"The Crux of it" blog

Insights on clean energy project financing

The state of clean energy finance in H1 2026: Key market takeaways

Crux’s new market report finds clean energy capex, lending, and tax credit volume all grew in H1 2026, despite headwinds and policy uncertainty.

2026 mid-year market intelligence report: 5 takeaways for clean energy developers

2026 mid-year market intelligence report: 5 takeaways for clean energy developers

Treasury expands the §45Q safe harbor in positive news for carbon capture tax credits

Treasury expands the §45Q safe harbor in positive news for carbon capture tax credits

What are the three prohibited foreign entity compliance tests?

What are the three prohibited foreign entity compliance tests?

Market update: What happened in the 2Q2026 tax credit market?

Market update: What happened in the 2Q2026 tax credit market?

Critical mineral tax credits: What tax buyers need to know (updated 2026)

Transferable tax credits

Critical mineral tax credits: What tax buyers need to know (updated 2026)

Benchmarking F1000 participation in the transferable tax credit market (Q1 2026 update)

Transferable tax credits

Benchmarking F1000 participation in the transferable tax credit market (Q1 2026 update)

What does the Alta Wind decision mean for clean energy developers and investors?

What does the Alta Wind decision mean for clean energy developers and investors?

How Pillar Two affects IRA transferable tax credits

Transferable tax credits

How Pillar Two affects IRA transferable tax credits

What tax credit buyers and investors should know about IRS audits

Transferable tax credits

What tax credit buyers and investors should know about IRS audits

An ultimate guide to transferable tax credits (updated 2026)

Transferable tax credits

An ultimate guide to transferable tax credits (updated 2026)

What the updated 45ZCF-GREET model means for clean fuel producers

What the updated 45ZCF-GREET model means for clean fuel producers

Rapid response: Implications of beginning of construction ruling for wind and large-scale solar

Rapid response: Implications of beginning of construction ruling for wind and large-scale solar

Tax equity bridge loans: A definitive guide

Tax equity bridge loans: A definitive guide

What is structural risk in tax credit transactions?

Transferable tax credits

What is structural risk in tax credit transactions?

What is placed-in-service risk in tax credit transactions?

Transferable tax credits

What is placed-in-service risk in tax credit transactions?

Prohibited foreign entities: How the market is navigating evolving regulations

Prohibited foreign entities: How the market is navigating evolving regulations

What is eligibility risk in tax credit transactions?

Transferable tax credits

What is eligibility risk in tax credit transactions?

Inside Crux's 1Q2026 Market Update: Q&A with Josh Price

Inside Crux's 1Q2026 Market Update: Q&A with Josh Price

What is recapture risk in tax credit transactions?

What is recapture risk in tax credit transactions?

New survey: Federal permitting is obstructing clean energy projects (2026)

New survey: Federal permitting is obstructing clean energy projects (2026)

Tax credit investing: Rules on passive activity for tax credit buyers (updated 2026)

Transferable tax credits

Tax credit investing: Rules on passive activity for tax credit buyers (updated 2026)

What final 2026–2027 RFS volumes mean for RNG, renewable diesel, SAF, and ethanol producers

What final 2026–2027 RFS volumes mean for RNG, renewable diesel, SAF, and ethanol producers

What is basis risk in tax credit transactions?

Transferable tax credits

What is basis risk in tax credit transactions?

Crux's 2025 Market Intelligence Report: What tax credit buyers need to know

Crux's 2025 Market Intelligence Report: What tax credit buyers need to know

What 2025's clean energy finance data tells lenders about the year ahead

Debt capital markets

What 2025's clean energy finance data tells lenders about the year ahead

What developers and manufacturers should take away from Crux's 2025 Market Intelligence Report

What developers and manufacturers should take away from Crux's 2025 Market Intelligence Report

Highlights from Crux’s webinar on interim FEOC guidance

Highlights from Crux’s webinar on interim FEOC guidance

The state of clean energy finance in 2025: Q&A with Crux's Katie Bays

The state of clean energy finance in 2025: Q&A with Crux's Katie Bays

Tax credit transaction risks: An introduction for corporate taxpayers

Transferable tax credits

Tax credit transaction risks: An introduction for corporate taxpayers

Treasury releases initial guidance implementing prohibited foreign entity rules

Treasury releases initial guidance implementing prohibited foreign entity rules

IRS releases new proposed 45Z regulations

IRS releases new proposed 45Z regulations

Navigating debt capital markets in 2026: A roundtable with Crux's lending experts

Debt capital markets

Navigating debt capital markets in 2026: A roundtable with Crux's lending experts

Understanding the §45U tax credit for existing nuclear power plants

Transferable tax credits

Understanding the §45U tax credit for existing nuclear power plants

Roundtable with Crux’s Tax Investor Coverage team: 2026 strategies

Roundtable with Crux’s Tax Investor Coverage team: 2026 strategies

Understanding the corporate alternative minimum tax (CAMT) and transferable tax credits

Transferable tax credits

Understanding the corporate alternative minimum tax (CAMT) and transferable tax credits

Tax credit insurance coverage: 2025 market trends

Tax credit insurance coverage: 2025 market trends

How the market is preparing for FEOC compliance: Q&A with Crux's Katie Bays

How the market is preparing for FEOC compliance: Q&A with Crux's Katie Bays

Standardized clean energy tax credit transfer agreements (TCTAs)

Transferable tax credits

Standardized clean energy tax credit transfer agreements (TCTAs)

Understanding tax credit bridge loans in clean energy capital markets

Debt capital markets

Understanding tax credit bridge loans in clean energy capital markets

Key takeaways from Crux’s inaugural clean energy lender briefing

Key takeaways from Crux’s inaugural clean energy lender briefing

Tax credit insurance: Coverage, cost, and how to procure

Transferable tax credits

Tax credit insurance: Coverage, cost, and how to procure

Key criteria lenders use to evaluate clean energy deals

Debt capital markets

Key criteria lenders use to evaluate clean energy deals

3Q2025 tax credit pricing update

3Q2025 tax credit pricing update

How is the clean energy lending market evolving in 2025?

Debt capital markets

How is the clean energy lending market evolving in 2025?

Q&A with new Crux board member Kate Karas

Q&A with new Crux board member Kate Karas

The rising popularity of battery energy storage system (BESS) tax credits

The rising popularity of battery energy storage system (BESS) tax credits

Understanding renewable energy project finance from start to finish

Debt capital markets

Understanding renewable energy project finance from start to finish

100+ transactions in: What we've learned about building efficient energy markets

100+ transactions in: What we've learned about building efficient energy markets

Key tax credit insurance terminology: A glossary

Transferable tax credits

Key tax credit insurance terminology: A glossary

Tax credit buyers’ guide to legacy vs. tech-neutral tax credits

Transferable tax credits

Tax credit buyers’ guide to legacy vs. tech-neutral tax credits

Rapid response: How the government shutdown will impact energy

Rapid response: How the government shutdown will impact energy

How the One Big Beautiful Bill is affecting demand for transferable tax credits

Transferable tax credits

How the One Big Beautiful Bill is affecting demand for transferable tax credits

Redefining the diligence process: How AI and industry expertise are powering a new era of project finance

Redefining the diligence process: How AI and industry expertise are powering a new era of project finance

Highlights from Crux’s 2025 mid-year market intelligence report

Highlights from Crux’s 2025 mid-year market intelligence report

Safe harbor rules: What clean energy developers need to know

Safe harbor rules: What clean energy developers need to know

Treasury issues guidance implementing Executive Order 14315

Treasury issues guidance implementing Executive Order 14315

Trends in capital availability for clean energy and manufacturing projects

Trends in capital availability for clean energy and manufacturing projects

What tax credit buyers should know heading into H2 2025

What tax credit buyers should know heading into H2 2025

§45Z clean fuel production credits: What tax credit buyers need to know

Transferable tax credits

§45Z clean fuel production credits: What tax credit buyers need to know

New platform tools streamline diligence for tax credit sellers and buyers

New platform tools streamline diligence for tax credit sellers and buyers

Highlights from our 2Q2025 Market Update

Highlights from our 2Q2025 Market Update

"One Big Beautiful Bill Act" becomes law

"One Big Beautiful Bill Act" becomes law

Crux Connects: Alisha Soares of Marsh on tax credit insurance and risk mitigation

Transferable tax credits

Crux Connects: Alisha Soares of Marsh on tax credit insurance and risk mitigation

Rapid reaction: Senate releases its version of One Big Beautiful Bill Act

Rapid reaction: Senate releases its version of One Big Beautiful Bill Act

Crux launches 2025 mid-year market surveys for tax credit transfers and tax equity

Crux launches 2025 mid-year market surveys for tax credit transfers and tax equity

4 ways developers can prepare to sell smaller tax credits

Transferable tax credits

4 ways developers can prepare to sell smaller tax credits

How proposed changes to the BEAT in Section 899 could affect energy tax credits

How proposed changes to the BEAT in Section 899 could affect energy tax credits

Crux Connects: Mathew Loving of Schneider Electric on lessons learned as a tax credit buyer

Transferable tax credits

Crux Connects: Mathew Loving of Schneider Electric on lessons learned as a tax credit buyer

IRS introduces new safe harbor for domestic content adder (updated 2025)

IRS introduces new safe harbor for domestic content adder (updated 2025)

Highlights from our inaugural report on lending dynamics in US energy and manufacturing

Debt capital markets

Highlights from our inaugural report on lending dynamics in US energy and manufacturing

Buying tax credits

Transferable tax credits

Buying tax credits

Crux Connects: Sam Kamyans of Kirkland & Ellis on the House budget bill

Crux Connects: Sam Kamyans of Kirkland & Ellis on the House budget bill

A developer’s guide to pre-NTP equipment financing

A developer’s guide to pre-NTP equipment financing

What the One Big Beautiful Bill Act means for energy and manufacturing tax credits

What the One Big Beautiful Bill Act means for energy and manufacturing tax credits

Update on tax legislation: Key takeaways from proposed legislation

Update on tax legislation: Key takeaways from proposed legislation

Selling tax credits: Best tips to make them transactable

Transferable tax credits

Selling tax credits: Best tips to make them transactable

Key takeaways from our client-only market update for tax credit buyers

Transferable tax credits

Key takeaways from our client-only market update for tax credit buyers

Announcing the first term sheet builder for transferable tax credit transactions

Announcing the first term sheet builder for transferable tax credit transactions

3 highlights from our 1Q2025 Market Update

3 highlights from our 1Q2025 Market Update

What our $50M Series B means for Crux partners

What our $50M Series B means for Crux partners

The ultimate guide to tax equity and clean energy credits

Transferable tax credits

The ultimate guide to tax equity and clean energy credits

Advanced manufacturing tax credits: An essential FAQ guide (2025)

Transferable tax credits

Advanced manufacturing tax credits: An essential FAQ guide (2025)

How supply and demand affect tax credit prices throughout the year

Transferable tax credits

How supply and demand affect tax credit prices throughout the year

§48E and §45Y tech-neutral tax credits: Guide + FAQs

Transferable tax credits

§48E and §45Y tech-neutral tax credits: Guide + FAQs

On-demand presentation: The state of clean energy capital

On-demand presentation: The state of clean energy capital

Trends in transferable tax credit investment structures

Trends in transferable tax credit investment structures

§45X tax credits: A guide for manufacturers (2025)

Transferable tax credits

§45X tax credits: A guide for manufacturers (2025)

CLA’s advice for tax credit buyers in 2025

Transferable tax credits

CLA’s advice for tax credit buyers in 2025

Announcing Crux's debt capital solutions: Access liquid, efficient financing

Announcing Crux's debt capital solutions: Access liquid, efficient financing

Factors that affect deal pricing for clean energy and manufacturing tax credits

Transferable tax credits

Factors that affect deal pricing for clean energy and manufacturing tax credits

6 takeaways from the 2024 transferable tax credit market

6 takeaways from the 2024 transferable tax credit market

Crux Connects: John Hensley of the American Clean Power Association on the economic benefits of transferable tax credits

Transferable tax credits

Crux Connects: John Hensley of the American Clean Power Association on the economic benefits of transferable tax credits

Now live: Crux’s transferable tax credit deal data portal

Transferable tax credits

Now live: Crux’s transferable tax credit deal data portal

IRS publishes final guidance for the tech-neutral clean electricity §48E investment tax credit and the §45Y production tax credits

IRS publishes final guidance for the tech-neutral clean electricity §48E investment tax credit and the §45Y production tax credits

Crux Connects: John Eliason and Alejandra Garcia Earley of Orrick on residential solar tax credits

Transferable tax credits

Crux Connects: John Eliason and Alejandra Garcia Earley of Orrick on residential solar tax credits

ITC vs PTC credits: What's the difference?

Transferable tax credits

ITC vs PTC credits: What's the difference?

Transferability accelerates investment in energy and manufacturing

Transferable tax credits

Transferability accelerates investment in energy and manufacturing

Launching the Crux Transaction Hub: Driving efficiency in tax credit transactions

Launching the Crux Transaction Hub: Driving efficiency in tax credit transactions

Post-election market update: Webinar recap

Post-election market update: Webinar recap

How buyers can succeed in an increasingly competitive transferable tax credit market

Transferable tax credits

How buyers can succeed in an increasingly competitive transferable tax credit market