Production Tax Credit Step-Up Structures: How Tax Equity and Transfer Deals Share a Project’s Output Credits
Most people hear “production tax credit” and think it’s straightforward. A project generates clean energy, the owner earns credits per kilowatt-hour, and that’s the end of it. But the real action is in how those credits get split, sold, and structured between the parties who actually finance these projects. That’s where step-up structures come in, […]
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