Heads up! The IRS' Pre-Filing Registration Portal is live for 2025 credits! Applying for and receiving Pre-filing registration numbers are often Conditions Precedent to close in tax credit transfers, so we appreciate the IRS opening this up for 2025 credits. Let's go!
Basis Climate
科技、信息和网络
New York，New York 1,103 位关注者
Basis is a market maker for transferable clean energy tax credits with nearly a half a billion transaction to date.
关于我们
Founded in October 2022, Basis Climate is building the comprehensive marketplace for clean energy tax credits in the US. By establishing a streamlined diligence and appraisal platform, Basis allows both buyers and sellers to transact with confidence.
- 网站
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www.buildwithbasis.com
Basis Climate的外部链接
- 所属行业
- 科技、信息和网络
- 规模
- 2-10 人
- 总部
- New York，New York
- 类型
- 私人持股
- 创立
- 2022
- 领域
- Renewable Energy、Climate Infrastucture、Climate Tech、Cleantech、Financial Services、Tax Strategy、Tax Credits、Solar、Storage和EV Charging
地点
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主要
获取路线
US，New York，New York
Basis Climate员工
动态
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We are pleased to announce the transfer of Production Tax Credits (PTCs) across three transactions on behalf of ACCIONA Energía, representing combined solar and wind capacity of 890MWac. Basis identified buyers for the PTCs associated with ACCIONA Energía's Class B interest in its Fort Bend and Red-Tailed Hawk solar facilities, outside of an existing tax equity partnership. Additionally, Basis efficiently monetized the Production Tax Credits from Green Pastures I & II wind projects following their acquisition by ACCIONA in 2024. Learn more here —> https://lnkd.in/eZkkgf3i
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Meet the Basis team including co-founders Erik Underwood and Derek Silverman at Solar + Wind in Phoenix! We look forward to connecting with clients and industry colleagues to learn more about your projects and discuss how Basis can help with tax credit monetization and other capital market solutions. Visit us at Table 126 in the MacArthur Ballroom Foyer or reserve a meeting time slot here: https://lnkd.in/dkpYc37D?
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45X Credits = American Manufacturing! Our CEO Erik Underwood was interviewed by Kelsey Misbrener at Solar Power World on the growth of 45X tax credit transfers. Check it out! https://lnkd.in/gHN7sYJt
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Lightshift Energy, a leading energy storage project developer, owner and operator, has partnered with?Basis Climate?to complete the sale of nearly $10M of investment tax credits (ITCs). The tax credits are tied to four utility-scale battery energy storage (BESS) projects in Massachusetts ranging from 9,000 to 22,000 kilowatt hours. These systems are designed to charge during periods of low energy demand, and discharge during higher-cost peak demand periods. Through this peak shaving method, the projects enable significant energy savings for communities across Massachusetts, while also strengthening grid resiliency and helping the state meet its ambitious renewable energy goals. In total, Lightshift?plans to construct?up to 50MW of storage across Massachusetts Municipal Wholesale Electric Company (MMWEC) member utilities that are expected to provide more than $200 million in energy savings to communities. Utilizing AI to increase efficacy and efficiency of diligence The tax credits generated by these four projects were subject to prevailing wage and apprenticeship (PWA) requirements. To support review of these, Basis partnered with?Dili (YC S23), an AI-powered general diligence solution, to verify technical wage compliance under the Inflation Reduction Act (IRA). “A clear due diligence process is fundamental to a successful tax credit transfer,” notes Basis CEO Erik Underwood. “In addition to our robust diligence where we review a credit’s qualification and confirm its value, we teamed up with Dili to do an in-depth PWA compliance analysis and provided our buyer with an added layer of security that gives them the confidence they need to transact, which in turn enabled a smooth and speedy tax credit sale for Lighshift.” https://lnkd.in/g7ckhupd #InflationReductionAct #taxcredits #transferability #renewableenergy #cleanenergy #batterystorage
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????? Basis is hiring, apply to join our amazing growing team today! Basis Climate is on the mission to make clean energy tax credit transfers accessible for projects of all sizes. We are hiring for 3 open roles: - Head of Engineering - Transaction Manager - Marketing Manager We are a remote first company, and gather a few times a year. Check them out below and apply through Climatebase if you're interested. If you know anyone who might be a fit, please send them our way. See our open positions: https://lnkd.in/gvPJYmPg
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Congratulations to the 140 projects announced today as awardees in the second round of the 48C Qualifying Advanced Energy Project Tax Credit and set to receive a combined $6 billion in tax credits. These infrastructure projects will help solidify the U.S. as a leading manufacturer of clean energy technology and hasten our effort to reduce carbon pollution worldwide. https://lnkd.in/es-zB4UD
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Let's keep the guidance coming!
The Treasury and the IRS released rules today on the Clean Electricity Production and Investment Credits (also known as the "tech-neutral" credits). These credits provide powerful long-term incentives for the development and deployment of clean energy in the U.S. Why does this matter? ??? Clarity and certainty to invest in energy production: The U.S. needs to produce abundant, affordable energy to meet the growing demand created by major investments in the economy - including AI. The Inflation Reduction Act - powered in large part by these credits - has spurred hundreds of billions of dollars in investment in energy production and manufacturing. The clarity and certainty provided by today's final rules will allow those investments to move forward and accelerate additional investment. ????? Lower costs for American families: Increased energy production will save American households and businesses money. Together with other federal investments, the Department of Energy estimates these credits will save American families up to $38 billion on electricity bills through 2030. Analysis from Aurora Energy Research further finds that without these credits Americans would pay 10% more on their electricity bills. ???? Innovation: These credits aren't tied to a specific technology like wind or solar. Instead, any facility that produces electricity with zero emissions can qualify. Today that list includes technologies like nuclear, geothermal, and hydropower - but the final rules include pathways for other technologies to qualify in the future. This will allow the U.S. to continue to benefit from the development of new sources of clean energy. A huge thank you and congratulations to all of my colleagues at Treasury, IRS, White House, Department of Energy, EPA, USDA, and many others!
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Our CEO Erik Underwood will be in DC this week at Deploy 2024, reach out to book a meeting if you'll be at or around the conference! https://lnkd.in/eXkTXKWp
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We are excited to announce the investment from K Street Capital and to partner with their experienced team as we launch new products and scale our business. K Street’s thesis on investing in innovative tech companies in high-growth regulated markets, including Climate and Fintech, is a perfect match for Basis. Special thanks to Paige Soya, Richard Leggett, Nick Duafala, and Dominic Go. Let’s go!
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