66fec13f9ebbfb878523a54c_PFP%2520Enrique%2520Squared.png)\\ \\ Enrique Apellaniz\\ \\ January 16, 2025\\ \\ •\\ \\ 4\\ \\ min read](https://www.concentro.io/blog/the-application-period-for-the-2025-low-income-communities-tax-credit-bonus-adder-begins-today) [iframe](https://td.doubleclick.net/td/rul/11296405091?random=1746731476772&cv=11&fst=1746731476772&fmt=3&bg=ffffff&guid=ON&async=1>m=45be5570v9175128503za200zb9138120011&gcd=13l3l3l3l1l1&dma=0&tag_exp=101509156~103101750~103101752~103116025~103200001~103233424~103251618~103251620~103284320~103284322~103301114~103301116&ptag_exp=101509157~103101750~103101752~103116026~103200004~103233427~103251618~103251620~103284320~103284322~103301114~103301116&u_w=1280&u_h=1024&url=https%3A%2F%2Fwww.concentro.io%2Fblog%2Fthe-inflation-reduction-act-implications-for-investment-tax-credits&hn=www.googleadservices.com&frm=0&tiba=Concentro&did=dZGVlNj&gdid=dZGVlNj&npa=0&pscdl=noapi&auid=632346640.1746731477&uaa=x86&uab=64&uafvl=Chromium%3B136.0.7103.59%7CGoogle%2520Chrome%3B136.0.7103.59%7CNot.A%252FBrand%3B99.0.0.0&uamb=0&uam=&uap=Linux%20x86_64&uapv=6.6.72&uaw=0&fledge=1&data=event%3Dgtag.config)[iframe](https://td.doubleclick.net/td/rul/11296405091?random=1746731476926&cv=11&fst=1746731476926&fmt=3&bg=ffffff&guid=ON&async=1&gcl_ctr=1>m=45be5570v9175128503z89138122718za200zb9138120011&gcd=13l3l3l3l1l1&dma=0&tag_exp=101509156~103101750~103101752~103116025~103200001~103233424~103251618~103251620~103284320~103284322~103301114~103301116&ptag_exp=101509157~103101750~103101752~103116026~103200004~103233427~103251618~103251620~103284320~103284322~103301114~103301116&u_w=1280&u_h=1024&url=https%3A%2F%2Fwww.concentro.io%2Fblog%2Fthe-inflation-reduction-act-implications-for-investment-tax-credits&label=GQPUCPSq878aEOPsxYoq&hn=www.googleadservices.com&frm=0&tiba=Concentro&value=0&did=dZGVlNj&gdid=dZGVlNj&edid=dZGVlNj&bttype=purchase&npa=0&pscdl=noapi&auid=632346640.1746731477&uaa=x86&uab=64&uafvl=Chromium%3B136.0.7103.59%7CGoogle%2520Chrome%3B136.0.7103.59%7CNot.A%252FBrand%3B99.0.0.0&uamb=0&uam=&uap=Linux%20x86_64&uapv=6.6.72&uaw=0&ec_mode=a&fledge=1&capi=1&_tu=Cg&em=tv.1&ct_cookie_present=0) ## PW&A Requirements Overview [iframe](https://td.doubleclick.net/td/rul/11296405091?random=1746731476266&cv=11&fst=1746731476266&fmt=3&bg=ffffff&guid=ON&async=1>m=45be5570v9175128503za200zb9138120011&gcd=13l3l3l3l1l1&dma=0&tag_exp=101509157~103101750~103101752~103116025~103130495~103130497~103200001~103233427~103251618~103251620~103284320~103284322~103301114~103301116&ptag_exp=101509157~103101750~103101752~103116025~103200001~103233427~103251618~103251620~103284320~103284322~103301114~103301116&u_w=1280&u_h=1024&url=https%3A%2F%2Fwww.concentro.io%2Fblog%2Fnavigating-the-final-guidance-on-pw-a-requirements-d7252&hn=www.googleadservices.com&frm=0&tiba=Concentro&did=dZGVlNj&gdid=dZGVlNj&npa=0&pscdl=noapi&auid=1034003996.1746731476&uaa=x86&uab=64&uafvl=Chromium%3B136.0.7103.59%7CGoogle%2520Chrome%3B136.0.7103.59%7CNot.A%252FBrand%3B99.0.0.0&uamb=0&uam=&uap=Linux%20x86_64&uapv=6.6.72&uaw=0&fledge=1&data=event%3Dgtag.config)Concentro [All Posts](https://www.concentro.io/blog) Resources 8 min read # NavigatingtheFinalGuidanceonPW&ARequirements ![](https://cdn.prod.website-files.com/6784e55928014e1b7492b1b4/6793d0a0fa93a73291ee5232_6700174dafa7694e9d6bc529_20240624_NavigatingFinalPWA_Article_Picture_v1.jpeg) Written by Iñigo Rengifo Published on June 24, 2024 [copied!](https://www.concentro.io/blog/navigating-the-final-guidance-on-pw-a-requirements-d7252#) The IRS has recently released final guidance on the Prevailing Wage and Apprenticeship (PW&A) requirements, effective June 25, 2024. These updates provide more clarity for clean energy developers to navigate the requirements they have to meet to maximize the tax credits available for their projects leveraging the Inflation Reduction Act (IRA). This article provides an in-depth look at PW&A requirements, covering prevailing wage determinations, apprenticeship standards, and the necessary documentation for compliance. ## Summary Since releasing preliminary guidance in November 2023, clean energy projects seeking tax credits under the IRA must satisfy PW&A requirements unless they are under 1 MW or began construction before January 29, 2023, in order to not see eligible tax credits reduced by 5x. The IRS's final guidance details processes for determining prevailing wages, obtaining apprentices, and maintaining compliance documentation. Taxpayers must submit all relevant records, including payroll and apprenticeship requests, when filing returns. Even if contractors handle the work, taxpayers are responsible for ensuring all conditions are met. The IRS rules include penalties for non-compliance, with harsher penalties for intentional violations. Importantly, transferring tax credits does not alter documentation responsibilities. ## Key Updates The 2024 final guidance introduces several significant changes and clarifications from the 2023 guidance, aimed at providing clearer instructions and easing compliance: 1. **Transition Rule Clarification**: The 2024 guidance specifies that any construction, alteration, or repair work performed before January 29, 2023, is not subject to PW&A requirements, ensuring transition to PW&A requirements is not punitive on work completed before guidance was provided. 2. **Definition of Construction:** The guidance clarifies the applicability of PW&A requirements by clarifying construction as “construction, alteration, and repair”. The IRS further explained that any improvement whose cost is capitalized or work to fix a malfunctioning piece of equipment qualify as alterations or repairs that must meet the PW&A requirements. 3. **Determining Beginning of Construction**: The final guidance also distinguishes between the beginning of construction for applicability of the PW&A requirements and for IRS tax purposes. For PW&A, the guidance applies the Davis-Bacon Act (DBA), where activities such as demolition or site clearance trigger the start of construction. Prevailing wage rates will apply for these activities. The IRS, however, uses two tests to determine construction beginning with either (a) the physical work test (i.e., starting significant work, like excavation) or (b) five percent safe harbor (i.e., incurring 5% or more of the total facility cost). 4. **Apprenticeship Clarifications**: New guidance clarifies that apprenticeship requirements apply only during the construction phase and do not have to be used for post-construction alterations or repairs. The guidance also emphasizes the documentation needed to meet the Good Faith Effort Exception, including written requests to registered apprenticeship programs and the content of such requests. 5. **Recordkeeping Responsibilities:** The IRS clarified that the obligation to ensure that PW&A requirements are being met falls on the developer/owner. It is the owner’s responsibility to ensure contractors or subcontractors are in compliance and maintain adequate records to claim the PW&A bonus. 6. **Cure Payments:** Developers are expected to make cure payments if the IRS deems they are not in compliance with the PW&A guidelines in order to preserve the full tax credits. Workers who are paid below the applicable wage should be paid the shortfall plus interest and the Developer will have to pay fees to the IRS as a penalty 7. **Offshore Facilities**: A special rule is introduced for offshore facilities, allowing reliance on the closest applicable wage determination if specific ones are unavailable. ## PW&A Overview Under the IRA, taxpayers must meet prevailing wage and apprenticeship standards to receive the full value of their tax credits, typically five times the base credit. For the Investment Tax Credit (ITC), the base credit is 6%, increasing to 30% when PW&A requirements are satisfied. Exemptions from PW&A include projects with output/capacity below 1 MW and those that began construction before January 29, 2023. PW&A requirements apply to various tax incentives, with apprenticeship requirements excluded for 45U and 45L credits. The PW&A rules mandate that taxpayers **(1)** pay laborers and mechanics no less than the applicable prevailing wage rate for construction as well as for work on any alterations or repairs for the next 5 years (in the case of investment tax credits) to 12 years (for the period that production credits are claimed), **(2)** employ apprentices from registered apprenticeship programs for a specified number of hours, and **(3)** meet specific recordkeeping and reporting requirements ## Prevailing Wages Requirements The prevailing wage is the combination of the basic hourly wage rate and fringe benefits paid to workers, varying based on a labor classification and location of the project. The US Department of Labor publishes these wages on the [System for Award Management](https://sam.gov/content/wage-determinations). A step-by-step guide to using this portal is [available here](https://www.dol.gov/sites/dolgov/files/WHD/Obtaining-WDs.pdf). If the taxpayer cannot find a wage determination for their requirement, they can request a supplemental wage determination from the DoL (procedure available in the [FAQ](https://www.irs.gov/credits-deductions/frequently-asked-questions-about-the-prevailing-wage-and-apprenticeship-under-the-inflation-reduction-act)). Requests for wage determinations should be sent at least 90 days before signing contracts for work or within 180 days of the wage determination if a wage determination was not apparent earlier. The applicable wage is determined at the start of construction once the contract is signed by both parties. If a project spans multiple areas, multiple prevailing wages may apply and be paid for each location based on where the work is done. The prevailing wage will be locked in for the duration of the contract. However, the wages must be reset to current applicable wage rates if the contract is amended to change the scope of work or extend the contract period. All contractors and subcontractors must apply the same wages as the primary contract dictates in accordance with the prevailing wages published by the Department of Labor. Should they fail to meet the prevailing wage requirements, taxpayers are expected to make cure payments to avoid losing the tax credits. Taxpayers must pay back wages plus interest at the federal short-term rate plus 6% in addition to a $5,000 penalty per affected worker paid to the IRS. These payments must be made within 180 days after receipt of the final adjustment notice from the IRS for failing to meet the requirements to avoid loss of the tax credits. The $5,000 penalty to the IRS can be avoided in two situations. First, it can be avoided by paying affected workers by the end of the first month after the calendar quarter in which the wage shortfall happened (e.g., if the wage shortfall occurred in Q2 (Apr-Jun) and was identified in June, the correction must be paid by the end of July). This payment only avoids the penalty if the worker was underpaid in less than 10% of pay periods that they worked on the project and the shortfall is less than 5% of the total amount the worker should have been paid during the year. Second, the penalty can also be avoided if the worker was working under a pre-hire collective bargaining agreement and the corrective payment is completed prior to the project owner filing its annual return. _Notice: For any errors in paying the correct wages due to confusion or misunderstanding of the guidance, taxpayers have until December 22, 2024 to make any corrective payments with interest to affected workers and avoid a penalty._ ## Apprenticeship Requirements The final guidance outlines labor hours, ratio, and participation as the three elements to meet apprenticeship requirements. For labor hours, a certain percentage of total labor hours must be performed by qualified apprentices from registered apprenticeship programs. For construction beginning in 2023, 12.5% of hours must be completed by qualified apprentices while 15% of hours must be performed by apprentices for projects beginning in 2024 and onward. For the ratio, projects must meet the applicable ratio of apprentices to journeyworkers. The ratio will be determined by the apprenticeship program and must be met each day. If work is deemed to be completed by “extra” apprentices, the hours will not count toward this requirement and these apprentices must be paid the prevailing wage. For participation, each contractor or subcontractor that employs four or more workers must also employ at least one qualified apprentice. In order to be qualified apprentices, the guidance clarifies apprentices must come from registered apprenticeship programs, registered either by the Federal Apprenticeship office or [by State Agencies.](https://www.apprenticeship.gov/about-us/apprenticeship-system) The taxpayer must file a written request with at least one registered apprenticeship program ( [partner finder](https://www.apprenticeship.gov/partner-finder)) that provides apprentices for the occupation and region the taxpayer requires. The request for an apprentice must be made at least 45 days before the apprentices are needed to work. The guidance also outlines that developers can meet this requirement through a good faith effort. If the apprenticeship program denies a request or does not respond within 5 business days, the developer is provided a 365 exemption from the original request, after which they must submit additional requests.  The requests must be made to a program that both serves the project area as well as provides the types of apprentices needed. The IRS rule and FAQs provide detailed requirements for the content of a request. Should a taxpayer fail to meet apprenticeship requirements, taxpayer must pay $50 per hour not met under the three requirements. Intentional disregard increases the penalty to $500 per hour. ## Recordkeeping Taxpayers are encouraged to maintain robust recordkeeping to ensure compliance with the prevailing wage and apprenticeship requirements. Taxpayers must maintain (or ensure that a third-party vendor or the contractors do) payroll records showing hours worked and wages paid for each laborer and mechanic, including correction payments. Records must be kept regardless of whether workers are employed by the taxpayer, a contractor, or a subcontractor. To show non-intentional failure, records must document efforts to prevent, mitigate, or remedy the failure. The wage rates should be prominently posted on the job site or sent in a written notice to all workers. Further, the developer needs to ensure workers have a sufficient method to report suspected failures to pay proper wages or comply with apprentice requirements. Project owners can find recommended steps that should be taken to avoid intentional disregard [here](https://www.federalregister.gov/d/2024-13331/p-325) as well as in the IRS FAQ. ## Helpful Resources and References - **Department of Labor’s Wage and Hour Division:** For prevailing wage determinations [here](https://sam.gov/search/?page=1&pageSize=25&sort=&index=dbra&sfm%5bsimpleSearch%5d%5bkeywordRadio%5d=ALL&sfm%5bsimpleSearch%5d%5bkeywordEditorTextarea%5d=&sfm%5bstatus%5d%5bis_active%5d=true&sfm%5bstatus%5d%5bis_inactive%5d=false) - **IRS Website:** [Overview](https://www.irs.gov/pub/irs-pdf/p5855.pdf), [Fact Sheet](https://www.irs.gov/pub/irs-pdf/p5983.pdf), [FAQ](https://www.irs.gov/credits-deductions/frequently-asked-questions-about-the-prevailing-wage-and-apprenticeship-under-the-inflation-reduction-act#determinations), and [Final Guidance](https://www.federalregister.gov/public-inspection/2024-13331/increased-amounts-of-credit-or-deduction-for-satisfying-certain-prevailing-wage-and-registered) - **Registered Apprenticeship Programs:** For program details and partnerships [here](https://www.apprenticeship.gov/partner-finder) By understanding and complying with PW&A requirements, businesses can maximize their tax benefits while supporting fair wages and apprenticeship opportunities. Ensure meticulous record-keeping and stay updated with the latest guidance to navigate these regulations successfully. We hope that this guide was useful and please reach out to us if you have any additional questions or need help: send us an email at hello@concentro.io or book a slot with us at [https://www.concentro.io/schedule-a-call](https://www.concentro.io/schedule-a-call). Subscribe to newsletter Subscribe to receive the latest blog posts to your inbox every week. Subscribe By submitting this form
you agree with our [Privacy Policy](https://www.concentro.io/terms-conditions-privacy-policy#privacy-policy) ![](https://cdn.prod.website-files.com/6763d6cf120b46189e34bf8c/6787a5fe56dd808c3e209752_success-icon.png) Thanks for subscribing. You have successfully subscribed to our newsletter. Done Oops! Something went wrong while submitting the form. Share this post [copied!](https://www.concentro.io/blog/navigating-the-final-guidance-on-pw-a-requirements-d7252#) ![](https://cdn.prod.website-files.com/6784e55928014e1b7492b1b4/6793cd080d2e9f2e4422b6cd_64ca7b1fc368a4ae40be7823_InigoAvatar.png) Iñigo Rengifo Co-Founder , Concentro # Latest Posts [View all](https://www.concentro.io/blog) [![](https://cdn.prod.website-files.com/6784e55928014e1b7492b1b4/6797fecdd27bac69cbc368a3_202501_DomesticContentTool_Article.webp)\\ \\ Resources\\ \\ **Unlock the 10% Domestic Content Bonus Adder with Concentro's New Domestic Content Calculator**\\ \\ The IRS has released updated guidance for calculating the domestic content of clean energy projects to qualify for the 10% Domestic Content Bonus Adder. To help developers navigate these new rules, Concentro has launched the Domestic Content Calculator—a streamlined tool that simplifies determining project eligibility by leveraging the updated safe harbor tables.\\ \\ ![](https://cdn.prod.website-files.com/6784e55928014e1b7492b1b4/6797fdb59bd87c649595ded7_PFP%20Liz%20Squared.png)\\ \\ Liz Studlick\\ \\ January 28, 2025\\ \\ •\\ \\ 2\\ \\ min read](https://www.concentro.io/blog/unlock-the-10-domestic-content-bonus-adder-with-concentros-new-domestic-content-calculator) [![](https://cdn.prod.website-files.com/6784e55928014e1b7492b1b4/6793d0a16d12ee2d638c109a_66fc4b9af4cd9a1934b60385_30C_Article_Image_v3_Size_2_1.jpeg)\\ \\ Articles\\ \\ **IRS Updates on 30C Tax Credits: A Game-Changer for EV Charging & Alternative Fuels**\\ \\ Key Changes Proposed in 30C Tax Credits (09/18/2024 Updates)\\ \\ ![](https://cdn.prod.website-files.com/6784e55928014e1b7492b1b4/6793cd083fd954b5cff6de8c_66fec13f9ebbfb878523a54c_PFP%2520Enrique%2520Squared.png)\\ \\ Enrique Apellaniz\\ \\ October 2, 2024\\ \\ •\\ \\ 7\\ \\ min read](https://www.concentro.io/blog/irs-updates-on-30c-tax-credits-a-game-changer-for-ev-charging-alternative-fuels) [![](https://cdn.prod.website-files.com/6784e55928014e1b7492b1b4/6793d0a0fa93a73291ee5232_6700174dafa7694e9d6bc529_20240624_NavigatingFinalPWA_Article_Picture_v1.jpeg)\\ \\ Resources\\ \\ **Navigating the Final Guidance on PW&A Requirements**\\ \\ The IRS released final guidance on the PW&A requirements, providing additional clarity on requirements for clean energy developers to maximize the tax credits available under the Inflation Reduction Act (IRA).\\ \\ ![](https://cdn.prod.website-files.com/6784e55928014e1b7492b1b4/6793cd080d2e9f2e4422b6cd_64ca7b1fc368a4ae40be7823_InigoAvatar.png)\\ \\ Iñigo Rengifo\\ \\ June 24, 2024\\ \\ •\\ \\ 8\\ \\ min read](https://www.concentro.io/blog/navigating-the-final-guidance-on-pw-a-requirements-d7252) [![](https://cdn.prod.website-files.com/6784e55928014e1b7492b1b4/6793d0a0d98f18b61a6f2602_652ff6a8ae1e4802f0a6eeef_City%2520and%2520Solar_Compressed_2x1.jpeg)\\ \\ Resources\\ \\ **A brief guide to the Low Income Communities Bonus Credit Program**\\ \\ The Low-Income Communities Bonus Credit Program application window will open in just a couple of days (October 19th), and it comes with an expected almost $1Bn annual investment in projects located in previously underserved communities.\\ \\ ![](https://cdn.prod.website-files.com/6784e55928014e1b7492b1b4/6793cd080d2e9f2e4422b6cd_64ca7b1fc368a4ae40be7823_InigoAvatar.png)\\ \\ Iñigo Rengifo\\ \\ October 18, 2023\\ \\ •\\ \\ 6\\ \\ min read](https://www.concentro.io/blog/a-brief-guide-to-the-low-income-communities-bonus-credit-program) [![](https://cdn.prod.website-files.com/6784e55928014e1b7492b1b4/6793d0a06b948cb67fab1bfb_652ff6b7f22f675febf250db_Finance_Compressed_2x1.jpeg)\\ \\ Articles\\ \\ **Understanding tax credit transfers' economics: The buyer's perspective**\\ \\ After the passage of the Inflation Reduction Act, clean energy tax credits can be transfered, presenting a very attractive investment opportunity for Corporates from a return, risk and ESG impact perspective.\\ \\ ![](https://cdn.prod.website-files.com/6784e55928014e1b7492b1b4/6793cd080d2e9f2e4422b6cd_64ca7b1fc368a4ae40be7823_InigoAvatar.png)\\ \\ Iñigo Rengifo\\ \\ September 25, 2023\\ \\ •\\ \\ 5\\ \\ min read](https://www.concentro.io/blog/understanding-tax-credit-transfers-economics-the-buyers-perspective) [![](https://cdn.prod.website-files.com/6784e55928014e1b7492b1b4/6793d0a067bb7d23bc56f6b3_651c7ac7b2c70df9cc12eefc_Wind%2520Turbines_Compressed.jpeg)\\ \\ Articles\\ \\ **The Inflation Reduction Act: Implications for Investment Tax Credits**\\ \\ The Inflation Reduction Act is one of the most significant economic plans in history. With clean energy initiatives as its main focus, tax credits take the center stage and are expected to change the US clean energy landscape.\\ \\ ![](https://cdn.prod.website-files.com/6784e55928014e1b7492b1b4/6793cd080d2e9f2e4422b6cd_64ca7b1fc368a4ae40be7823_InigoAvatar.png)\\ \\ Iñigo Rengifo\\ \\ August 28, 2023\\ \\ •\\ \\ 5\\ \\ min read](https://www.concentro.io/blog/the-inflation-reduction-act-implications-for-investment-tax-credits) [![](https://cdn.prod.website-files.com/6784e55928014e1b7492b1b4/6793d0a00fc9260029d81e8d_651c7d0527632211f959e7c3_All%2520technologies_Compressed.jpeg)\\ \\ Articles\\ \\ **Tax credit transferability: Why it will be transformational for the industry**\\ \\ Tax credit transferability, one of the key initiatives from the IRA, can be transformational for the clean energy industry by providing a mechanism for projects to monetize the value of tax credits received.\\ \\ ![](https://cdn.prod.website-files.com/6784e55928014e1b7492b1b4/6793cd080d2e9f2e4422b6cd_64ca7b1fc368a4ae40be7823_InigoAvatar.png)\\ \\ Iñigo Rengifo\\ \\ June 16, 2023\\ \\ •\\ \\ 4\\ \\ min read](https://www.concentro.io/blog/tax-credit-transferability-why-it-will-be-transformational-for-the-industry) [![](https://cdn.prod.website-files.com/6784e55928014e1b7492b1b4/6793d0a05c76154821de37f3_6700145ca66f2be49db2c607_20231222_IRAPreRegistrationPortal_Article_Picture_v1.jpeg)\\ \\ Resources\\ \\ **The IRS Opens the Pre-filing Registration Portal for IRA Tax Credits**\\ \\ This morning, the IRS has finally opened the electronic portal to pre-file for registration for clean energy projects aiming to monetize tax credits either through transfers or elective pay.\\ \\ ![](https://cdn.prod.website-files.com/6784e55928014e1b7492b1b4/6793cd080d2e9f2e4422b6cd_64ca7b1fc368a4ae40be7823_InigoAvatar.png)\\ \\ Iñigo Rengifo\\ \\ December 22, 2023\\ \\ •\\ \\ 2\\ \\ min read](https://www.concentro.io/blog/the-irs-opens-the-pre-filing-registration-portal-for-ira-tax-credits) [![](https://cdn.prod.website-files.com/6784e55928014e1b7492b1b4/6793d09f43bdbe9c15ea59cc_678908e4f31f93df805f4dd4_LIC_OpenToday_2025_Article_v1.jpeg)\\ \\ News\\ \\ **The Application Period for the 2025 Low-Income Communities Tax Credit Bonus Adder Begins Today**\\ \\ Application period for 48E(h) LIC Bonus Adder program starts today (1/16/2025)\\ \\ ![](https://cdn.prod.website-files.com/6784e55928014e1b7492b1b4/6793cd083fd954b5cff6de8c_66fec13f9ebbfb878523a54c_PFP%2520Enrique%2520Squared.png)\\ \\ Enrique Apellaniz\\ \\ January 16, 2025\\ \\ •\\ \\ 4\\ \\ min read](https://www.concentro.io/blog/the-application-period-for-the-2025-low-income-communities-tax-credit-bonus-adder-begins-today) [iframe](https://td.doubleclick.net/td/rul/11296405091?random=1746731476589&cv=11&fst=1746731476589&fmt=3&bg=ffffff&guid=ON&async=1&gcl_ctr=1>m=45be5570v9175128503z89138122718za200zb9138120011&gcd=13l3l3l3l1l1&dma=0&tag_exp=101509157~103101750~103101752~103116025~103130495~103130497~103200001~103233427~103251618~103251620~103284320~103284322~103301114~103301116&ptag_exp=101509157~103101750~103101752~103116025~103200001~103233427~103251618~103251620~103284320~103284322~103301114~103301116&u_w=1280&u_h=1024&url=https%3A%2F%2Fwww.concentro.io%2Fblog%2Fnavigating-the-final-guidance-on-pw-a-requirements-d7252&label=GQPUCPSq878aEOPsxYoq&hn=www.googleadservices.com&frm=0&tiba=Concentro&value=0&did=dZGVlNj&gdid=dZGVlNj&edid=dZGVlNj&bttype=purchase&npa=0&pscdl=noapi&auid=1034003996.1746731476&uaa=x86&uab=64&uafvl=Chromium%3B136.0.7103.59%7CGoogle%2520Chrome%3B136.0.7103.59%7CNot.A%252FBrand%3B99.0.0.0&uamb=0&uam=&uap=Linux%20x86_64&uapv=6.6.72&uaw=0&ec_mode=a&fledge=1&capi=1&_tu=Cg&em=tv.1&ct_cookie_present=0) ## Transformational Tax Credit Transferability [All Posts](https://www.concentro.io/blog) Articles 4 min read # Taxcredittransferability:Whyitwillbetransformationalfortheindustry ![](https://cdn.prod.website-files.com/6784e55928014e1b7492b1b4/6793d0a00fc9260029d81e8d_651c7d0527632211f959e7c3_All%2520technologies_Compressed.jpeg) Written by Iñigo Rengifo Published on June 16, 2023 [copied!](https://www.concentro.io/blog/tax-credit-transferability-why-it-will-be-transformational-for-the-industry#) The passage of the Inflation Reduction Act has set the stage for a major shift in the clean energy industry, particularly in how federal tax credits for clean energy initiatives are utilized. The key game-changer? The newfound transferability of these tax credits. In the world of clean energy, federal tax credits have long been the cornerstone of government support for innovative developments. However, their very nature posed a challenge: to benefit from these credits, recipients needed substantial tax liabilities to monetize them effectively. Given the substantial value of tax credits per project and the added advantages of accelerated depreciation, many project owners found themselves without sufficient tax liabilities to tap into these subsidies upfront. To address this monetization issue, the tax equity market developed. Simply put, tax equity allowed investors to become “owners” of projects in order to access credits and circumvent the previous lack of transferability. However, complex structures were needed (e.g., flip partnerships, sale-lease-backs, inverted leases) with significant costs and complexities for developers. Moreover, small projects were often excluded from this market, or faced additional hurdles, due to the size of the transaction costs. ## A Simpler Path to Monetization The recent shift toward transferable tax credits introduces a more straightforward avenue to monetize these credits. For some projects, this could emerge as a superior alternative to tax equity investments, while for others, it opens doors to a previously untapped source of project funding. The implications of this change are nothing short of transformative; some of our clients are witnessing the unlocking of approximately 30% of their investment into cash. With this new transfer mechanism a set of new possibilities arise, particularly for smaller projects, driving a whole new wave of development. Profitable economics can now drive projects forward, end users and developers can explore direct ownership instead of leasing, and the scope of opportunities continues to expand. ## The Evolution of Tax Equity Will tax equity become obsolete? The answer is no. Tax equity remains advantageous and will retain its place in the market, especially for large-scale projects. One of its prime benefits is that tax equity investors can also leverage depreciation, providing an additional avenue for project owners to monetize their investment. Depreciation offers an extra "tax deduction" equivalent to \[Investment x Tax rate\], accelerated under schedules like MACRS and bonus depreciation. For substantial projects where economies of scale outweigh transaction costs, tax equity will continue to reign supreme. ## Navigating the Transfer Process But let's not mistake simplicity for ease. While tax credit transfers are simpler compared to tax equity transactions, they still demand diligence, precise documentation, legally binding contracts, indemnities, and specific IRS filings. The integration of technology holds the key to streamlining these processes and curbing associated costs. At Concentro, we're committed to achieving just that. At Concentro, our mission is to democratize access to alternative financing solutions. We're building both the infrastructure and the marketplace to pave the way for tax credit transfers in smaller-scale projects, where we know the impact of the Inflation Reduction Act will be most profound. In conclusion, the passage of the Inflation Reduction Act has set forth a revolution in the clean energy industry. The transferability of federal tax credits not only simplifies monetization but also unlocks a new era of development. While tax equity retains its relevance, the future lies in the synergy of technology and progressive policy changes, offering a brighter, cleaner energy landscape for all. Please do reach out if you are interested in accessing tax credit monetization for your clean energy projects, interested in acquiring tax credits to reduce your tax liability or if you want to learn more. Subscribe to newsletter Subscribe to receive the latest blog posts to your inbox every week. Subscribe By submitting this form
you agree with our [Privacy Policy](https://www.concentro.io/terms-conditions-privacy-policy#privacy-policy) ![](https://cdn.prod.website-files.com/6763d6cf120b46189e34bf8c/6787a5fe56dd808c3e209752_success-icon.png) Thanks for subscribing. You have successfully subscribed to our newsletter. Done Oops! Something went wrong while submitting the form. Share this post [copied!](https://www.concentro.io/blog/tax-credit-transferability-why-it-will-be-transformational-for-the-industry#) ![](https://cdn.prod.website-files.com/6784e55928014e1b7492b1b4/6793cd080d2e9f2e4422b6cd_64ca7b1fc368a4ae40be7823_InigoAvatar.png) Iñigo Rengifo Co-Founder , Concentro # Latest Posts [View all](https://www.concentro.io/blog) [![](https://cdn.prod.website-files.com/6784e55928014e1b7492b1b4/6797fecdd27bac69cbc368a3_202501_DomesticContentTool_Article.webp)\\ \\ Resources\\ \\ **Unlock the 10% Domestic Content Bonus Adder with Concentro's New Domestic Content Calculator**\\ \\ The IRS has released updated guidance for calculating the domestic content of clean energy projects to qualify for the 10% Domestic Content Bonus Adder. To help developers navigate these new rules, Concentro has launched the Domestic Content Calculator—a streamlined tool that simplifies determining project eligibility by leveraging the updated safe harbor tables.\\ \\ ![](https://cdn.prod.website-files.com/6784e55928014e1b7492b1b4/6797fdb59bd87c649595ded7_PFP%20Liz%20Squared.png)\\ \\ Liz Studlick\\ \\ January 28, 2025\\ \\ •\\ \\ 2\\ \\ min read](https://www.concentro.io/blog/unlock-the-10-domestic-content-bonus-adder-with-concentros-new-domestic-content-calculator) [![](https://cdn.prod.website-files.com/6784e55928014e1b7492b1b4/6793d0a16d12ee2d638c109a_66fc4b9af4cd9a1934b60385_30C_Article_Image_v3_Size_2_1.jpeg)\\ \\ Articles\\ \\ **IRS Updates on 30C Tax Credits: A Game-Changer for EV Charging & Alternative Fuels**\\ \\ Key Changes Proposed in 30C Tax Credits (09/18/2024 Updates)\\ \\ ![](https://cdn.prod.website-files.com/6784e55928014e1b7492b1b4/6793cd083fd954b5cff6de8c_66fec13f9ebbfb878523a54c_PFP%2520Enrique%2520Squared.png)\\ \\ Enrique Apellaniz\\ \\ October 2, 2024\\ \\ •\\ \\ 7\\ \\ min read](https://www.concentro.io/blog/irs-updates-on-30c-tax-credits-a-game-changer-for-ev-charging-alternative-fuels) [![](https://cdn.prod.website-files.com/6784e55928014e1b7492b1b4/6793d0a0fa93a73291ee5232_6700174dafa7694e9d6bc529_20240624_NavigatingFinalPWA_Article_Picture_v1.jpeg)\\ \\ Resources\\ \\ **Navigating the Final Guidance on PW&A Requirements**\\ \\ The IRS released final guidance on the PW&A requirements, providing additional clarity on requirements for clean energy developers to maximize the tax credits available under the Inflation Reduction Act (IRA).\\ \\ ![](https://cdn.prod.website-files.com/6784e55928014e1b7492b1b4/6793cd080d2e9f2e4422b6cd_64ca7b1fc368a4ae40be7823_InigoAvatar.png)\\ \\ Iñigo Rengifo\\ \\ June 24, 2024\\ \\ •\\ \\ 8\\ \\ min read](https://www.concentro.io/blog/navigating-the-final-guidance-on-pw-a-requirements-d7252) [![](https://cdn.prod.website-files.com/6784e55928014e1b7492b1b4/6793d0a0d98f18b61a6f2602_652ff6a8ae1e4802f0a6eeef_City%2520and%2520Solar_Compressed_2x1.jpeg)\\ \\ Resources\\ \\ **A brief guide to the Low Income Communities Bonus Credit Program**\\ \\ The Low-Income Communities Bonus Credit Program application window will open in just a couple of days (October 19th), and it comes with an expected almost $1Bn annual investment in projects located in previously underserved communities.\\ \\ ![](https://cdn.prod.website-files.com/6784e55928014e1b7492b1b4/6793cd080d2e9f2e4422b6cd_64ca7b1fc368a4ae40be7823_InigoAvatar.png)\\ \\ Iñigo Rengifo\\ \\ October 18, 2023\\ \\ •\\ \\ 6\\ \\ min read](https://www.concentro.io/blog/a-brief-guide-to-the-low-income-communities-bonus-credit-program) [![](https://cdn.prod.website-files.com/6784e55928014e1b7492b1b4/6793d0a06b948cb67fab1bfb_652ff6b7f22f675febf250db_Finance_Compressed_2x1.jpeg)\\ \\ Articles\\ \\ **Understanding tax credit transfers' economics: The buyer's perspective**\\ \\ After the passage of the Inflation Reduction Act, clean energy tax credits can be transfered, presenting a very attractive investment opportunity for Corporates from a return, risk and ESG impact perspective.\\ \\ ![](https://cdn.prod.website-files.com/6784e55928014e1b7492b1b4/6793cd080d2e9f2e4422b6cd_64ca7b1fc368a4ae40be7823_InigoAvatar.png)\\ \\ Iñigo Rengifo\\ \\ September 25, 2023\\ \\ •\\ \\ 5\\ \\ min read](https://www.concentro.io/blog/understanding-tax-credit-transfers-economics-the-buyers-perspective) [![](https://cdn.prod.website-files.com/6784e55928014e1b7492b1b4/6793d0a067bb7d23bc56f6b3_651c7ac7b2c70df9cc12eefc_Wind%2520Turbines_Compressed.jpeg)\\ \\ Articles\\ \\ **The Inflation Reduction Act: Implications for Investment Tax Credits**\\ \\ The Inflation Reduction Act is one of the most significant economic plans in history. With clean energy initiatives as its main focus, tax credits take the center stage and are expected to change the US clean energy landscape.\\ \\ ![](https://cdn.prod.website-files.com/6784e55928014e1b7492b1b4/6793cd080d2e9f2e4422b6cd_64ca7b1fc368a4ae40be7823_InigoAvatar.png)\\ \\ Iñigo Rengifo\\ \\ August 28, 2023\\ \\ •\\ \\ 5\\ \\ min read](https://www.concentro.io/blog/the-inflation-reduction-act-implications-for-investment-tax-credits) [![](https://cdn.prod.website-files.com/6784e55928014e1b7492b1b4/6793d0a00fc9260029d81e8d_651c7d0527632211f959e7c3_All%2520technologies_Compressed.jpeg)\\ \\ Articles\\ \\ **Tax credit transferability: Why it will be transformational for the industry**\\ \\ Tax credit transferability, one of the key initiatives from the IRA, can be transformational for the clean energy industry by providing a mechanism for projects to monetize the value of tax credits received.\\ \\ ![](https://cdn.prod.website-files.com/6784e55928014e1b7492b1b4/6793cd080d2e9f2e4422b6cd_64ca7b1fc368a4ae40be7823_InigoAvatar.png)\\ \\ Iñigo Rengifo\\ \\ June 16, 2023\\ \\ •\\ \\ 4\\ \\ min read](https://www.concentro.io/blog/tax-credit-transferability-why-it-will-be-transformational-for-the-industry) [![](https://cdn.prod.website-files.com/6784e55928014e1b7492b1b4/6793d0a05c76154821de37f3_6700145ca66f2be49db2c607_20231222_IRAPreRegistrationPortal_Article_Picture_v1.jpeg)\\ \\ Resources\\ \\ **The IRS Opens the Pre-filing Registration Portal for IRA Tax Credits**\\ \\ This morning, the IRS has finally opened the electronic portal to pre-file for registration for clean energy projects aiming to monetize tax credits either through transfers or elective pay.\\ \\ ![](https://cdn.prod.website-files.com/6784e55928014e1b7492b1b4/6793cd080d2e9f2e4422b6cd_64ca7b1fc368a4ae40be7823_InigoAvatar.png)\\ \\ Iñigo Rengifo\\ \\ December 22, 2023\\ \\ •\\ \\ 2\\ \\ min read](https://www.concentro.io/blog/the-irs-opens-the-pre-filing-registration-portal-for-ira-tax-credits) [![](https://cdn.prod.website-files.com/6784e55928014e1b7492b1b4/6793d09f43bdbe9c15ea59cc_678908e4f31f93df805f4dd4_LIC_OpenToday_2025_Article_v1.jpeg)\\ \\ News\\ \\ **The Application Period for the 2025 Low-Income Communities Tax Credit Bonus Adder Begins Today**\\ \\ Application period for 48E(h) LIC Bonus Adder program starts today (1/16/2025)\\ \\ ![](https://cdn.prod.website-files.com/6784e55928014e1b7492b1b4/6793cd083fd954b5cff6de8c_66fec13f9ebbfb878523a54c_PFP%2520Enrique%2520Squared.png)\\ \\ Enrique Apellaniz\\ \\ January 16, 2025\\ \\ •\\ \\ 4\\ \\ min read](https://www.concentro.io/blog/the-application-period-for-the-2025-low-income-communities-tax-credit-bonus-adder-begins-today) [iframe](https://td.doubleclick.net/td/rul/11296405091?random=1746731476742&cv=11&fst=1746731476742&fmt=3&bg=ffffff&guid=ON&async=1>m=45be5570v9175128503z89138122718za200zb9138120011&gcd=13l3l3l3l1l1&dma=0&tag_exp=101509156~103101750~103101752~103116026~103130498~103130500~103200004~103233424~103251618~103251620~103284320~103284322~103301114~103301116&ptag_exp=101509157~103101750~103101752~103116026~103130498~103130500~103200004~103233427~103251618~103251620~103284320~103284322~103301114~103301116&u_w=1280&u_h=1024&url=https%3A%2F%2Fwww.concentro.io%2Fblog%2Ftax-credit-transferability-why-it-will-be-transformational-for-the-industry&hn=www.googleadservices.com&frm=0&tiba=Concentro&npa=0&pscdl=noapi&auid=1427278639.1746731477&uaa=x86&uab=64&uafvl=Chromium%3B136.0.7103.59%7CGoogle%2520Chrome%3B136.0.7103.59%7CNot.A%252FBrand%3B99.0.0.0&uamb=0&uam=&uap=Linux%20x86_64&uapv=6.6.72&uaw=0&fledge=1&data=event%3Dgtag.config)[iframe](https://td.doubleclick.net/td/rul/11296405091?random=1746731476853&cv=11&fst=1746731476853&fmt=3&bg=ffffff&guid=ON&async=1&gcl_ctr=1>m=45be5570v9175128503z89138122718za200zb9138120011&gcd=13l3l3l3l1l1&dma=0&tag_exp=101509156~103101750~103101752~103116026~103130498~103130500~103200004~103233424~103251618~103251620~103284320~103284322~103301114~103301116&ptag_exp=101509157~103101750~103101752~103116026~103130498~103130500~103200004~103233427~103251618~103251620~103284320~103284322~103301114~103301116&u_w=1280&u_h=1024&url=https%3A%2F%2Fwww.concentro.io%2Fblog%2Ftax-credit-transferability-why-it-will-be-transformational-for-the-industry&label=GQPUCPSq878aEOPsxYoq&hn=www.googleadservices.com&frm=0&tiba=Concentro&value=0&did=dZGVlNj&gdid=dZGVlNj&edid=dZGVlNj&bttype=purchase&npa=0&pscdl=noapi&auid=1427278639.1746731477&uaa=x86&uab=64&uafvl=Chromium%3B136.0.7103.59%7CGoogle%2520Chrome%3B136.0.7103.59%7CNot.A%252FBrand%3B99.0.0.0&uamb=0&uam=&uap=Linux%20x86_64&uapv=6.6.72&uaw=0&ec_mode=a&fledge=1&capi=1&_tu=Cg&em=tv.1&ct_cookie_present=0) ## Low-Income Communities Credit [All Posts](https://www.concentro.io/blog) Resources 6 min read # AbriefguidetotheLowIncomeCommunitiesBonusCreditProgram ![](https://cdn.prod.website-files.com/6784e55928014e1b7492b1b4/6793d0a0d98f18b61a6f2602_652ff6a8ae1e4802f0a6eeef_City%2520and%2520Solar_Compressed_2x1.jpeg) Written by Iñigo Rengifo Published on October 18, 2023 [copied!](https://www.concentro.io/blog/a-brief-guide-to-the-low-income-communities-bonus-credit-program#) The Low-Income Communities Bonus Credit Program application window will open in just a couple of days (October 19th), and it comes with an expected close to $1Bn annual government program in projects located in previously underserved communities. The Low-Income Communities bonus credit is one of the three bonus credits made available by the Inflation Reduction Act, alongside the Domestic Content and Energy Communities bonus adders. The LIC bonus credit will be a 10-20% additional credit to the base 30% Renewable Energy Investment Tax Credit (bringing the total tax credit subsidy to at least 40-50% of the investment). The objective of the bonus credit is to ensure that the impact of the Inflation Reduction Act reaches low-income and disadvantaged communities, contributing to the Investing in America agenda from the Biden-Harris Administration. By providing both benefit and/or location requirements, the program will contribute to economic revitalization in the target communities by providing high quality jobs and bringing down the energy costs to families, while also contributing to energy access justice. The following guide provides an overview of the program as well as detail on the qualification requirements and application process. Please reach out to us at [inigo@concentro.io](https://www.notion.so/Concentro-17da7c6206e44b5e8a5458ae4c437852?pvs=21) for further information or help. ## Overview of the Low-Income Communities Bonus Credit Program The Low-Income Communities Bonus Credit Program will allocate bonus tax credits of 10%-20% of the total investment, bringing the total tax credit subsidy to at least 40-50% for projects benefiting these communities that are selected for the program. The program will allocate subsidies for 1.8 GW of installed capacity each year (around $5Bn of investment) for projects under 5 MW, divided in 4 different categories. Each category will have a capacity cap and certain criteria, as detailed below. The program will run on an annual basis, and applications for the 2023 bonus credits will open on October 19th, with a 30 day window to apply - after the 30 day window, projects will be reviewed on a rolling basis if there is capacity available. One of the key items of this bonus adder is that projects will receive a confirmation of eligibility from the IRS, which should help make buyers more comfortable with the overall project in the case of a transfer. Summarizing the key items: 1. Bonus tax credits of 10% or 20% depending on the category. 2. Projects under 5 MW are eligible, and only Section 48 Investment Tax Credits. 3. Total annual capacity for the program is 1.8 GW, allocated across 4 categories. 4. Applications open on October 19th, with an initial 30-day window to apply. ## Which projects qualify? Solar, wind and battery storage projects under 5 MW of installed capacity qualify for the Low-Income Communities Bonus Credit Program. Moreover, bonus tax credits can only be claimed alongside Section 48 Investment Tax Credits (not Production Tax Credits). There are four different categories of eligible projects, each with a different bonus credit and capacity cap: | Category & Criteria | Capacity Cap | Bonus ITC | | ------------------------------------------------------------- | ------------- | ------------- | | Category 1: Located in a Low-Income Community | 700 megawatts | 10% Bonus ITC | | Category 2: Located on Indian Land | 200 megawatts | 10% Bonus ITC | | Category 3: Qualified Low-Income Residential Building Project | 200 megawatts | 20% Bonus ITC | | Category 4: Qualified Low-Income Economic Benefit Project | 700 megawatts | 20% Bonus ITC | ‍ The criteria to qualify for each of the categories is as follows (source: DOE and Federal Registry): 1. Category 1: facilities located in a Low-Income Community, defined as any population census tract if the poverty rate for such tract is at least 20 percent, or, in the case of a tract not located within a metropolitan area, the median family income for such tract does not exceed 80 percent of statewide median family income, or in the case of a tract located within a metropolitan area, the median family income for such tract does not exceed 80 percent of the greater of statewide median family income or the metropolitan area median family income (see the following [map](https://experience.arcgis.com/experience/12227d891a4d471497ac13f60fffd822)). 2. Category 2: facilities that are placed in Indian land as defined in section 2601(2) of the Energy Policy Act of 1992. 3. Category 3: facilities that are part of federally-subsidized residential buildings, including housing supported by the Low-Income Housing Tax Credit and Section 8 of the Housing Act. 4. Category: facilities where at least 50 percent of the financial benefits of the electricity produced go to households with incomes below 200 percent of the poverty line or below 80 percent of area median gross income. Category 1 will be further divided into projects BTM (behind the meter) and FTM (front of the meter), with 70% of the cap (490 MW) assigned to BTM projects and 30% of the cap assigned to FTM projects (210 MW). Furthermore, each category will have an “Additional Selection Criteria” (ASC), reserving 50% of each category’s total capacity for projects meeting additional geographical or ownership criteria: 1. Geographical criteria: a facility would need to be located in a Persistent Poverty County or in a census tract that is designated in the CEJST as disadvantaged. 2. Ownership criteria: if it is owned by a Tribal enterprise, an Alaska Native Corporation, a renewable energy cooperative, a qualified renewable energy company meeting certain characteristics, or a qualified tax-exempt entity The previously referenced [map](https://experience.arcgis.com/experience/12227d891a4d471497ac13f60fffd822) from the U.S. Department of Energy is helpful to identify the geographies meeting the Additional Selection Criteria. ## What is the application process? The application window opens on October 19th, and projects will have a 30-day window to submit an application. All the projects submitted within that window will be treated as having the same application date, and priority will be assigned through a lottery within each bucket. After the window closes, if there is further capacity available, additional submissions for 2023 will be treated on a rolling basis up until Q1 2024. In Q2 2024, applications for 2024 will open. Applications will have to be submitted through an electronic portal provided by the DOE: [electronic portal](https://eco.energy.gov/ejbonus/s/). Moreover, applicants are required to have a [login.gov](https://www.login.gov/help/get-started/create-your-account/) account. Lastly, projects are required to submit a certain set of documents and attestations that will depend on the category the fall underneath and whether they are front-of or behind the meter. Please refer to the tables provided below. ## What if applications exceed the capacity? Applications are expected to exceed the 1.8 GW threshold (at least in some of the categories and sub-divisions), so it is important to understand how it would be dealt with. If applications exceed the capacity allocated in each category, Additional Selection Criteria projects will take priority over other projects. Additionally the priority will be randomized for projects that have submitted within the application window, as all of them will be considered to have the same application date. Let's use a couple of scenarios within Category 4 (700 MW) to understand the logic above: 1. Scenario 1: Fewer than 350 MW of ASC applications are submitted. The 350 MW carve-out is maintained for future ASC application submissions within the program year. If non-ASC applications exceed 350 MW, a lottery will take place for those applications to determine review order. 2. Scenario 2: More than 350 MW but less than 700 MW of ASC applications are submitted. ASC takes review priority over non-ASC applications and a lottery will take place for non-ASC to determine review order if the combined capacity is over 700 MW. 3. Scenario 3: More than 700 MW of ASC applications are submitted. ASC takes review priority over non-ASC applications and a lottery will take place for ASC to determine review order. ## **What are the document and attestation requirements?** All projects are required to submit the following documents and attestations, depending on the project characteristics. | | FTM | BTM ≤1 MW AC | BTM >1 MW AC | | --------------------------------------------------------------------------------------------------------------------------------------------------------------------- | --- | ------------ | ------------ | | **Proposed Document Requirement** | | | | | An executed contract to purchase the facility, an executed contract to lease the facility, or an executed PPA for the facility | No | Yes | Yes | | A copy of the final executed interconnection agreement, if applicable | Yes | No | Yes | | **Proposed Attestation Requirement** | | | | | The applicant has site control through ownership, an executed lease contract, site access agreement or similar agreement between the property owner and the applicant | Yes | No | No | | The facility has obtained all applicable Federal, State, Tribal, and local non-ministerial permits, or that the facility is not required to obtain such permits | Yes | Yes | Yes | | The applicant is in compliance with all Federal, State, and Tribal laws, including consumer protection laws (as applicable) | Yes | Yes | Yes | | The applicant has appropriately sized the facility (to meet no more than 110 percent of historical customer load) | No | Yes | Yes | | The applicant has appropriately sized the customer's facility output share and has based facility output share on historical customer load | Yes | No | No | | The applicant has inspected installation sites for suitability (for example, roofs) | Yes | Yes | Yes | At the same time, depending on the Category and Additional Selection Criteria (ASC) eligibility, the following documents and attestations would be required: | | Category 1 | Category 2 | Category 3 | Category 4 | | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- | ---------- | ---------- | ------------------------- | ---------- | | **Proposed Document Requirement** | | | | | | Documentation demonstrating property will be installed on an eligible residential building | No | No | Yes | No | | Plans to ensure tenants receive required financial benefits | No | No | Yes | No | | If applying under ASC: Documentation demonstrating applicant meets Ownership Criteria | Yes | Yes | Yes | Yes | | **Proposed Attestation Requirement** | | | | | | Facility location is eligible | Yes | Yes | No | No | | Consumer disclosures informing customers of their legal rights and protections have been provided to customers that have signed up and will be provided to future customers | Yes | Yes | Yes (provided to tenants) | Yes | | The applicant will ensure at least 50 percent of the facility's total output will be provided to qualifying low-income households and that each receive at least a 20 percent bill credit discount rate | No | No | No | Yes | | If applying under ASC: Facility location is eligible based on PPC/CEJST | Yes | No | Yes | Yes | ## Closing thoughts The Low-Income Community Bonus Credit Program should help provide a development boost in the target communities, bringing not only cheaper and cleaner energy, but also spurring economic development in those communities. The 1.8 GW alone should lead to a $5Bn annual investment in these communities, but further projects that will not reach the potentially (and hopefully) oversubscribed program, will also be developed, thus increasing to total amount invested in these communities. Additionally, for corporates considering acquiring tax credits from clean energy projects, accessing projects within the program could be very attractive for them: it contributes to the Enviromental & Social aspects of ESG, and tax credits are certified by the government. We hope that this guide was useful and please reach out to us if you have any additional questions or need help: send us an email at [inigo@concentro.io](mailto:inigo@concentro.io) or book a slot with us at [https://www.concentro.io/schedule-a-call](https://www.concentro.io/schedule-a-call). Moreover, we have found the following resources useful (used as sources for this article): 1. Department of Energy - Low-Income Communities Bonus Credit Program Portal: [https://www.energy.gov/diversity/low-income-communities-bonus-credit-program](https://www.energy.gov/diversity/low-income-communities-bonus-credit-program) 2. Department of Energy - Webinar Slides: [https://www.energy.gov/media/307161](https://www.energy.gov/media/307161) 3. Department of Treasury: [https://home.treasury.gov/news/featured-stories/the-low-income-communities-bonus-credit-program-our-approach-to-an-inclusive-clean-energy-economy](https://home.treasury.gov/news/featured-stories/the-low-income-communities-bonus-credit-program-our-approach-to-an-inclusive-clean-energy-economy) 4. Internal Revenue Service - Full Guidance: [https://www.federalregister.gov/documents/2023/08/15/2023-17078/additional-guidance-on-low-income-communities-bonus-credit-program](https://www.federalregister.gov/documents/2023/08/15/2023-17078/additional-guidance-on-low-income-communities-bonus-credit-program) Subscribe to newsletter Subscribe to receive the latest blog posts to your inbox every week. Subscribe By submitting this form
you agree with our [Privacy Policy](https://www.concentro.io/terms-conditions-privacy-policy#privacy-policy) ![](https://cdn.prod.website-files.com/6763d6cf120b46189e34bf8c/6787a5fe56dd808c3e209752_success-icon.png) Thanks for subscribing. You have successfully subscribed to our newsletter. Done Oops! Something went wrong while submitting the form. Share this post [copied!](https://www.concentro.io/blog/a-brief-guide-to-the-low-income-communities-bonus-credit-program#) ![](https://cdn.prod.website-files.com/6784e55928014e1b7492b1b4/6793cd080d2e9f2e4422b6cd_64ca7b1fc368a4ae40be7823_InigoAvatar.png) Iñigo Rengifo Co-Founder , Concentro # Latest Posts [View all](https://www.concentro.io/blog) [![](https://cdn.prod.website-files.com/6784e55928014e1b7492b1b4/6797fecdd27bac69cbc368a3_202501_DomesticContentTool_Article.webp)\\ \\ Resources\\ \\ **Unlock the 10% Domestic Content Bonus Adder with Concentro's New Domestic Content Calculator**\\ \\ The IRS has released updated guidance for calculating the domestic content of clean energy projects to qualify for the 10% Domestic Content Bonus Adder. To help developers navigate these new rules, Concentro has launched the Domestic Content Calculator—a streamlined tool that simplifies determining project eligibility by leveraging the updated safe harbor tables.\\ \\ ![](https://cdn.prod.website-files.com/6784e55928014e1b7492b1b4/6797fdb59bd87c649595ded7_PFP%20Liz%20Squared.png)\\ \\ Liz Studlick\\ \\ January 28, 2025\\ \\ •\\ \\ 2\\ \\ min read](https://www.concentro.io/blog/unlock-the-10-domestic-content-bonus-adder-with-concentros-new-domestic-content-calculator) [![](https://cdn.prod.website-files.com/6784e55928014e1b7492b1b4/6793d0a16d12ee2d638c109a_66fc4b9af4cd9a1934b60385_30C_Article_Image_v3_Size_2_1.jpeg)\\ \\ Articles\\ \\ **IRS Updates on 30C Tax Credits: A Game-Changer for EV Charging & Alternative Fuels**\\ \\ Key Changes Proposed in 30C Tax Credits (09/18/2024 Updates)\\ \\ ![](https://cdn.prod.website-files.com/6784e55928014e1b7492b1b4/6793cd083fd954b5cff6de8c_66fec13f9ebbfb878523a54c_PFP%2520Enrique%2520Squared.png)\\ \\ Enrique Apellaniz\\ \\ October 2, 2024\\ \\ •\\ \\ 7\\ \\ min read](https://www.concentro.io/blog/irs-updates-on-30c-tax-credits-a-game-changer-for-ev-charging-alternative-fuels) [![](https://cdn.prod.website-files.com/6784e55928014e1b7492b1b4/6793d0a0fa93a73291ee5232_6700174dafa7694e9d6bc529_20240624_NavigatingFinalPWA_Article_Picture_v1.jpeg)\\ \\ Resources\\ \\ **Navigating the Final Guidance on PW&A Requirements**\\ \\ The IRS released final guidance on the PW&A requirements, providing additional clarity on requirements for clean energy developers to maximize the tax credits available under the Inflation Reduction Act (IRA).\\ \\ ![](https://cdn.prod.website-files.com/6784e55928014e1b7492b1b4/6793cd080d2e9f2e4422b6cd_64ca7b1fc368a4ae40be7823_InigoAvatar.png)\\ \\ Iñigo Rengifo\\ \\ June 24, 2024\\ \\ •\\ \\ 8\\ \\ min read](https://www.concentro.io/blog/navigating-the-final-guidance-on-pw-a-requirements-d7252) [![](https://cdn.prod.website-files.com/6784e55928014e1b7492b1b4/6793d0a0d98f18b61a6f2602_652ff6a8ae1e4802f0a6eeef_City%2520and%2520Solar_Compressed_2x1.jpeg)\\ \\ Resources\\ \\ **A brief guide to the Low Income Communities Bonus Credit Program**\\ \\ The Low-Income Communities Bonus Credit Program application window will open in just a couple of days (October 19th), and it comes with an expected almost $1Bn annual investment in projects located in previously underserved communities.\\ \\ ![](https://cdn.prod.website-files.com/6784e55928014e1b7492b1b4/6793cd080d2e9f2e4422b6cd_64ca7b1fc368a4ae40be7823_InigoAvatar.png)\\ \\ Iñigo Rengifo\\ \\ October 18, 2023\\ \\ •\\ \\ 6\\ \\ min read](https://www.concentro.io/blog/a-brief-guide-to-the-low-income-communities-bonus-credit-program) [![](https://cdn.prod.website-files.com/6784e55928014e1b7492b1b4/6793d0a06b948cb67fab1bfb_652ff6b7f22f675febf250db_Finance_Compressed_2x1.jpeg)\\ \\ Articles\\ \\ **Understanding tax credit transfers' economics: The buyer's perspective**\\ \\ After the passage of the Inflation Reduction Act, clean energy tax credits can be transfered, presenting a very attractive investment opportunity for Corporates from a return, risk and ESG impact perspective.\\ \\ ![](https://cdn.prod.website-files.com/6784e55928014e1b7492b1b4/6793cd080d2e9f2e4422b6cd_64ca7b1fc368a4ae40be7823_InigoAvatar.png)\\ \\ Iñigo Rengifo\\ \\ September 25, 2023\\ \\ •\\ \\ 5\\ \\ min read](https://www.concentro.io/blog/understanding-tax-credit-transfers-economics-the-buyers-perspective) [![](https://cdn.prod.website-files.com/6784e55928014e1b7492b1b4/6793d0a067bb7d23bc56f6b3_651c7ac7b2c70df9cc12eefc_Wind%2520Turbines_Compressed.jpeg)\\ \\ Articles\\ \\ **The Inflation Reduction Act: Implications for Investment Tax Credits**\\ \\ The Inflation Reduction Act is one of the most significant economic plans in history. With clean energy initiatives as its main focus, tax credits take the center stage and are expected to change the US clean energy landscape.\\ \\ ![](https://cdn.prod.website-files.com/6784e55928014e1b7492b1b4/6793cd080d2e9f2e4422b6cd_64ca7b1fc368a4ae40be7823_InigoAvatar.png)\\ \\ Iñigo Rengifo\\ \\ August 28, 2023\\ \\ •\\ \\ 5\\ \\ min read](https://www.concentro.io/blog/the-inflation-reduction-act-implications-for-investment-tax-credits) [![](https://cdn.prod.website-files.com/6784e55928014e1b7492b1b4/6793d0a00fc9260029d81e8d_651c7d0527632211f959e7c3_All%2520technologies_Compressed.jpeg)\\ \\ Articles\\ \\ **Tax credit transferability: Why it will be transformational for the industry**\\ \\ Tax credit transferability, one of the key initiatives from the IRA, can be transformational for the clean energy industry by providing a mechanism for projects to monetize the value of tax credits received.\\ \\ ![](https://cdn.prod.website-files.com/6784e55928014e1b7492b1b4/6793cd080d2e9f2e4422b6cd_64ca7b1fc368a4ae40be7823_InigoAvatar.png)\\ \\ Iñigo Rengifo\\ \\ June 16, 2023\\ \\ •\\ \\ 4\\ \\ min read](https://www.concentro.io/blog/tax-credit-transferability-why-it-will-be-transformational-for-the-industry) [![](https://cdn.prod.website-files.com/6784e55928014e1b7492b1b4/6793d0a05c76154821de37f3_6700145ca66f2be49db2c607_20231222_IRAPreRegistrationPortal_Article_Picture_v1.jpeg)\\ \\ Resources\\ \\ **The IRS Opens the Pre-filing Registration Portal for IRA Tax Credits**\\ \\ This morning, the IRS has finally opened the electronic portal to pre-file for registration for clean energy projects aiming to monetize tax credits either through transfers or elective pay.\\ \\ ![](https://cdn.prod.website-files.com/6784e55928014e1b7492b1b4/6793cd080d2e9f2e4422b6cd_64ca7b1fc368a4ae40be7823_InigoAvatar.png)\\ \\ Iñigo Rengifo\\ \\ December 22, 2023\\ \\ •\\ \\ 2\\ \\ min read](https://www.concentro.io/blog/the-irs-opens-the-pre-filing-registration-portal-for-ira-tax-credits) [![](https://cdn.prod.website-files.com/6784e55928014e1b7492b1b4/6793d09f43bdbe9c15ea59cc_678908e4f31f93df805f4dd4_LIC_OpenToday_2025_Article_v1.jpeg)\\ \\ News\\ \\ **The Application Period for the 2025 Low-Income Communities Tax Credit Bonus Adder Begins Today**\\ \\ Application period for 48E(h) LIC Bonus Adder program starts today (1/16/2025)\\ \\ ![](https://cdn.prod.website-files.com/6784e55928014e1b7492b1b4/6793cd083fd954b5cff6de8c_66fec13f9ebbfb878523a54c_PFP%2520Enrique%2520Squared.png)\\ \\ Enrique Apellaniz\\ \\ January 16, 2025\\ \\ •\\ \\ 4\\ \\ min read](https://www.concentro.io/blog/the-application-period-for-the-2025-low-income-communities-tax-credit-bonus-adder-begins-today) [iframe](https://td.doubleclick.net/td/rul/11296405091?random=1746731477825&cv=11&fst=1746731477825&fmt=3&bg=ffffff&guid=ON&async=1>m=45be5570v9175128503za200zb9138120011&gcd=13l3l3l3l1l1&dma=0&tag_exp=101509157~103101750~103101752~103116026~103200004~103233427~103251618~103251620~103284320~103284322~103301114~103301116&ptag_exp=101509156~103101750~103101752~103116025~103130495~103130497~103200001~103233424~103251618~103251620~103284320~103284322~103301114~103301116&u_w=1280&u_h=1024&url=https%3A%2F%2Fwww.concentro.io%2Fblog%2Fa-brief-guide-to-the-low-income-communities-bonus-credit-program&hn=www.googleadservices.com&frm=0&tiba=Concentro&did=dZGVlNj&gdid=dZGVlNj&npa=0&pscdl=noapi&auid=847028144.1746731478&uaa=x86&uab=64&uafvl=Chromium%3B136.0.7103.59%7CGoogle%2520Chrome%3B136.0.7103.59%7CNot.A%252FBrand%3B99.0.0.0&uamb=0&uam=&uap=Linux%20x86_64&uapv=6.6.72&uaw=0&fledge=1&data=event%3Dgtag.config)[iframe](https://td.doubleclick.net/td/rul/11296405091?random=1746731478525&cv=11&fst=1746731478525&fmt=3&bg=ffffff&guid=ON&async=1&gcl_ctr=1>m=45be5570v9175128503z89138122718za200zb9138120011&gcd=13l3l3l3l1l1&dma=0&tag_exp=101509157~103101750~103101752~103116026~103200004~103233427~103251618~103251620~103284320~103284322~103301114~103301116&ptag_exp=101509156~103101750~103101752~103116025~103130495~103130497~103200001~103233424~103251618~103251620~103284320~103284322~103301114~103301116&u_w=1280&u_h=1024&url=https%3A%2F%2Fwww.concentro.io%2Fblog%2Fa-brief-guide-to-the-low-income-communities-bonus-credit-program&label=GQPUCPSq878aEOPsxYoq&hn=www.googleadservices.com&frm=0&tiba=Concentro&value=0&did=dZGVlNj&gdid=dZGVlNj&edid=dZGVlNj&bttype=purchase&npa=0&pscdl=noapi&auid=847028144.1746731478&uaa=x86&uab=64&uafvl=Chromium%3B136.0.7103.59%7CGoogle%2520Chrome%3B136.0.7103.59%7CNot.A%252FBrand%3B99.0.0.0&uamb=0&uam=&uap=Linux%20x86_64&uapv=6.6.72&uaw=0&ec_mode=a&fledge=1&capi=1&_tu=Cg&em=tv.1&ct_cookie_present=0) ## IRS Pre-filing Portal [All Posts](https://www.concentro.io/blog) Resources 2 min read # TheIRSOpensthePre-filingRegistrationPortalforIRATaxCredits ![](https://cdn.prod.website-files.com/6784e55928014e1b7492b1b4/6793d0a05c76154821de37f3_6700145ca66f2be49db2c607_20231222_IRAPreRegistrationPortal_Article_Picture_v1.jpeg) Written by Iñigo Rengifo Published on December 22, 2023 [copied!](https://www.concentro.io/blog/the-irs-opens-the-pre-filing-registration-portal-for-ira-tax-credits#) This morning, the IRS has opened the electronic portal to pre-file for registration for clean energy projects aiming to monetize tax credits either through transfers or elective pay. The anticipated portal was the missing piece for tax credit transfers to fully close, as registration numbers are a key requirement to be included by the transferee and transferor when filing taxes for tax credit transfers to be approved by the IRS. Furthermore, registration numbers are expected to play a key in fraud prevention. Some initial helpful resources and information (while we investigate further): 1. Projects should pre-file for a registration number after being placed in service. 2. Projects should pre-file at least 120 days before filing taxes - our advice is to file as soon as projects are in service, also to avoid delays in a potentially backlogged queue. 3. Registration numbers will be provided after the review of the pre-filing is complete, not right away - therefore we encourage projects to file the sooner possible. 4. The IRS has published a very useful and [detailed guide](https://www.irs.gov/pub/irs-pdf/p5884.pdf) as well as a [video tutorial](https://urldefense.com/v3/__https:/www.irsvideos.gov/Governments/Resources/TheIRAandCHIPSActPreFilingRegistrationToolOverview__;!!PNB4JCI!w349KExc3E3up87DCyDDc5-AzQjtl7aCMFJK1sGPW2-tF2YjgOV2pxXUpqQRu0uPXt2wDkZamAqi1R-1bCEf$). 5. On Tuesday, January 9, 2023 at 2:00p ET, the Department of Treasury will host a webinar providing an overview of the process - you can register in advance for this briefing through this [link](https://ustreasury.zoomgov.com/webinar/register/WN_IuqDJGlhS3KtMKBb5cWzmg#/registration). ![](https://cdn.prod.website-files.com/6784e55928014e1b7492b1b4/6793d0a05c76154821de37dc_670014684d7a33f1c7c5c33c_6585dda07a9f8d4de03e9cd9_IRS%252520Portal.png) Steps to Register a Project in the Portal (Source: IRS) We are working on providing a more useful guide as well as on our platform to help our clients streamline the process. If you have any questions or if need help with the process, please do [contact us](https://www.concentro.io/contact). Subscribe to newsletter Subscribe to receive the latest blog posts to your inbox every week. Subscribe By submitting this form
you agree with our [Privacy Policy](https://www.concentro.io/terms-conditions-privacy-policy#privacy-policy) ![](https://cdn.prod.website-files.com/6763d6cf120b46189e34bf8c/6787a5fe56dd808c3e209752_success-icon.png) Thanks for subscribing. You have successfully subscribed to our newsletter. Done Oops! Something went wrong while submitting the form. Share this post [copied!](https://www.concentro.io/blog/the-irs-opens-the-pre-filing-registration-portal-for-ira-tax-credits#) ![](https://cdn.prod.website-files.com/6784e55928014e1b7492b1b4/6793cd080d2e9f2e4422b6cd_64ca7b1fc368a4ae40be7823_InigoAvatar.png) Iñigo Rengifo Co-Founder , Concentro # Latest Posts [View all](https://www.concentro.io/blog) [![](https://cdn.prod.website-files.com/6784e55928014e1b7492b1b4/6797fecdd27bac69cbc368a3_202501_DomesticContentTool_Article.webp)\\ \\ Resources\\ \\ **Unlock the 10% Domestic Content Bonus Adder with Concentro's New Domestic Content Calculator**\\ \\ The IRS has released updated guidance for calculating the domestic content of clean energy projects to qualify for the 10% Domestic Content Bonus Adder. To help developers navigate these new rules, Concentro has launched the Domestic Content Calculator—a streamlined tool that simplifies determining project eligibility by leveraging the updated safe harbor tables.\\ \\ ![](https://cdn.prod.website-files.com/6784e55928014e1b7492b1b4/6797fdb59bd87c649595ded7_PFP%20Liz%20Squared.png)\\ \\ Liz Studlick\\ \\ January 28, 2025\\ \\ •\\ \\ 2\\ \\ min read](https://www.concentro.io/blog/unlock-the-10-domestic-content-bonus-adder-with-concentros-new-domestic-content-calculator) [![](https://cdn.prod.website-files.com/6784e55928014e1b7492b1b4/6793d0a16d12ee2d638c109a_66fc4b9af4cd9a1934b60385_30C_Article_Image_v3_Size_2_1.jpeg)\\ \\ Articles\\ \\ **IRS Updates on 30C Tax Credits: A Game-Changer for EV Charging & Alternative Fuels**\\ \\ Key Changes Proposed in 30C Tax Credits (09/18/2024 Updates)\\ \\ ![](https://cdn.prod.website-files.com/6784e55928014e1b7492b1b4/6793cd083fd954b5cff6de8c_66fec13f9ebbfb878523a54c_PFP%2520Enrique%2520Squared.png)\\ \\ Enrique Apellaniz\\ \\ October 2, 2024\\ \\ •\\ \\ 7\\ \\ min read](https://www.concentro.io/blog/irs-updates-on-30c-tax-credits-a-game-changer-for-ev-charging-alternative-fuels) [![](https://cdn.prod.website-files.com/6784e55928014e1b7492b1b4/6793d0a0fa93a73291ee5232_6700174dafa7694e9d6bc529_20240624_NavigatingFinalPWA_Article_Picture_v1.jpeg)\\ \\ Resources\\ \\ **Navigating the Final Guidance on PW&A Requirements**\\ \\ The IRS released final guidance on the PW&A requirements, providing additional clarity on requirements for clean energy developers to maximize the tax credits available under the Inflation Reduction Act (IRA).\\ \\ ![](https://cdn.prod.website-files.com/6784e55928014e1b7492b1b4/6793cd080d2e9f2e4422b6cd_64ca7b1fc368a4ae40be7823_InigoAvatar.png)\\ \\ Iñigo Rengifo\\ \\ June 24, 2024\\ \\ •\\ \\ 8\\ \\ min read](https://www.concentro.io/blog/navigating-the-final-guidance-on-pw-a-requirements-d7252) [![](https://cdn.prod.website-files.com/6784e55928014e1b7492b1b4/6793d0a0d98f18b61a6f2602_652ff6a8ae1e4802f0a6eeef_City%2520and%2520Solar_Compressed_2x1.jpeg)\\ \\ Resources\\ \\ **A brief guide to the Low Income Communities Bonus Credit Program**\\ \\ The Low-Income Communities Bonus Credit Program application window will open in just a couple of days (October 19th), and it comes with an expected almost $1Bn annual investment in projects located in previously underserved communities.\\ \\ ![](https://cdn.prod.website-files.com/6784e55928014e1b7492b1b4/6793cd080d2e9f2e4422b6cd_64ca7b1fc368a4ae40be7823_InigoAvatar.png)\\ \\ Iñigo Rengifo\\ \\ October 18, 2023\\ \\ •\\ \\ 6\\ \\ min read](https://www.concentro.io/blog/a-brief-guide-to-the-low-income-communities-bonus-credit-program) [![](https://cdn.prod.website-files.com/6784e55928014e1b7492b1b4/6793d0a06b948cb67fab1bfb_652ff6b7f22f675febf250db_Finance_Compressed_2x1.jpeg)\\ \\ Articles\\ \\ **Understanding tax credit transfers' economics: The buyer's perspective**\\ \\ After the passage of the Inflation Reduction Act, clean energy tax credits can be transfered, presenting a very attractive investment opportunity for Corporates from a return, risk and ESG impact perspective.\\ \\ ![](https://cdn.prod.website-files.com/6784e55928014e1b7492b1b4/6793cd080d2e9f2e4422b6cd_64ca7b1fc368a4ae40be7823_InigoAvatar.png)\\ \\ Iñigo Rengifo\\ \\ September 25, 2023\\ \\ •\\ \\ 5\\ \\ min read](https://www.concentro.io/blog/understanding-tax-credit-transfers-economics-the-buyers-perspective) [![](https://cdn.prod.website-files.com/6784e55928014e1b7492b1b4/6793d0a067bb7d23bc56f6b3_651c7ac7b2c70df9cc12eefc_Wind%2520Turbines_Compressed.jpeg)\\ \\ Articles\\ \\ **The Inflation Reduction Act: Implications for Investment Tax Credits**\\ \\ The Inflation Reduction Act is one of the most significant economic plans in history. With clean energy initiatives as its main focus, tax credits take the center stage and are expected to change the US clean energy landscape.\\ \\ ![](https://cdn.prod.website-files.com/6784e55928014e1b7492b1b4/6793cd080d2e9f2e4422b6cd_64ca7b1fc368a4ae40be7823_InigoAvatar.png)\\ \\ Iñigo Rengifo\\ \\ August 28, 2023\\ \\ •\\ \\ 5\\ \\ min read](https://www.concentro.io/blog/the-inflation-reduction-act-implications-for-investment-tax-credits) [![](https://cdn.prod.website-files.com/6784e55928014e1b7492b1b4/6793d0a00fc9260029d81e8d_651c7d0527632211f959e7c3_All%2520technologies_Compressed.jpeg)\\ \\ Articles\\ \\ **Tax credit transferability: Why it will be transformational for the industry**\\ \\ Tax credit transferability, one of the key initiatives from the IRA, can be transformational for the clean energy industry by providing a mechanism for projects to monetize the value of tax credits received.\\ \\ ![](https://cdn.prod.website-files.com/6784e55928014e1b7492b1b4/6793cd080d2e9f2e4422b6cd_64ca7b1fc368a4ae40be7823_InigoAvatar.png)\\ \\ Iñigo Rengifo\\ \\ June 16, 2023\\ \\ •\\ \\ 4\\ \\ min read](https://www.concentro.io/blog/tax-credit-transferability-why-it-will-be-transformational-for-the-industry) [![](https://cdn.prod.website-files.com/6784e55928014e1b7492b1b4/6793d0a05c76154821de37f3_6700145ca66f2be49db2c607_20231222_IRAPreRegistrationPortal_Article_Picture_v1.jpeg)\\ \\ Resources\\ \\ **The IRS Opens the Pre-filing Registration Portal for IRA Tax Credits**\\ \\ This morning, the IRS has finally opened the electronic portal to pre-file for registration for clean energy projects aiming to monetize tax credits either through transfers or elective pay.\\ \\ ![](https://cdn.prod.website-files.com/6784e55928014e1b7492b1b4/6793cd080d2e9f2e4422b6cd_64ca7b1fc368a4ae40be7823_InigoAvatar.png)\\ \\ Iñigo Rengifo\\ \\ December 22, 2023\\ \\ •\\ \\ 2\\ \\ min read](https://www.concentro.io/blog/the-irs-opens-the-pre-filing-registration-portal-for-ira-tax-credits) [![](https://cdn.prod.website-files.com/6784e55928014e1b7492b1b4/6793d09f43bdbe9c15ea59cc_678908e4f31f93df805f4dd4_LIC_OpenToday_2025_Article_v1.jpeg)\\ \\ News\\ \\ **The Application Period for the 2025 Low-Income Communities Tax Credit Bonus Adder Begins Today**\\ \\ Application period for 48E(h) LIC Bonus Adder program starts today (1/16/2025)\\ \\ ![](https://cdn.prod.website-files.com/6784e55928014e1b7492b1b4/6793cd083fd954b5cff6de8c_66fec13f9ebbfb878523a54c_PFP%2520Enrique%2520Squared.png)\\ \\ Enrique Apellaniz\\ \\ January 16, 2025\\ \\ •\\ \\ 4\\ \\ min read](https://www.concentro.io/blog/the-application-period-for-the-2025-low-income-communities-tax-credit-bonus-adder-begins-today) ## Domestic Content Bonus Calculator [All Posts](https://www.concentro.io/blog) Resources 2 min read # Unlockthe10%DomesticContentBonusAdderwithConcentro'sNewDomesticContentCalculator ![](https://cdn.prod.website-files.com/6784e55928014e1b7492b1b4/6797fecdd27bac69cbc368a3_202501_DomesticContentTool_Article.webp) Written by Liz Studlick Published on January 28, 2025 [copied!](https://www.concentro.io/blog/unlock-the-10-domestic-content-bonus-adder-with-concentros-new-domestic-content-calculator#) Last week, the IRS released an updated table to calculate the domestic content of clean energy projects—like solar, onshore wind, and storage—to determine eligibility for the 10% domestic content bonus tax credit. To qualify for the adder, projects need to hit a certain weighted average domestic content percentage across all equipment based on the year the project starts construction. However, developers often face challenges due to cost opacity. For example, a solar developer may know their panels have domestic glass and framing, but non-domestic cells, yet they have only a single invoice for the panels, making it difficult to assess whether they meet the domestic threshold. To address this, the Department of Treasury released the safe harbor table, providing a standardized cost breakdown for specific clean energy technologies. Developers can rely on these tables without having to resort to complex calculations, streamlining compliance with domestic content guidelines. These tables were first released in May 2024, but this January update provides key updates to cost breakdowns for solar and storage. Under the new tables, utility-scale and rooftop solar projects that use US-manufactured modules with crystalline silicon cells and wafers will qualify for the bonus credit. Utility-scale batteries will qualify as well if using US-made cells. To help developers understand this new guidance and understand if their projects qualify for the domestic content adder, the Concentro team is releasing the Domestic Content Calculator. Developers can input their project details and source of materials to understand if their projects qualify under this new guidance. ## What Does the Domestic Content Calculator Do? The Domestic Content Calculator helps developers determine whether their projects meet the criteria for the domestic content bonus adder. By selecting the construction year, technology (solar, wind, or standalone BESS), and battery energy storage system type (if applicable), the tool provides a tailored list of relevant subcomponents. Users then input the estimated percentage of each subcomponent produced domestically. Based on these inputs, the tool calculates the total weighted domestic content percentage, compares it to the required threshold, and delivers a clear yes-or-no answer on eligibility. This streamlined approach ensures developers have the clarity they need to unlock the bonus credit with confidence, eliminating complex manual calculations. ![](https://cdn.prod.website-files.com/6784e55928014e1b7492b1b4/67980653a978cb9f844cdb91_6798064842a8600ccad9e2c9_DomesticContentTool_Walkthrough.gif) ## Why This New Guidance Matters At Concentro, we’re excited about this updated guidance because it provides much-needed clarity for developers seeking to claim the domestic content adder. Before this guidance, determining eligibility for the domestic content adder remained challenging despite the initial safe harbor tables, as key definitions and cost characterizations lacked the precision needed to streamline calculations. With the IRS's safe harbor tables and our new tool, developers can now confidently unlock the additional 10% tax credit, making clean energy projects more financially viable. ## Get Started with the Domestic Content Calculator [Try the Domestic Content Calculator here](https://app.concentro.io/tools/domestic-content) and see how easy it is to determine eligibility. If you have questions or need support with clean energy project financing or unlocking tax credit transferability, [connect with us here](https://www.concentro.io/contact-us). The Concentro team is here to help you navigate these opportunities and maximize your project's value. Subscribe to newsletter Subscribe to receive the latest blog posts to your inbox every week. 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you agree with our [Privacy Policy](https://www.concentro.io/terms-conditions-privacy-policy#privacy-policy) ![](https://cdn.prod.website-files.com/6763d6cf120b46189e34bf8c/6787a5fe56dd808c3e209752_success-icon.png) Thanks for subscribing. You have successfully subscribed to our newsletter. Done Oops! Something went wrong while submitting the form. Share this post [copied!](https://www.concentro.io/blog/unlock-the-10-domestic-content-bonus-adder-with-concentros-new-domestic-content-calculator#) ![](https://cdn.prod.website-files.com/6784e55928014e1b7492b1b4/6797fdb59bd87c649595ded7_PFP%20Liz%20Squared.png) Liz Studlick Head of Clean Energy Finance , Concentro # Latest Posts [View all](https://www.concentro.io/blog) [![](https://cdn.prod.website-files.com/6784e55928014e1b7492b1b4/6797fecdd27bac69cbc368a3_202501_DomesticContentTool_Article.webp)\\ \\ Resources\\ \\ **Unlock the 10% Domestic Content Bonus Adder with Concentro's New Domestic Content Calculator**\\ \\ The IRS has released updated guidance for calculating the domestic content of clean energy projects to qualify for the 10% Domestic Content Bonus Adder. To help developers navigate these new rules, Concentro has launched the Domestic Content Calculator—a streamlined tool that simplifies determining project eligibility by leveraging the updated safe harbor tables.\\ \\ ![](https://cdn.prod.website-files.com/6784e55928014e1b7492b1b4/6797fdb59bd87c649595ded7_PFP%20Liz%20Squared.png)\\ \\ Liz Studlick\\ \\ January 28, 2025\\ \\ •\\ \\ 2\\ \\ min read](https://www.concentro.io/blog/unlock-the-10-domestic-content-bonus-adder-with-concentros-new-domestic-content-calculator) [![](https://cdn.prod.website-files.com/6784e55928014e1b7492b1b4/6793d0a16d12ee2d638c109a_66fc4b9af4cd9a1934b60385_30C_Article_Image_v3_Size_2_1.jpeg)\\ \\ Articles\\ \\ **IRS Updates on 30C Tax Credits: A Game-Changer for EV Charging & Alternative Fuels**\\ \\ Key Changes Proposed in 30C Tax Credits (09/18/2024 Updates)\\ \\ ![](https://cdn.prod.website-files.com/6784e55928014e1b7492b1b4/6793cd083fd954b5cff6de8c_66fec13f9ebbfb878523a54c_PFP%2520Enrique%2520Squared.png)\\ \\ Enrique Apellaniz\\ \\ October 2, 2024\\ \\ •\\ \\ 7\\ \\ min read](https://www.concentro.io/blog/irs-updates-on-30c-tax-credits-a-game-changer-for-ev-charging-alternative-fuels) [![](https://cdn.prod.website-files.com/6784e55928014e1b7492b1b4/6793d0a0fa93a73291ee5232_6700174dafa7694e9d6bc529_20240624_NavigatingFinalPWA_Article_Picture_v1.jpeg)\\ \\ Resources\\ \\ **Navigating the Final Guidance on PW&A Requirements**\\ \\ The IRS released final guidance on the PW&A requirements, providing additional clarity on requirements for clean energy developers to maximize the tax credits available under the Inflation Reduction Act (IRA).\\ \\ ![](https://cdn.prod.website-files.com/6784e55928014e1b7492b1b4/6793cd080d2e9f2e4422b6cd_64ca7b1fc368a4ae40be7823_InigoAvatar.png)\\ \\ Iñigo Rengifo\\ \\ June 24, 2024\\ \\ •\\ \\ 8\\ \\ min read](https://www.concentro.io/blog/navigating-the-final-guidance-on-pw-a-requirements-d7252) [![](https://cdn.prod.website-files.com/6784e55928014e1b7492b1b4/6793d0a0d98f18b61a6f2602_652ff6a8ae1e4802f0a6eeef_City%2520and%2520Solar_Compressed_2x1.jpeg)\\ \\ Resources\\ \\ **A brief guide to the Low Income Communities Bonus Credit Program**\\ \\ The Low-Income Communities Bonus Credit Program application window will open in just a couple of days (October 19th), and it comes with an expected almost $1Bn annual investment in projects located in previously underserved communities.\\ \\ ![](https://cdn.prod.website-files.com/6784e55928014e1b7492b1b4/6793cd080d2e9f2e4422b6cd_64ca7b1fc368a4ae40be7823_InigoAvatar.png)\\ \\ Iñigo Rengifo\\ \\ October 18, 2023\\ \\ •\\ \\ 6\\ \\ min read](https://www.concentro.io/blog/a-brief-guide-to-the-low-income-communities-bonus-credit-program) [![](https://cdn.prod.website-files.com/6784e55928014e1b7492b1b4/6793d0a06b948cb67fab1bfb_652ff6b7f22f675febf250db_Finance_Compressed_2x1.jpeg)\\ \\ Articles\\ \\ **Understanding tax credit transfers' economics: The buyer's perspective**\\ \\ After the passage of the Inflation Reduction Act, clean energy tax credits can be transfered, presenting a very attractive investment opportunity for Corporates from a return, risk and ESG impact perspective.\\ \\ ![](https://cdn.prod.website-files.com/6784e55928014e1b7492b1b4/6793cd080d2e9f2e4422b6cd_64ca7b1fc368a4ae40be7823_InigoAvatar.png)\\ \\ Iñigo Rengifo\\ \\ September 25, 2023\\ \\ •\\ \\ 5\\ \\ min read](https://www.concentro.io/blog/understanding-tax-credit-transfers-economics-the-buyers-perspective) [![](https://cdn.prod.website-files.com/6784e55928014e1b7492b1b4/6793d0a067bb7d23bc56f6b3_651c7ac7b2c70df9cc12eefc_Wind%2520Turbines_Compressed.jpeg)\\ \\ Articles\\ \\ **The Inflation Reduction Act: Implications for Investment Tax Credits**\\ \\ The Inflation Reduction Act is one of the most significant economic plans in history. With clean energy initiatives as its main focus, tax credits take the center stage and are expected to change the US clean energy landscape.\\ \\ ![](https://cdn.prod.website-files.com/6784e55928014e1b7492b1b4/6793cd080d2e9f2e4422b6cd_64ca7b1fc368a4ae40be7823_InigoAvatar.png)\\ \\ Iñigo Rengifo\\ \\ August 28, 2023\\ \\ •\\ \\ 5\\ \\ min read](https://www.concentro.io/blog/the-inflation-reduction-act-implications-for-investment-tax-credits) [![](https://cdn.prod.website-files.com/6784e55928014e1b7492b1b4/6793d0a00fc9260029d81e8d_651c7d0527632211f959e7c3_All%2520technologies_Compressed.jpeg)\\ \\ Articles\\ \\ **Tax credit transferability: Why it will be transformational for the industry**\\ \\ Tax credit transferability, one of the key initiatives from the IRA, can be transformational for the clean energy industry by providing a mechanism for projects to monetize the value of tax credits received.\\ \\ ![](https://cdn.prod.website-files.com/6784e55928014e1b7492b1b4/6793cd080d2e9f2e4422b6cd_64ca7b1fc368a4ae40be7823_InigoAvatar.png)\\ \\ Iñigo Rengifo\\ \\ June 16, 2023\\ \\ •\\ \\ 4\\ \\ min read](https://www.concentro.io/blog/tax-credit-transferability-why-it-will-be-transformational-for-the-industry) [![](https://cdn.prod.website-files.com/6784e55928014e1b7492b1b4/6793d0a05c76154821de37f3_6700145ca66f2be49db2c607_20231222_IRAPreRegistrationPortal_Article_Picture_v1.jpeg)\\ \\ Resources\\ \\ **The IRS Opens the Pre-filing Registration Portal for IRA Tax Credits**\\ \\ This morning, the IRS has finally opened the electronic portal to pre-file for registration for clean energy projects aiming to monetize tax credits either through transfers or elective pay.\\ \\ ![](https://cdn.prod.website-files.com/6784e55928014e1b7492b1b4/6793cd080d2e9f2e4422b6cd_64ca7b1fc368a4ae40be7823_InigoAvatar.png)\\ \\ Iñigo Rengifo\\ \\ December 22, 2023\\ \\ •\\ \\ 2\\ \\ min read](https://www.concentro.io/blog/the-irs-opens-the-pre-filing-registration-portal-for-ira-tax-credits) [![](https://cdn.prod.website-files.com/6784e55928014e1b7492b1b4/6793d09f43bdbe9c15ea59cc_678908e4f31f93df805f4dd4_LIC_OpenToday_2025_Article_v1.jpeg)\\ \\ News\\ \\ **The Application Period for the 2025 Low-Income Communities Tax Credit Bonus Adder Begins Today**\\ \\ Application period for 48E(h) LIC Bonus Adder program starts today (1/16/2025)\\ \\ ![](https://cdn.prod.website-files.com/6784e55928014e1b7492b1b4/6793cd083fd954b5cff6de8c_66fec13f9ebbfb878523a54c_PFP%2520Enrique%2520Squared.png)\\ \\ Enrique Apellaniz\\ \\ January 16, 2025\\ \\ •\\ \\ 4\\ \\ min read](https://www.concentro.io/blog/the-application-period-for-the-2025-low-income-communities-tax-credit-bonus-adder-begins-today) [iframe](https://td.doubleclick.net/td/rul/11296405091?random=1746731476517&cv=11&fst=1746731476517&fmt=3&bg=ffffff&guid=ON&async=1>m=45be5570v9175128503za200zb9138120011&gcd=13l3l3l3l1l1&dma=0&tag_exp=101509157~103101750~103101752~103116026~103200004~103233427~103251618~103251620~103284320~103284322~103301114~103301116&ptag_exp=101509156~103101750~103101752~103116025~103200001~103233424~103251618~103251620~103284320~103284322~103301114~103301116&u_w=1280&u_h=1024&url=https%3A%2F%2Fwww.concentro.io%2Fblog%2Funlock-the-10-domestic-content-bonus-adder-with-concentros-new-domestic-content-calculator&hn=www.googleadservices.com&frm=0&tiba=Concentro&did=dZGVlNj&gdid=dZGVlNj&npa=0&pscdl=noapi&auid=71467671.1746731477&uaa=x86&uab=64&uafvl=Chromium%3B136.0.7103.59%7CGoogle%2520Chrome%3B136.0.7103.59%7CNot.A%252FBrand%3B99.0.0.0&uamb=0&uam=&uap=Linux%20x86_64&uapv=6.6.72&uaw=0&fledge=1&data=event%3Dgtag.config)[iframe](https://td.doubleclick.net/td/rul/11296405091?random=1746731476811&cv=11&fst=1746731476811&fmt=3&bg=ffffff&guid=ON&async=1&gcl_ctr=1>m=45be5570v9175128503z89138122718za200zb9138120011&gcd=13l3l3l3l1l1&dma=0&tag_exp=101509157~103101750~103101752~103116026~103200004~103233427~103251618~103251620~103284320~103284322~103301114~103301116&ptag_exp=101509156~103101750~103101752~103116025~103200001~103233424~103251618~103251620~103284320~103284322~103301114~103301116&u_w=1280&u_h=1024&url=https%3A%2F%2Fwww.concentro.io%2Fblog%2Funlock-the-10-domestic-content-bonus-adder-with-concentros-new-domestic-content-calculator&label=GQPUCPSq878aEOPsxYoq&hn=www.googleadservices.com&frm=0&tiba=Concentro&value=0&did=dZGVlNj&gdid=dZGVlNj&edid=dZGVlNj&bttype=purchase&npa=0&pscdl=noapi&auid=71467671.1746731477&uaa=x86&uab=64&uafvl=Chromium%3B136.0.7103.59%7CGoogle%2520Chrome%3B136.0.7103.59%7CNot.A%252FBrand%3B99.0.0.0&uamb=0&uam=&uap=Linux%20x86_64&uapv=6.6.72&uaw=0&ec_mode=a&fledge=1&capi=1&_tu=Cg&em=tv.1&ct_cookie_present=0) ## IRS 30C Tax Credit Updates [All Posts](https://www.concentro.io/blog) Articles 7 min read # IRSUpdateson30CTaxCredits:AGame-ChangerforEVCharging&AlternativeFuels ![](https://cdn.prod.website-files.com/6784e55928014e1b7492b1b4/6793d0a16d12ee2d638c109a_66fc4b9af4cd9a1934b60385_30C_Article_Image_v3_Size_2_1.jpeg) Written by Enrique Apellaniz Published on October 2, 2024 [copied!](https://www.concentro.io/blog/irs-updates-on-30c-tax-credits-a-game-changer-for-ev-charging-alternative-fuels#) ## Key Changes Proposed in 30C Tax Credits (09/18/2024 Updates) On September 18, 2024, the IRS released [proposed regulations for 30C Tax Credits on Alternative Fuel Vehicle Refueling Properties](https://www.federalregister.gov/documents/2024/09/19/2024-20748/section-30c-alternative-fuel-vehicle-refueling-property-credit#p-22). These proposed regulations aim to better define the  requirements for eligibility for 30C tax credits in which we, at Concentro, believe is a great step ahead in the attractiveness of these credits and, thus in the investment for EV charging and alternative fuel refueling property. In a nutshell, the key changes from the notice of proposed rulemaking (NPR) and why we believe they are favorable are the following:qAA 1. The $100,000 cap applies on a per-single item basis, which virtually allows for all of eligible property to qualify for the credit, without the cap being a limiting factor. Wae expand below on the definitions of a single item and associated property, but essentially a single item is a system that charges/refuels one motor vehicle. This was one of the key items that were unclear and were changes have come on the most favorable end. 2. Location is key! The property must be placed in an Eligible Census Tract to be eligible… but, fortunately, 95%+ of the US land is included and we provide a map below for further guidance. 3. PW&A is required to claim 30% credit or the credit will be reduced to 6%, so documentation on these projects is key too. This is the only downside we see in the proposed regulations, as there are no exceptions as e.g. the <1MW exception for solar properties. However, PW&A requirements do not apply after a section 30C project is placed in service. 4. The recapture period is 3 years (unlike the 5 years for a 48 credit), where essentially as long as the property is not modified to not be eligible for a credit nor ceases to be used predominantly in a trade or business, you should be fine and you can even transfer the property (some nuances apply which we explain below). ## 30C Tax Credits 101 ### 1\. What is the 30C Tax Credit? The 30C tax credit offers a 30% incentive for installing alternative fuel vehicle refueling properties, such as electric vehicle (EV) chargers and hydrogen refueling stations. The credit caps are set at $1,000 for personal use and $100,000 per property for business use. ### 2\. What Are Alternative Fuels? What Technologies Are Included? Alternative fuels covered under 30C include: 1. Any fuel at least 85% of the volume which consists of one or more of the following: ethanol, natural gas, compressed natural gas (CNG), liquified natural gas (LNG), liquified petroleum gas (LPG). 2. Any mixture that consists of 2 or more of the following: biodiesel, diesel fuel, or kerosene, and at least 20% of the volume of which consists of biodiesel determined without regard to any kerosene in such mixture. 3. Electricity 4. Any transportation fuel ( [see Section 45Z(d)(5)](https://www.irs.gov/pub/irs-drop/n-24-49.pdf)) that is produced after 12/31/2024. ### 3\. Eligible Census Tract The proposed regulation states: “Section 30C, as amended by the IRA, requires that property be placed in service in an eligible census tract in order to qualify for the credit.” This makes the eligibility based on location to be binary (either the location is eligible or not), but as it can be seen on the image below, eligibility is quite extensive with more than 95% of the US territory being eligible. See the [Argonne National Laboratories map](https://experience.arcgis.com/experience/3f67d5e82dc64d1589714d5499196d4f/page/Page/) to explore what regions qualify for 30C credits. ![](https://cdn.prod.website-files.com/6784e55928014e1b7492b1b4/67950a92ddde9f4bb034af62_66faf9994fab0a970ee33eff_66faf9892dd9145be1506859_30c-MapPreview_v3.jpeg) ### 4\. Tax Credit Amount 1. **For Individuals:** 30% of eligible costs, capped at $1,000 per single item. For lack of doubt, individual credits are not transferrable. 2. **For Businesses:** 30% of eligible costs (6% if PW&A requirements are not met), capped at $100,000 per single item. If a unit has a mixed use (e.g. 40%/60% of the time is used for personal/business), then the cost basis for the tax credit will be split (in the previous example 40% will have a 30% tax credit capped at $400 per single item, and 60% will have a 6%/30% tax credit (non-PW&A/PW&A) capped at $60,000 per single item. **‍** ### 5\. What Is a Single Item for 30C? A single item of 30C property is defined as each charging port for recharging property, each fuel dispenser for refueling property, or each qualified alternative fuel storage property or electrical energy storage property. 1. A port for recharging would mean the system that can charge one motor vehicle. It may have multiple connectors, but it can provide power at its rated electrical output to charge only one motor vehicle through one connector at a time. 2. A fuel dispenser (similar to a port for charging) should be capable of fueling at or above the dispenser's minimum rate of fueling and has at least one hose and nozzle. 3. A qualified alternative fuel storage property or electrical energy storage property must be placed at the same or an immediately adjacent physical address as the location of the refueling/recharging system. Electric energy storage systems that are claimed for 30C TC cannot be claimed for 48 and 48E TC. This definition of a single item, to us, is one of the most important updates, since it virtually allows for all of eligible property to qualify for the credit, without the $100,000 cap being a limiting factor. We had seen deals not move forward because of uncertainty around this definition, and we expect now a much larger traction on them. ### 6\. What Else Is Eligible for 30C? The cost of functionally interdependent property and, if applicable, any property that is an integral part of refueling or recharging property that is part of the 30C property placed in service by the taxpayer during the year. These costs will be allocated among the single items that it applies to. More info [here](https://www.federalregister.gov/d/2024-20748/p-55). Note that 30C TCs apply only for the intent of recharging/refueling “motor vehicles”, which under Section 179A(e)(2) are defined as any vehicle that is manufactured primarily for use on public streets, roads, and highways that has at least 4 wheels (2-3 wheels also count). This means that e.g. a refueling/recharging station for a forklift truck will not qualify for 30C. ### 7\. What Parts of a Project May Not Be Eligible for 30C? Such costs that are not functionally interdependent with the chargers or an integral part of the chargers (e.g. land improvements, EV charger signals, permitting fees). Consulting with a CPA firm or running a cost segregation study is advisable to understand the eligibility of each part of the property. Please, let us know if you need any help here, we will be more than happy to assist you. ### 8\. Recapture Risks / Scenarios Unlike for ITCs from solar projects (48), the recapture period for 30C TCs is 3 years. The recapture events are the following: 1. Modification of the property such that the property no longer qualifies as 30C property. 2. The depreciable property (other than apportioned-use property) ceases to be used predominantly in a trade or business (that is, 50% or more of the use of the 30C property in a taxable year is for use other than in a trade or business). 3. For apportioned-use property, the 30C property completely ceases to be used in a trade or business, but continues to be used for personal use. 4. The taxpayer claiming the section 30C credit sells or disposes of the 30C property and the taxpayer knows or has reason to know that the property will be used in a manner described in previous bullets. Note that any other sale or disposition (including a disposition by reason of an accident or other casualty) of 30C property is NOT a recapture event. The recapture proportion of the total 30C TC will be three minus the number of years prior to, but not including, the recapture year, and the denominator of which is three. For example, if the project became operational on January 1st, 2025 and a recapture event triggered on 2026, the portion recaptured would be 67%; i.e. (3 years period - 1 operating year) / 3 = 0.67. We believe this to be another key element that makes 30C credits increasingly attractive, since: 1. The recapture period is short - actually 2 years shorter than 48 solar ITCs for which there is a strong appetite from the market. 2. The recapture scenarios are very unlikely, including allowing for the property to be transferred - taking into account the aforementioned nuances. Although recapture risks are small, we still believe recapture insurance to be essential to transfer these credits. We have even seen cases where the difference in price between an identical insured and an insured completely offsets the cost of insurance. In all transactions, we help both sellers and buyers do the heavy lifting, and we will help you secure the right recapture insurance to maximize the value of your TCs. ## Our Key Takeaways At Concentro, we find the new proposed regulations favorable, potentially leading to a increase in demand (and investment) in the category. We believe it makes 30C TCs as attractive or even more than Solar ITCs, as we think recapture risks on 30C TCs are lower because of its 3-year recapture period and fewer - and less likely - recapture scenarios. We are confident that this move by the IRS to clarify the key aspects of 30C TCs will increase the appetite by tax credit buyers for these credits, both in terms of certainty and attractive fundamentals, as we have seen with guidance in other categories and adders. We believe that this increase in appetite combined with the reduction in risk of recapture will inevitably increase the pricing of the credits. At Concentro, we are specialized in mid and small projects (i.e., DG), where EV charging facilities typically fall within, and our broad expertise in similar size projects positions us perfectly to help you on assessing this opportunity to transact your 30C tax credits. [Let’s connect](https://www.concentro.io/schedule-a-call) and explore how we can help you finance through tax credit transferability your next EV charging or alternative fuel refueling projects! ##### **References** - Definition of Clean Burning Fuels: [https://www.federalregister.gov/d/2024-20748/p-19](https://www.federalregister.gov/d/2024-20748/p-19) - Definition of non-SAF transportation fuel: [https://www.irs.gov/pub/irs-drop/n-24-49.pdf](https://www.irs.gov/pub/irs-drop/n-24-49.pdf) - Definition of Eligible Census Tract: [https://www.federalregister.gov/d/2024-20748/p-22](https://www.federalregister.gov/d/2024-20748/p-22) - Credit Amount and Limitation: [https://www.federalregister.gov/d/2024-20748/p-14](https://www.federalregister.gov/d/2024-20748/p-14) - Definition of a Single Item of 30C Property: [https://www.federalregister.gov/d/2024-20748/p-48](https://www.federalregister.gov/d/2024-20748/p-48) - Definition of Associated Property and Calculating Credit: [https://www.federalregister.gov/documents/2024/09/19/2024-20748/section-30c-alternative-fuel-vehicle-refueling-property-credit#p-55](https://www.federalregister.gov/documents/2024/09/19/2024-20748/section-30c-alternative-fuel-vehicle-refueling-property-credit#p-55) - Recapture events: [https://www.federalregister.gov/d/2024-20748/p-470](https://www.federalregister.gov/d/2024-20748/p-470) Subscribe to newsletter Subscribe to receive the latest blog posts to your inbox every week. 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you agree with our [Privacy Policy](https://www.concentro.io/terms-conditions-privacy-policy#privacy-policy) ![](https://cdn.prod.website-files.com/6763d6cf120b46189e34bf8c/6787a5fe56dd808c3e209752_success-icon.png) Thanks for subscribing. You have successfully subscribed to our newsletter. Done Oops! Something went wrong while submitting the form. Share this post [copied!](https://www.concentro.io/blog/irs-updates-on-30c-tax-credits-a-game-changer-for-ev-charging-alternative-fuels#) ![](https://cdn.prod.website-files.com/6784e55928014e1b7492b1b4/6793cd083fd954b5cff6de8c_66fec13f9ebbfb878523a54c_PFP%2520Enrique%2520Squared.png) Enrique Apellaniz Strategy & Operations Director , Concentro # Latest Posts [View all](https://www.concentro.io/blog) [![](https://cdn.prod.website-files.com/6784e55928014e1b7492b1b4/6797fecdd27bac69cbc368a3_202501_DomesticContentTool_Article.webp)\\ \\ Resources\\ \\ **Unlock the 10% Domestic Content Bonus Adder with Concentro's New Domestic Content Calculator**\\ \\ The IRS has released updated guidance for calculating the domestic content of clean energy projects to qualify for the 10% Domestic Content Bonus Adder. To help developers navigate these new rules, Concentro has launched the Domestic Content Calculator—a streamlined tool that simplifies determining project eligibility by leveraging the updated safe harbor tables.\\ \\ ![](https://cdn.prod.website-files.com/6784e55928014e1b7492b1b4/6797fdb59bd87c649595ded7_PFP%20Liz%20Squared.png)\\ \\ Liz Studlick\\ \\ January 28, 2025\\ \\ •\\ \\ 2\\ \\ min read](https://www.concentro.io/blog/unlock-the-10-domestic-content-bonus-adder-with-concentros-new-domestic-content-calculator) [![](https://cdn.prod.website-files.com/6784e55928014e1b7492b1b4/6793d0a16d12ee2d638c109a_66fc4b9af4cd9a1934b60385_30C_Article_Image_v3_Size_2_1.jpeg)\\ \\ Articles\\ \\ **IRS Updates on 30C Tax Credits: A Game-Changer for EV Charging & Alternative Fuels**\\ \\ Key Changes Proposed in 30C Tax Credits (09/18/2024 Updates)\\ \\ ![](https://cdn.prod.website-files.com/6784e55928014e1b7492b1b4/6793cd083fd954b5cff6de8c_66fec13f9ebbfb878523a54c_PFP%2520Enrique%2520Squared.png)\\ \\ Enrique Apellaniz\\ \\ October 2, 2024\\ \\ •\\ \\ 7\\ \\ min read](https://www.concentro.io/blog/irs-updates-on-30c-tax-credits-a-game-changer-for-ev-charging-alternative-fuels) [![](https://cdn.prod.website-files.com/6784e55928014e1b7492b1b4/6793d0a0fa93a73291ee5232_6700174dafa7694e9d6bc529_20240624_NavigatingFinalPWA_Article_Picture_v1.jpeg)\\ \\ Resources\\ \\ **Navigating the Final Guidance on PW&A Requirements**\\ \\ The IRS released final guidance on the PW&A requirements, providing additional clarity on requirements for clean energy developers to maximize the tax credits available under the Inflation Reduction Act (IRA).\\ \\ ![](https://cdn.prod.website-files.com/6784e55928014e1b7492b1b4/6793cd080d2e9f2e4422b6cd_64ca7b1fc368a4ae40be7823_InigoAvatar.png)\\ \\ Iñigo Rengifo\\ \\ June 24, 2024\\ \\ •\\ \\ 8\\ \\ min read](https://www.concentro.io/blog/navigating-the-final-guidance-on-pw-a-requirements-d7252) [![](https://cdn.prod.website-files.com/6784e55928014e1b7492b1b4/6793d0a0d98f18b61a6f2602_652ff6a8ae1e4802f0a6eeef_City%2520and%2520Solar_Compressed_2x1.jpeg)\\ \\ Resources\\ \\ **A brief guide to the Low Income Communities Bonus Credit Program**\\ \\ The Low-Income Communities Bonus Credit Program application window will open in just a couple of days (October 19th), and it comes with an expected almost $1Bn annual investment in projects located in previously underserved communities.\\ \\ ![](https://cdn.prod.website-files.com/6784e55928014e1b7492b1b4/6793cd080d2e9f2e4422b6cd_64ca7b1fc368a4ae40be7823_InigoAvatar.png)\\ \\ Iñigo Rengifo\\ \\ October 18, 2023\\ \\ •\\ \\ 6\\ \\ min read](https://www.concentro.io/blog/a-brief-guide-to-the-low-income-communities-bonus-credit-program) [![](https://cdn.prod.website-files.com/6784e55928014e1b7492b1b4/6793d0a06b948cb67fab1bfb_652ff6b7f22f675febf250db_Finance_Compressed_2x1.jpeg)\\ \\ Articles\\ \\ **Understanding tax credit transfers' economics: The buyer's perspective**\\ \\ After the passage of the Inflation Reduction Act, clean energy tax credits can be transfered, presenting a very attractive investment opportunity for Corporates from a return, risk and ESG impact perspective.\\ \\ ![](https://cdn.prod.website-files.com/6784e55928014e1b7492b1b4/6793cd080d2e9f2e4422b6cd_64ca7b1fc368a4ae40be7823_InigoAvatar.png)\\ \\ Iñigo Rengifo\\ \\ September 25, 2023\\ \\ •\\ \\ 5\\ \\ min read](https://www.concentro.io/blog/understanding-tax-credit-transfers-economics-the-buyers-perspective) [![](https://cdn.prod.website-files.com/6784e55928014e1b7492b1b4/6793d0a067bb7d23bc56f6b3_651c7ac7b2c70df9cc12eefc_Wind%2520Turbines_Compressed.jpeg)\\ \\ Articles\\ \\ **The Inflation Reduction Act: Implications for Investment Tax Credits**\\ \\ The Inflation Reduction Act is one of the most significant economic plans in history. With clean energy initiatives as its main focus, tax credits take the center stage and are expected to change the US clean energy landscape.\\ \\ ![](https://cdn.prod.website-files.com/6784e55928014e1b7492b1b4/6793cd080d2e9f2e4422b6cd_64ca7b1fc368a4ae40be7823_InigoAvatar.png)\\ \\ Iñigo Rengifo\\ \\ August 28, 2023\\ \\ •\\ \\ 5\\ \\ min read](https://www.concentro.io/blog/the-inflation-reduction-act-implications-for-investment-tax-credits) [![](https://cdn.prod.website-files.com/6784e55928014e1b7492b1b4/6793d0a00fc9260029d81e8d_651c7d0527632211f959e7c3_All%2520technologies_Compressed.jpeg)\\ \\ Articles\\ \\ **Tax credit transferability: Why it will be transformational for the industry**\\ \\ Tax credit transferability, one of the key initiatives from the IRA, can be transformational for the clean energy industry by providing a mechanism for projects to monetize the value of tax credits received.\\ \\ ![](https://cdn.prod.website-files.com/6784e55928014e1b7492b1b4/6793cd080d2e9f2e4422b6cd_64ca7b1fc368a4ae40be7823_InigoAvatar.png)\\ \\ Iñigo Rengifo\\ \\ June 16, 2023\\ \\ •\\ \\ 4\\ \\ min read](https://www.concentro.io/blog/tax-credit-transferability-why-it-will-be-transformational-for-the-industry) [![](https://cdn.prod.website-files.com/6784e55928014e1b7492b1b4/6793d0a05c76154821de37f3_6700145ca66f2be49db2c607_20231222_IRAPreRegistrationPortal_Article_Picture_v1.jpeg)\\ \\ Resources\\ \\ **The IRS Opens the Pre-filing Registration Portal for IRA Tax Credits**\\ \\ This morning, the IRS has finally opened the electronic portal to pre-file for registration for clean energy projects aiming to monetize tax credits either through transfers or elective pay.\\ \\ ![](https://cdn.prod.website-files.com/6784e55928014e1b7492b1b4/6793cd080d2e9f2e4422b6cd_64ca7b1fc368a4ae40be7823_InigoAvatar.png)\\ \\ Iñigo Rengifo\\ \\ December 22, 2023\\ \\ •\\ \\ 2\\ \\ min read](https://www.concentro.io/blog/the-irs-opens-the-pre-filing-registration-portal-for-ira-tax-credits) [![](https://cdn.prod.website-files.com/6784e55928014e1b7492b1b4/6793d09f43bdbe9c15ea59cc_678908e4f31f93df805f4dd4_LIC_OpenToday_2025_Article_v1.jpeg)\\ \\ News\\ \\ **The Application Period for the 2025 Low-Income Communities Tax Credit Bonus Adder Begins Today**\\ \\ Application period for 48E(h) LIC Bonus Adder program starts today (1/16/2025)\\ \\ ![](https://cdn.prod.website-files.com/6784e55928014e1b7492b1b4/6793cd083fd954b5cff6de8c_66fec13f9ebbfb878523a54c_PFP%2520Enrique%2520Squared.png)\\ \\ Enrique Apellaniz\\ \\ January 16, 2025\\ \\ •\\ \\ 4\\ \\ min read](https://www.concentro.io/blog/the-application-period-for-the-2025-low-income-communities-tax-credit-bonus-adder-begins-today) [iframe](https://td.doubleclick.net/td/rul/11296405091?random=1746731486796&cv=11&fst=1746731486796&fmt=3&bg=ffffff&guid=ON&async=1>m=45be5570v9175128503za200zb9138120011&gcd=13l3l3l3l1l1&dma=0&tag_exp=101509157~103101750~103101752~103116025~103200001~103233427~103251618~103251620~103284320~103284322~103301114~103301116&ptag_exp=101509156~103101750~103101752~103116025~103130498~103130500~103200001~103233424~103251618~103251620~103284320~103284322~103301114~103301116&u_w=1280&u_h=1024&url=https%3A%2F%2Fwww.concentro.io%2Fblog%2Firs-updates-on-30c-tax-credits-a-game-changer-for-ev-charging-alternative-fuels&hn=www.googleadservices.com&frm=0&tiba=Concentro&did=dZGVlNj&gdid=dZGVlNj&npa=0&pscdl=noapi&auid=788410859.1746731487&uaa=x86&uab=64&uafvl=Chromium%3B136.0.7103.59%7CGoogle%2520Chrome%3B136.0.7103.59%7CNot.A%252FBrand%3B99.0.0.0&uamb=0&uam=&uap=Linux%20x86_64&uapv=6.6.72&uaw=0&fledge=1&data=event%3Dgtag.config)[iframe](https://td.doubleclick.net/td/rul/11296405091?random=1746731487108&cv=11&fst=1746731487108&fmt=3&bg=ffffff&guid=ON&async=1&gcl_ctr=1>m=45be5570v9175128503z89138122718za200zb9138120011&gcd=13l3l3l3l1l1&dma=0&tag_exp=101509157~103101750~103101752~103116025~103200001~103233427~103251618~103251620~103284320~103284322~103301114~103301116&ptag_exp=101509156~103101750~103101752~103116025~103130498~103130500~103200001~103233424~103251618~103251620~103284320~103284322~103301114~103301116&u_w=1280&u_h=1024&url=https%3A%2F%2Fwww.concentro.io%2Fblog%2Firs-updates-on-30c-tax-credits-a-game-changer-for-ev-charging-alternative-fuels&label=GQPUCPSq878aEOPsxYoq&hn=www.googleadservices.com&frm=0&tiba=Concentro&value=0&did=dZGVlNj&gdid=dZGVlNj&edid=dZGVlNj&bttype=purchase&npa=0&pscdl=noapi&auid=788410859.1746731487&uaa=x86&uab=64&uafvl=Chromium%3B136.0.7103.59%7CGoogle%2520Chrome%3B136.0.7103.59%7CNot.A%252FBrand%3B99.0.0.0&uamb=0&uam=&uap=Linux%20x86_64&uapv=6.6.72&uaw=0&ec_mode=a&fledge=1&capi=1&_tu=Cg&em=tv.1&ct_cookie_present=0) ## 2025 Tax Credit Applications Open [All Posts](https://www.concentro.io/blog) News 4 min read # TheApplicationPeriodforthe2025Low-IncomeCommunitiesTaxCreditBonusAdderBeginsToday ![](https://cdn.prod.website-files.com/6784e55928014e1b7492b1b4/6793d09f43bdbe9c15ea59cc_678908e4f31f93df805f4dd4_LIC_OpenToday_2025_Article_v1.jpeg) Written by Enrique Apellaniz Published on January 16, 2025 [copied!](https://www.concentro.io/blog/the-application-period-for-the-2025-low-income-communities-tax-credit-bonus-adder-begins-today#) As of today, applications are open for the 2025 Low-Income Communities Tax Credit Bonus Adder program. This initiative, established under the Inflation Reduction Act (IRA), provides vital incentives for clean energy projects, aiming to enhance environmental justice and deliver financial benefits to underserved communities. ## What Is the Low-Income Communities Bonus Adder? The Low-Income Communities Bonus Adder program is designed to encourage investment in clean energy projects in disadvantaged areas. This year, the LIC program expands to adjust to the new Tech-Neutral ITCs (48E), again providing an increased 10-20 percentage points increase to the 30% Section 48E ITC - assuming the project meets the PW&A criteria - depending on what category the projects fall under. There are four categories under which a project can be eligible for the LIC Bonus Adder program, each with a specific allocation of capacity totaling 1.8GW of allocated capacity: | **Category** | **Description** | **Allocated Capacity (MW)** | | ------------------------------------------------- | -------------------------------------------------------------------------------------------------- | --------------------------------------------------------------------------------------- | | Cat. 1 - Facilities in Low-Income Communities | Projects located in census tracts meeting low-income thresholds as defined in section 45D(e). | 600 MW
(400 MW Eligible Residential BTM / 200 MW FTM & Non-Eligible Residential BTM) | | Cat. 2 - Facilities on Indian Land | Projects located on Indian land as defined under the Energy Policy Act of 1992 (25 U.S.C. 3501). | 200 MW | | Cat. 3 - Low-Income Residential Building Projects | Facilities installed on residential rental buildings participating in affordable housing programs. | 200 MW | | Cat. 4 - Economic Benefit Projects | Projects where at least 50% of electricity financial benefits go to low-income households. | 800 MW | It is important to note the key updates introduced in the 48E(h) program as compared to its predecessor, the 48(e) program. While the foundational goals remain consistent, the final rules incorporate changes driven by statutory transition from Section 48(e) program to Technology-Neutral Section 48E(h) program and feedback received from previous years: 1. **Expanded Technology Eligibility:** Facilities now include zero-emission technologies as described in Section 48E, e.g. hydropower, nuclear, and geothermal. 2. **Enhanced Impact for Low-Income Households:** The final rules provide broader eligibility for housing programs and clearer financial benefit requirements for low-income households. 3. **Opportunities for Small Businesses:** Emerging clean energy businesses will be prioritized. ## How to Apply The application process is straightforward but requires careful preparation _(find the Applicant User Guide_ [_here_](https://www.irs.gov/pub/irs-pdf/p6068.pdf) _)_: 1. **Access the Portal:** Applications must be submitted through the IRS’s online portal at [eco.energy.gov/licbonus](https://eco.energy.gov/licbonus). Additional guidance and user instructions are available on the portal. 2. **Timeline:** The application window runs from **January 16, 2025, at 9:00 AM EST, to August 1, 2025, at 11:59 PM EST**. 3. **First 30 Days:** During the initial 30-day period, all submitted applications are treated equally and evaluated through a randomization process. This ensures fairness and gives all applicants an equal opportunity to secure their allocation. 4. **After 30 Days:** Once the initial period closes, the remaining capacity is allocated on a first-come, first-served basis. Submitting early is crucial to increase your chances of securing an allocation. 5. **Documentation:** Prepare necessary materials, such as facility ownership details, evidence of eligibility, and project-specific data. ## Required Documents for Application by Category For full details, we recommend reviewing [the Applicant Checklist provided by the DOE](https://www.irs.gov/pub/irs-pdf/p6068.pdf). ### **Step 1 - Allocation Application** 1. **Required for all Categories** 1. Final executed interconnection agreement _(if FTM or BTM > 1MW capacity)_ 1. Executed PPA / lease / installation contract - _see Section 7_ [_here_](https://www.irs.gov/pub/irs-drop/rp-25-11.pdf) 1. **Required for Category 3** 1. Documentation demonstrating property is installed in eligible residential building 1. A Benefits Sharing Statement _see Section 7_ [_here_](https://www.irs.gov/pub/irs-drop/rp-25-11.pdf) _for more info and a template_ [_here_](https://www.irs.gov/credits-deductions/clean-electricity-low-income-communities-bonus-credit-amount-program) 1. **Conditional for all Categories if applying under Additional Selection Criteria Ownership Criteria** 1. Documentation demonstrating applicant meets [Ownership Criteria](https://www.irs.gov/pub/irs-drop/rp-25-11.pdf) 1. Final executed interconnection agreement _(if FTM or BTM > 1MW capacity)_ ### Step 2 - Placed in Service (PIS) Application 1. **Required for all Categories** 1. PTO Letter 1. Documentation verifying nameplate capacity, it can be any of the following: 1. Professional Engineer (PE) stamped plan as-built design plan 2. PTO Letter with nameplate capacity listed 3. Third party documentation verifying as-built nameplate capacity 1. **Required for Category 3** 1. Final Benefits Sharing Statement demonstrating that the financial benefits requirements will be met based on the expected annual energy produced by the as-built facility at placed in service- _see Section 10_ [_here_](https://www.irs.gov/pub/irs-drop/rp-25-11.pdf) 1. **Required for Category 4** 1. Final Demonstration of Financial Benefits Statement - \*see Section 10 [here\*](https://www.irs.gov/pub/irs-drop/rp-25-11.pdf) 1. Documentation proving the facility is enrolled in a utility tariff, program, or otherarrangement used to distribute financial benefits in the form of a bill discount credit rateto Qualifying Households ## The Opportunity Is Now The 2025 Low-Income Communities Tax Credit Bonus Adder program represents a unique chance to enhance your clean energy project’s financial performance while advancing environmental and social equity. With limited capacity for allocations, early preparation and prompt application submission are critical. Take advantage of this opportunity to make a difference for your project and the communities you serve. Visit [eco.energy.gov/licbonus](https://eco.energy.gov/licbonus) to begin your application today. At Concentro, we’re more than happy to support you with any questions or topics related to clean energy project financing. Don’t hesitate to [reach out to us for guidance and insights](https://www.concentro.io/contact)—we’re here to help you succeed. Subscribe to newsletter Subscribe to receive the latest blog posts to your inbox every week. Subscribe By submitting this form
you agree with our [Privacy Policy](https://www.concentro.io/terms-conditions-privacy-policy#privacy-policy) ![](https://cdn.prod.website-files.com/6763d6cf120b46189e34bf8c/6787a5fe56dd808c3e209752_success-icon.png) Thanks for subscribing. You have successfully subscribed to our newsletter. Done Oops! Something went wrong while submitting the form. Share this post [copied!](https://www.concentro.io/blog/the-application-period-for-the-2025-low-income-communities-tax-credit-bonus-adder-begins-today#) ![](https://cdn.prod.website-files.com/6784e55928014e1b7492b1b4/6793cd083fd954b5cff6de8c_66fec13f9ebbfb878523a54c_PFP%2520Enrique%2520Squared.png) Enrique Apellaniz Strategy & Operations Director , Concentro # Latest Posts [View all](https://www.concentro.io/blog) [![](https://cdn.prod.website-files.com/6784e55928014e1b7492b1b4/6797fecdd27bac69cbc368a3_202501_DomesticContentTool_Article.webp)\\ \\ Resources\\ \\ **Unlock the 10% Domestic Content Bonus Adder with Concentro's New Domestic Content Calculator**\\ \\ The IRS has released updated guidance for calculating the domestic content of clean energy projects to qualify for the 10% Domestic Content Bonus Adder. To help developers navigate these new rules, Concentro has launched the Domestic Content Calculator—a streamlined tool that simplifies determining project eligibility by leveraging the updated safe harbor tables.\\ \\ ![](https://cdn.prod.website-files.com/6784e55928014e1b7492b1b4/6797fdb59bd87c649595ded7_PFP%20Liz%20Squared.png)\\ \\ Liz Studlick\\ \\ January 28, 2025\\ \\ •\\ \\ 2\\ \\ min read](https://www.concentro.io/blog/unlock-the-10-domestic-content-bonus-adder-with-concentros-new-domestic-content-calculator) [![](https://cdn.prod.website-files.com/6784e55928014e1b7492b1b4/6793d0a16d12ee2d638c109a_66fc4b9af4cd9a1934b60385_30C_Article_Image_v3_Size_2_1.jpeg)\\ \\ Articles\\ \\ **IRS Updates on 30C Tax Credits: A Game-Changer for EV Charging & Alternative Fuels**\\ \\ Key Changes Proposed in 30C Tax Credits (09/18/2024 Updates)\\ \\ ![](https://cdn.prod.website-files.com/6784e55928014e1b7492b1b4/6793cd083fd954b5cff6de8c_66fec13f9ebbfb878523a54c_PFP%2520Enrique%2520Squared.png)\\ \\ Enrique Apellaniz\\ \\ October 2, 2024\\ \\ •\\ \\ 7\\ \\ min read](https://www.concentro.io/blog/irs-updates-on-30c-tax-credits-a-game-changer-for-ev-charging-alternative-fuels) [![](https://cdn.prod.website-files.com/6784e55928014e1b7492b1b4/6793d0a0fa93a73291ee5232_6700174dafa7694e9d6bc529_20240624_NavigatingFinalPWA_Article_Picture_v1.jpeg)\\ \\ Resources\\ \\ **Navigating the Final Guidance on PW&A Requirements**\\ \\ The IRS released final guidance on the PW&A requirements, providing additional clarity on requirements for clean energy developers to maximize the tax credits available under the Inflation Reduction Act (IRA).\\ \\ ![](https://cdn.prod.website-files.com/6784e55928014e1b7492b1b4/6793cd080d2e9f2e4422b6cd_64ca7b1fc368a4ae40be7823_InigoAvatar.png)\\ \\ Iñigo Rengifo\\ \\ June 24, 2024\\ \\ •\\ \\ 8\\ \\ min read](https://www.concentro.io/blog/navigating-the-final-guidance-on-pw-a-requirements-d7252) [![](https://cdn.prod.website-files.com/6784e55928014e1b7492b1b4/6793d0a0d98f18b61a6f2602_652ff6a8ae1e4802f0a6eeef_City%2520and%2520Solar_Compressed_2x1.jpeg)\\ \\ Resources\\ \\ **A brief guide to the Low Income Communities Bonus Credit Program**\\ \\ The Low-Income Communities Bonus Credit Program application window will open in just a couple of days (October 19th), and it comes with an expected almost $1Bn annual investment in projects located in previously underserved communities.\\ \\ ![](https://cdn.prod.website-files.com/6784e55928014e1b7492b1b4/6793cd080d2e9f2e4422b6cd_64ca7b1fc368a4ae40be7823_InigoAvatar.png)\\ \\ Iñigo Rengifo\\ \\ October 18, 2023\\ \\ •\\ \\ 6\\ \\ min read](https://www.concentro.io/blog/a-brief-guide-to-the-low-income-communities-bonus-credit-program) [![](https://cdn.prod.website-files.com/6784e55928014e1b7492b1b4/6793d0a06b948cb67fab1bfb_652ff6b7f22f675febf250db_Finance_Compressed_2x1.jpeg)\\ \\ Articles\\ \\ **Understanding tax credit transfers' economics: The buyer's perspective**\\ \\ After the passage of the Inflation Reduction Act, clean energy tax credits can be transfered, presenting a very attractive investment opportunity for Corporates from a return, risk and ESG impact perspective.\\ \\ ![](https://cdn.prod.website-files.com/6784e55928014e1b7492b1b4/6793cd080d2e9f2e4422b6cd_64ca7b1fc368a4ae40be7823_InigoAvatar.png)\\ \\ Iñigo Rengifo\\ \\ September 25, 2023\\ \\ •\\ \\ 5\\ \\ min read](https://www.concentro.io/blog/understanding-tax-credit-transfers-economics-the-buyers-perspective) [![](https://cdn.prod.website-files.com/6784e55928014e1b7492b1b4/6793d0a067bb7d23bc56f6b3_651c7ac7b2c70df9cc12eefc_Wind%2520Turbines_Compressed.jpeg)\\ \\ Articles\\ \\ **The Inflation Reduction Act: Implications for Investment Tax Credits**\\ \\ The Inflation Reduction Act is one of the most significant economic plans in history. With clean energy initiatives as its main focus, tax credits take the center stage and are expected to change the US clean energy landscape.\\ \\ ![](https://cdn.prod.website-files.com/6784e55928014e1b7492b1b4/6793cd080d2e9f2e4422b6cd_64ca7b1fc368a4ae40be7823_InigoAvatar.png)\\ \\ Iñigo Rengifo\\ \\ August 28, 2023\\ \\ •\\ \\ 5\\ \\ min read](https://www.concentro.io/blog/the-inflation-reduction-act-implications-for-investment-tax-credits) [![](https://cdn.prod.website-files.com/6784e55928014e1b7492b1b4/6793d0a00fc9260029d81e8d_651c7d0527632211f959e7c3_All%2520technologies_Compressed.jpeg)\\ \\ Articles\\ \\ **Tax credit transferability: Why it will be transformational for the industry**\\ \\ Tax credit transferability, one of the key initiatives from the IRA, can be transformational for the clean energy industry by providing a mechanism for projects to monetize the value of tax credits received.\\ \\ ![](https://cdn.prod.website-files.com/6784e55928014e1b7492b1b4/6793cd080d2e9f2e4422b6cd_64ca7b1fc368a4ae40be7823_InigoAvatar.png)\\ \\ Iñigo Rengifo\\ \\ June 16, 2023\\ \\ •\\ \\ 4\\ \\ min read](https://www.concentro.io/blog/tax-credit-transferability-why-it-will-be-transformational-for-the-industry) [![](https://cdn.prod.website-files.com/6784e55928014e1b7492b1b4/6793d0a05c76154821de37f3_6700145ca66f2be49db2c607_20231222_IRAPreRegistrationPortal_Article_Picture_v1.jpeg)\\ \\ Resources\\ \\ **The IRS Opens the Pre-filing Registration Portal for IRA Tax Credits**\\ \\ This morning, the IRS has finally opened the electronic portal to pre-file for registration for clean energy projects aiming to monetize tax credits either through transfers or elective pay.\\ \\ ![](https://cdn.prod.website-files.com/6784e55928014e1b7492b1b4/6793cd080d2e9f2e4422b6cd_64ca7b1fc368a4ae40be7823_InigoAvatar.png)\\ \\ Iñigo Rengifo\\ \\ December 22, 2023\\ \\ •\\ \\ 2\\ \\ min read](https://www.concentro.io/blog/the-irs-opens-the-pre-filing-registration-portal-for-ira-tax-credits) [![](https://cdn.prod.website-files.com/6784e55928014e1b7492b1b4/6793d09f43bdbe9c15ea59cc_678908e4f31f93df805f4dd4_LIC_OpenToday_2025_Article_v1.jpeg)\\ \\ News\\ \\ **The Application Period for the 2025 Low-Income Communities Tax Credit Bonus Adder Begins Today**\\ \\ Application period for 48E(h) LIC Bonus Adder program starts today (1/16/2025)\\ \\ ![](https://cdn.prod.website-files.com/6784e55928014e1b7492b1b4/6793cd083fd954b5cff6de8c_66fec13f9ebbfb878523a54c_PFP%2520Enrique%2520Squared.png)\\ \\ Enrique Apellaniz\\ \\ January 16, 2025\\ \\ •\\ \\ 4\\ \\ min read](https://www.concentro.io/blog/the-application-period-for-the-2025-low-income-communities-tax-credit-bonus-adder-begins-today)