Member-only story
The FinanceFlick: Catch the Wave of 2024’s Tax Credit Gold Rush!
Welcome to The FinanceFlick! Let’s dive into the dynamic world of Transferable Tax Credits (TTC) and explore the booming market trends.
Accelerating Trends in TTC Deals
2024 is shaping up to break records with Transferable Tax Credits (TTC) transactions skyrocketing. The year kicked off strong with $6.8 billion already on the books, and it’s expected to reach $11 billion by mid-year. By the close of 2024, it’s likely to see total deal volumes soar to $20–25 billion, marking a significant 50% increase from 2023. This explosive growth includes credits from both traditional renewable sources like wind and solar and emerging technologies. The latter part of the year anticipates an uptick in cutting-edge tech, particularly in clean electricity and advanced manufacturing, which should help balance the supply constraints currently faced by the market.
Market Dynamics: Pricing and Competition
While Production Tax Credit (PTC) prices are stable, Investment Tax Credit (ITC) prices have seen considerable fluctuations, driven by surging demand and the increasing participation of traditional players in transfer deals. These elements have contributed to a series of large-scale transfers at high prices, demonstrating the…
