Schedule a Zoom call or email alex.gupta@bpetx.com to discuss your tax credit needs!
Schedule a Zoom call or email alex.gupta@bpetx.com to discuss your tax credit needs!
2024 Tax Credits
-Price estimate: 91-93 cents per dollar of tax credit
-Target deal execution date: June 2024
-Project commercial operations date: Q2 2024
-Revenue is 100% contracted
-Tax credit value is 40% of ITC-eligible basis (Energy Community adder)
-Seller indemnity guarantor has an equity value of over $1.5 billion
-Price estimate: 82-84 cents per dollar of tax credit
-$3 million of ITC will be available in August 2024; $3 million in April 2025
-Tax credit value is 40% of ITC-eligible basis (Domestic Content adder)
-Project uses Canadian Solar modules
-Seller indemnities are backstopped by tax insurance
-Price estimate: 92-94 cents per dollar of tax credit
-Project achieved commercial operations in February 2024
-Opportunity includes $1 million of 2023 PTCs and $14 million of 2024 PTCs
-Due diligence has already been conducted in connection with existing tax equity partner
-Project uses Vestas turbines
-Price estimate: 90-91 cents per dollar of tax credit
-8 of 20 BESS projects (10 MW each) have achieved COD
-All project revenue is 100% merchant
-Projects use Sungrow batteries
-Tax credit value is 40% of ITC-eligible basis (Energy Community adders)
-Tax credits will be sold in 2-3 tranches as projects reach COD throughout 2024
-Seller indemnities are backstopped by tax insurance
-Seller wishes to transact with a single buyer
-Price estimate: 93-94 cents per dollar of tax credit
-Project commercial operations date: Q3 2024
-Revenue is contracted with an investor owned utility
-Project uses BYD batteries
-Seller indemnities are backstopped by a guarantor with a strong credit profile
-Price estimate: 89-90 cents per dollar of tax credit
-Seller is looking to transact ASAP with no more than 3 buyers and to receive payment by May or June 2024
-Project commercial operations date: April 2024
-Revenue is contracted for 2 years with an option to renew through recapture period
-Tax credit value is 30% of ITC-eligible basis which includes a 15% FMV step-up
-No debt
-Seller indemnities are backstopped by tax insurance
-Price estimate: 97 cents per dollar of tax credit
-Buyer will purchase tax credits that have been generated (no production risk)
-Seller is a top-tier developer
-Seller indemnities are backstopped by an investment grade guarantor
-Seller is looking for buyers who expect to repeat business in subsequent years
2025 Tax Credits
-Price estimate: 87-89 cents per dollar of tax credit
-Project commercial operations date: Q1 2025
-Tax credit value is 40% of ITC-eligible basis (Energy Community adder)
-Merchant revenue
-No FMV step-up
-Project uses Goldi Solar modules
-Seller indemnities are backstopped by tax insurance
-Price estimate: 92-94 cents per dollar of tax credit
-Project commercial operations date: Q4 2025
-Tax credit value will escalate each year to account for inflation
-Project uses Vestas turbines
-Price estimate: 91-93 cents per dollar of tax credit
-Target deal execution date: Q1 2024
-Tax credit value is 40% of ITC-eligible basis
-Buyer indemnities must be backstopped by an investment grade guarantor
-Price estimate: 93-94 cents per dollar of tax credit
-Project commercial operations date: Q4 2025
-Tax credit value will escalate each year to account for inflation
-Revenue is 100% contracted via two corporate offtakers
-Project uses Vestas turbines
-Seller indemnities are backstopped by a guarantor with a strong credit profile
Opportunity details may change over time
This website is for informational purposes only and does not constitute professional accounting, legal, tax, or investment advice.
Break Point Energy ™ - All Rights Reserved - 2024
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