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ITC Sales


MAXIMIZE SOLAR TAX CREDITS TO INCREASE CASH FLOW OR REDUCE TAX LIABILITIES

The Inflation Reduction Act of 2022 allows businesses to transfer or sell tax credits to buyers who can capitalize and reduce their tax liability.

Renewable energy tax credits (ITC) incentivize the adoption of clean energy by providing financial benefits for switching to solar. The goal is to accelerate the adoption of green energy, reduce emissions, and promote energy independence.

Many businesses benefit from selling these credits to immediately improve their cash flow while others benefit from acquiring the credit to reduce their tax liability.

HOW TO SELL AN ITC

You can undertake this process yourself by finding a buyer, agreeing to a price, and initiating an agreement. Use of a lawyer is encouraged to ensure legal compliance. Creating a legal contract to protect both sides, identify rights and responsibilities, etc., is essential. The process can move slowly and will require time and energy to ensure it is handled correctly.

Conversely, you can use EcoSmart to sell your tax credit. Using an experienced partner will significantly reduce your level of involvement. Once you provide the required documentation, we will market the ITC to attract and authenticate buyers, reducing any risk of fraud. Plus, EcoSmart handles the settlement steps to ensure legal compliance.

Using an experienced partner simplifies the process. EcoSmart keeps you informed throughout and provides increased security making sure the money safely reaches your account.

HOW TO BUY AN ITC TAX CREDIT

Start here and we can educate you on the process and benefits and provide you with verified opportunities.