Eric Rubinstein is the executive vice president and chief investment officer for Leyline Renewable Capital.
The Inflation Reduction Act has been hailed as a game changer by clean energy advocates across the country, and rightfully so. It includes a wealth of funding in the form of investment and production tax credits for renewable energy, grants for manufacturing facilities, loans for new businesses, and much more.
There is also a key clean energy measure that was included in the IRA that gets less press: clean energy tax credit transferability. It’s a wonkier subject than the other measures, but it could have a more significant impact by reshaping construction and permanent capital formation for a large part of the renewable market.
The U.S. has had federal investment tax credits for renewable energy since Congress…