How do Transferable Tax Credits Work? Billy Lee of Reunion Infrastructure
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Description
Tax equity has long presented barriers for distributed energy projects to access financing. However, a new provision in the Inflation Reduction Act (IRA) now enables tax credits to be transferred, opening up liquidity for project developers and BILLIONS of dollars in opportunity. Billy Lee, Co-founder & President of Reunion Infrastructure has over 15 years of experience in renewable energy project finance, having worked on some of the earliest solar tax equity deals while at SunEdison. After observing barriers that distributed energy projects faced in accessing tax equity, Billy co-founded Reunion to create efficiency and scale in this new market for tax credit transfers enabled by the IRA. With a substantial pool of clean energy tax credits exceeding $2 billion, the company operates as a dynamic marketplace that facilitates connections between sellers and buyers, enabling streamlined transactions of these tax credits.  Today, Reunion stands as an innovator doing due diligence and risk management to create a leading marketplace for transferable clean energy tax credits. In this conversation, discover how Billy recognized the opportunity arise from a key policy improvement, found partners to address the gap and ran with it. The insights he provides, from the value of relationships to the expansive potential of the tax credit transfers market, are invaluable for any solar project developer. If you want to connect with today's guest, you’ll find links to his contact info in the show notes on the blog at https://mysuncast.com/suncast-episodes/. SunCast is presented by Sungrow, the world’s most bankable inverter brand. SunCast is also supported by PVcase & Trina. You can learn more about all the sponsors who help make this show free for you at www.mysuncast.com/sponsors. Remember, you can always find resources, learn more about today’s guest and explore recommendations, book links, and more than 650 other founder stories and startup advice at www.mysuncast.com. You can connect with me, Nico Johnson, on: Twitter - https://www.twitter.com/nicomeo LinkedIn - https://www.linkedin.com/in/nickalus
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