In this episode of the Clean Power Hour, host Tim Montague sits down with John Carson, managing partner at Armagh Capital, to explore the world of tax credit finance for distributed generation solar projects.
John shares his expertise on how companies can monetize solar tax credits, particularly focusing on projects ranging from 0.5 to 40 megawatts. He explains the process of transferring tax credits, the benefits for both buyers and sellers, and how this financial strategy is making previously unfeasible solar projects a reality.
The conversation delves into the impact of the Inflation Reduction Act (IRA) on the solar industry, discussing how it has expanded opportunities for tax credit financing. John provides insights into the challenges faced in the industry, including the need for education about these financial mechanisms.
Listeners will gain valuable knowledge about the mechanics of tax credit transfers, the types of companies that can benefit from buying or selling credits, and real-world success stories of projects made possible through this financing method.
Whether you're a solar developer, a company looking to reduce tax liabilities while supporting clean energy, or simply interested in the financial side of the renewable energy transition, this episode offers crucial insights into an often-overlooked aspect of solar project development.
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John Carson
Armagh Capital
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00:00 Introduction and Guest Overview
03:58 About Armagh Capital and Tax Credit Finance
05:02 Walkthrough of a Typical DG Project
07:54 Understanding Tax Credit Purchases
11:59 Challenges in Tax Credit Finance
14:15 IRS Tracking and Credit Transfer Process
15:25 Impact of the Inflation Reduction Act
19:05 Industries Eligible for Tax Credits
19:55 Success Stories in Tax Credit Finance
23:13 Timeline from Conversation to Contract
24:55 Opportunities for Distributed Generation
25:54 Closing Remarks and Contact Information
