Drive profit and impact with clean energy tax credits.
Purchase clean energy tax credits at a discount to reduce your tax burden and earn a financial return – all while helping to get new clean energy to the grid.
The trusted platform for buying clean energy tax credits
Simplify your project search
Get matched with vetted clean energy projects that meet your tax liability sizing and timing needs; place your bid to buy the tax credits in our all-in-one platform.
Transact with confidence
Manage risk and compliance with hands-on negotiation, deal structuring, and due diligence support, backed by leading advisory, tax, and assurance firms.
Impact with an attractive return
Your purchase of tax credits at a discount reduces your federal tax liability, boosts your earnings. and provides critical funds to new renewable energy projects.
How a tax credit transfer works
With the passing of the Inflation Reduction Act, the tax credits from new clean energy projects are now transferable, which means any company with a tax liability can buy them at a discount through a simple sale transaction and make an attractive return on their investment.
Key aspects of tax credits
- Tax credits transferred from developers (sellers) to companies (buyers) via a simple sale agreement
- Tax credits expected to sell at discount of the total value; will vary depending on a number of factors
- Companies can offset as much as 75% of their tax liability and apply credits 3 years back or 20 years forward
- Ever.green provides project sourcing, diligence, transaction structuring, and compliance to reduce recapture risks
Frequently Asked Questions
How do tax credits work?
With the passing of the Inflation Reduction Act, the tax credits from new clean energy projects are now transferable under the Internal Revenue Code (the “Code”), which means any large company with a tax liability can buy them at a discount through a simple sale transaction and make an attractive return on their investment. Companies can offset as much as 75% of their tax liability and apply credits 3 years back or 20 years forward.
How can tax credits meet my sustainability goals?
Tax credits can be bundled with Renewable Energy Certificates (RECs), which deliver quantified emissions offsets (and additionality claims). Buyers can use their tax savings to help subsidize or entirely offset the cost of RECs.
Ever.green’s marketplace provides buyers access to high-impact RECs from projects vetted with our ESG scorecard. This scorecard more effectively ensures our high bar is met. Projects in our marketplace must meet our high minimum requirements of additionality, maximizing climate impact, minimizing environmental harm, and maximizing social benefits.
Who can buy tax credits?
Widely held corporations (more than 50% of the company is owned by more than five people) can offset up to 75% of their federal tax liability.
Individuals, family offices, and closely held private companies can offset federal tax liability from passive income.
How do I buy tax credits?
Now that tax credits are transferable, companies of all sizes can buy credits directly through a simple bi-lateral sale contract. Ever.green facilitates and creates a simple purchase agreement between developers (sellers) and companies (buyers) to transfer tax credits. No project ownership is required on the part of buyers.
At a high level, here is what you can expect as a buyer. Ever.green manages a matching process (i.e., bid/auction) between sellers and prospective buyers. Due diligence is conducted, and a purchase agreement is signed along with other sale documents. After the seller completes the renewable energy project construction, the transaction is closed and key items like ITC amount & system completion are validated. The funds are transferred, and the appropriate documents are filed with the IRS.
How does the tax credit transfer process work?
Ever.green connects sellers with potential buyers through a matching process (i.e., bid/auction). Following this, due diligence is conducted, and a purchase agreement, along with other necessary documents, is signed. After the project is completed, the seller must obtain an IRS registration number. Once these steps are completed - such as validating the ITC amount and project completion - the transaction is finalized, funds are transferred and all required documents are filed with the IRS.
To better understand the buyer diligence process, review our Buyer Diligence Guide.
Who is Ever.green?
Ever.green is a clean energy tax credit marketplace that empowers businesses of all sizes to participate in the energy transition, meet their sustainability goals, and make a financial return. Through Ever.green, companies can purchase tax credits at a discount and commit to forward contracts for high-impact Renewable Energy Certificates (RECs) that help stand up new clean energy projects. Ever.green's marketplace includes streamlined transaction support, standard documentation, due diligence, filing, and compliance monitoring services to reduce risks and maximize efficiency for all parties. Ever.green is a marketplace for accelerating the transition to renewable energy.
We are a team of energy, regulatory, and product experts dedicated to opening up investing in renewables to everyone and accelerating our path to net-zero emissions. We are bringing new capital to the table and funding the creation of new renewable energy and storage projects.
We have seen deals challenged by misaligned expectations, and have found that a key to success in this early market is a highly curated process, where we work with both the buy side and sell side to close deals. What you get from Ever.green is a hands-on, dedicated team, legal documents to support transactions, and an ecosystem of 3rd party partners to support any diligence and filing needs.
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With Ever.green RECs, you can mitigate your Scope 2 GHG emissions and make strides towards achieving your corporate sustainability goals.
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