Clean Energy Tax Credit Sales Surge, Signaling a Booming Marketplace
Crux Data Indicates a $20 Billion Revenue
The rapid growth of clean energy tax credit sales is a testament to the thriving marketplace for these credits. According to WEB, total sales could reach as high as 20 billion to 25 billion this year, a significant increase from previous years.
Transaction Volume Skyrockets
Crux's analysis revealed a staggering 68 billion specific transactions in the first half of 2024, corresponding to an estimated 9 billion to 11 billion in transactions. This surge in activity indicates a growing appetite for these credits among businesses and investors alike.
Inflation Reduction Act Impact
The Inflation Reduction Act, passed in 2023, has played a pivotal role in accelerating the tax credit transfer market. These credits aim to make the clean energy industry more competitive with oil and gas, supporting the White House's push toward sustainable practices.
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