We are thrilled to announce a 45X tax credit sale of $50M in support of Heliene's domestic solar module manufacturing capacity. This deal is one of the first transfers of Advanced Manufacturing Production Tax Credits (45X) within the solar manufacturing industry, and provides another powerful example of the Inflation Reduction Act catalyzing investment in the U.S. clean energy economy. "This transaction provides long term sustainability, hence enabling us to expand our commitment to offering developers reliable, quality modules that feature the highest possible volume of domestic content," noted Martin Pochtaruk, CEO of Heliene, Inc. "We’re grateful to the team at Basis Climate for facilitating this important deal. Together we’re building a stronger, bankable U.S. solar supply chain." Read more here → https://lnkd.in/gnXw8YRH #inflationreductionact #cleanenergy #solar #taxcredits #madeinAmerica
Basis Climate
Technology, Information and Internet
New York, New York 815 followers
Basis Climate is a market maker for transferable clean energy tax credits with over $250M of transactions to date.
About us
Founded in October 2022, Basis Climate is building the comprehensive marketplace for clean energy tax credits in the US. By establishing a streamlined diligence and appraisal platform, Basis allows both buyers and sellers to transact with confidence.
- Website
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www.buildwithbasis.com
External link for Basis Climate
- Industry
- Technology, Information and Internet
- Company size
- 2-10 employees
- Headquarters
- New York, New York
- Type
- Privately Held
- Founded
- 2022
- Specialties
- Renewable Energy, Climate Infrastucture, Climate Tech, Cleantech, Financial Services, Tax Strategy, Tax Credits, Solar, Storage, and EV Charging
Locations
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Primary
New York, New York, US
Employees at Basis Climate
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Derek Silverman
Co-Founder at Basis Climate | Clean Energy Tax Credits | Electrification
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Erik Underwood
Co-Founder & CEO of Basis Climate - Scaling Climate Investments
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Dean Granoff
Climate - Energy Transition & Decarbonization
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Victor Rosa
Senior Fullstack Developer | React | Node | Typescript | Nest | GraphQL | PostgreSQL | AWS
Updates
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Basis Climate is pleased to announce the closing & funding of an ITC tax credit transfer for Fleet Development's 2.95MW community solar farm in Eastern Oregon. It was a pleasure working with Ryan Sheehy on this transaction. More Information: Verde Light Community Solar developed by Fleet Development, LLC https://lnkd.in/eu9gwrBU #communitysolar
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Basis Climate reposted this
Happy IRAnniversary! JUST LOOK AT THIS MAP... So many projects supporting a clean energy economy. You've got to love it!
Two years ago, President Biden signed the Inflation Reduction Act—the largest ever climate investment in world history. The law sparked a clean energy boom that is reviving U.S. manufacturing and creating hundreds of thousands of good-paying jobs. energy.gov/invest
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Happy IRAnniversary! JUST LOOK AT THIS MAP... So many projects supporting a clean energy economy. You've got to love it!
Two years ago, President Biden signed the Inflation Reduction Act—the largest ever climate investment in world history. The law sparked a clean energy boom that is reviving U.S. manufacturing and creating hundreds of thousands of good-paying jobs. energy.gov/invest
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Basis Climate reposted this
ICYMI - EIGHTEEN REPUBLICAN U.S. congresspeople sent a letter to Speaker Mike Johnson last week, noting the importance of maintaining clean energy tax credits from the IRA, prioritizing business and market certainty and allowing for continued economic growth. At Basis Climate we reiterate that the billions of dollars being invested in the clean energy transition rely on regulatory and market certainty. Shout it from the rooftops: clean energy investment means more jobs, a more resilient American economy, and cleaner air for all. Full Letter is published here: https://lnkd.in/ezW5HexM
FINAL Credits Letter 2024.08.06.pdf
garbarino.house.gov
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ICYMI - EIGHTEEN REPUBLICAN U.S. congresspeople sent a letter to Speaker Mike Johnson last week, noting the importance of maintaining clean energy tax credits from the IRA, prioritizing business and market certainty and allowing for continued economic growth. At Basis Climate we reiterate that the billions of dollars being invested in the clean energy transition rely on regulatory and market certainty. Shout it from the rooftops: clean energy investment means more jobs, a more resilient American economy, and cleaner air for all. Full Letter is published here: https://lnkd.in/ezW5HexM
FINAL Credits Letter 2024.08.06.pdf
garbarino.house.gov
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Basis Climate reposted this
🚀 Small Projects, Big Impact: Democratizing Clean Energy Finance "How can smaller clean energy projects access tax credit markets?" Derek Silverman of Basis Climate breaks it down: • Market entry thresholds are dropping • Innovative aggregation strategies emerging • New opportunities for local installers, community projects, and cleantech startups 🔮 What's Next: How might this reshape innovation, project distribution, and local economies? Join the conversation! Share your thoughts on smaller project financing. Full discussion on The Clear Clean YouTube channel. Subscribe for more insights. #CleanEnergyForAll #SustainableInnovation #TaxCreditTransfer
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Basis Climate reposted this
Energy, Natural Resources, and Regulatory Attorney, Director of Climate Change & Environmental Justice
So proud to be able to offer this FREE new tool to states, cities, communities, nonprofits, Tribal Governments, school districts, and other tax exempts to help them leverage incentives under the Inflation Reduction Act. Please feel free to share widely to anyone who might find it helpful!
🚀 Exciting News! L4GG has launched the Clean Energy Tax Navigator – a first-of-its-kind tool designed to help under-resourced communities access up to $600 billion in IRA tax credits for clean energy projects. This free, groundbreaking resource provides essential guidance and support, leveling the playing field for communities that lack access to legal and financial counsel 🧭 Check it out: L4GG.org/Navigator Help us spread the word and ensure these historic funds reach those who need them most: L4GG.org/NavigatorToolkit #CleanEnergy #TaxCredits #EnvironmentalJustice #IRA
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Thank you to John Fitzgerald Weaver at pv magazine Global for diving deep on our smallest tax credit transaction yet! Read more at the link below. https://lnkd.in/eeAMk_Jk
Solar tax transfer for smaller projects: Dissecting a $600,000 tax credit transaction
https://pv-magazine-usa.com
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Thanks Solar Power World for the coverage. This deal shows that small transfers are possible and can be done efficiently, while maintaining a high bar of diligence. This is the IRA and transferability provision unlocking distributed generation and making long-term ownership a reality. https://lnkd.in/e9H7Zz5U Press Release: https://lnkd.in/eXdkE5-c
Basis Climate completes smallest solar tax credit transfer yet
https://www.solarpowerworldonline.com