Tax Equity
topic on 2 shows · 8 statements across 5 episodes
8 statements about Tax Equity, every show
Woolard: 2008 financial crisis erased Morgan Stanley's tax equity appetite overnight
“All the taxable income of all of the Wall Street banks. So they, their tax equity appetite went from very large to zero, overnight. Everybody was fired from Morgan Stanley, we lost our board member, we lost our tax equity sponsor, and that was the pivotal part…”
Johnson: Most traditional tax equity capital comes from 10 large banks
“When you consider the baseline of traditional tax equity, the most of that capital is coming from 10 institutions, 10 of the largest banks.”
Johnson: Clean energy finance sees rise of hybrid tax equity structures
“We are seeing an increasing amount of so-called hybrid deals where a tax equity partnership is formed, and then credits are sold
Out of that partnership.”
Crux Report: Transferable Tax Credits Reached $7B-$9B in 2023
“That market is, was worth about twenty three billion dollars last year, and the market for transferable tax credits, where a lot more companies can buy these credits, was somewhere in the seven to nine billion dollar range last year, according to this new mark…”
Hamilton: Draft Basel III rules assign 400% risk weight to clean energy tax equity
“Yeah, so the draft regulations for the banking sector put a very high risk factor on, on tax equity. They treat it like private equity, which it is not, and rather than tax equity, which is more like a loan and so they have it at 400%, and it just means that, …”
Von Ossen: Extended IRA time horizons attract new tax equity investors
“So, there continues to be a supply-demand imbalance. The supply of tax equity is limited. What this does is extend the time frame of when tax credit investing is a viable option for a lot of these groups, which is bringing new investors into the industry.”
Von Ossen: Tax equity demand skyrocketed with new IRA-eligible technologies
“Now, demand has also skyrocketed, right, with the carbon capture, with the storage, with all of these new technologies. So I think the imbalance continues, but, you know, both demand and supply are increasing.”
Schultz: IRA tax credit transferability is vastly simpler than traditional tax equity
“A lot of corporations that we work with have to set up established teams, hire advisors, legal and accounting advisors, just to get their heads around the tax equity transactions. But the transferability is a lot simpler to digest.”