News & Insights
Stay informed with the latest developments and expert perspectives on tax credits from Mickelson & Company. Our articles offer thorough analysis and up-to-date insights into the railroad and renewable energy sectors. Utilize this knowledge to strengthen your strategic planning in these crucial areas.
What Buyers Want to See: The 5 Documents That Move Price (and Close Time) for Transferable Renewable Energy Tax Credits
In the transferable tax credit market, corporate tax departments are placing greater emphasis on documentation quality and seller creditworthiness. These factors are now driving meaningful spreads, even between credits originating from similar project types. Buyers are favoring credits supported by strong counterparties with strong due diligence documentation to reduce overall transaction friction.
How §45Z Creates Incremental Yield for Corporate Buyers
The Inflation Reduction Act (IRA) of 2022 created certain transferable tax credits that have evolved from theory to a strategic asset class for finance and taxation experts. As this market continues to mature, pricing differences have emerged across credit types, particularly among Sections 45X, 45Y, and 45Z, creating a value-add opportunity for corporate buyers.
Webinar: Benefits to Corporate Buyers of a 45Z Tax Credit Purchase
Learn more about the benefits of a 45Z tax credit purchase for the corporate buyer, including the centerpiece of due diligence – the tax credit opinion, how to maximize value and mitigate risk in a 45Z transaction, and regulatory updates.
Considerations for Buyers of Section 45Z Transferable Tax Credits
The Inflation Reduction Act introduced market transferability for numerous clean energy incentives, and the Section 45Z Clean Fuel Production Credit is now among the most actively traded in the market. For corporate taxpayers, it presents an efficient and repeatable mechanism to reduce cash tax liabilities while achieving a measurable rate of return.
Webinar on Dec. 17: Benefits to Corporate Buyers of a 45Z Tax Credit Purchase
Please join Mickelson & Company as we present a webinar on Dec. 17 from 11:30 a.m. to 12:30 p.m. CST on the Benefits to Corporate Buyers of a 45Z Tax Credit Purchase.
Section 45Z and the Fiscal-Year Loophole: What Tax Credit Transfer Participants Should Know
Section 45Z’s fiscal-year substitution language opens a temporary but meaningful opportunity if executed correctly for clean-fuel producers whose tax years began before 2025.
Is the Traditional Tax Equity Structure Outdated by Transferable Credits?
While tax equity provides the economic value by monetizing both credits and depreciation, the cost, complexity, and time commitment are prohibitive for some. Tax credit transferability offers an efficient and inexpensive way to monetize investments.
Accelerating Transaction Efficiency in Transferable Tax Credit Deals
The growing market for renewable energy transferable tax credits has introduced new opportunities for both developers and investors — but it has also highlighted the need for operational precision.
Crapo, Wyden Introduce Legislation to Modernize Short Line and Regional Railroad Tax Credit
Washington, D.C.—U.S. Senate Finance Committee Chairman Mike Crapo (R-Idaho) and Ranking Member Ron Wyden (D-Oregon) today reintroduced bipartisan legislation to expand the Short Line Railroad Tax Credit that would help equip operators with essential resources to provide regional communities with safe, reliable rail infrastructure.