Since the advent of tax credit transferability in 2023, tax credit investment has become an increasingly standard practice across industries and for companies of all sizes. The ability to purchase tax credits has created opportunities for small- and mid-capitalization corporate taxpayers to optimize their tax capacity.
To understand corporate taxpayer activity in the clean energy tax credit market, Crux reviewed publicly available earnings reports, investor calls, and regulatory filings for publicly traded Fortune 1000 companies to assess participation in both transferable tax credit and tax equity transactions. These public sources were supplemented with Crux’s proprietary database of active buyers and tax equity investors to create a complete picture of participation in tax credit transfers and investments.
The resulting report examines trends in corporate tax investor activity and average effective tax rates.
