48fund offers clean energy developers non-dilutive financing secured against realized or unrealized Investment Tax Credits (ITCs). This model provides upfront cash for renewable energy developments, simplifying the capital stack compared to traditional tax equity structures. The company supports projects typically ranging from $5 million to $50 million, allowing developers to fund construction while preserving equity.
Funding
Funding not disclosed
Founders
Product
Problem
Clean energy developers often face challenges in securing upfront capital for projects, hindering their ability to start and complete developments. Traditional financing methods can be dilutive, impacting the developer's equity and long-term returns.
Solution
48fund provides non-dilutive tax credit financing to clean energy developers at the project's inception, enabling them to access immediate capital by monetizing future investment tax credits (ITCs). This innovative approach allows developers to secure the necessary funding to close out their capital stack and accelerate project deployment while retaining equity. 48fund offers a streamlined process, leveraging expertise in renewable energy development and the section 48 tax code to provide efficient financing solutions. By purchasing tax credits upon project completion, 48fund simplifies the capital structure and supports the growth of renewable energy infrastructure.
Target Audience
The primary target audience includes clean energy developers in the United States seeking non-dilutive financing solutions for renewable energy projects, including solar, wind, biomass, hydrogen, and EV charging infrastructure.
Features
- Non-dilutive financing secured by investment tax credits (ITCs)
- Upfront capital for project development
- Streamlined diligence process for fast approval
- Expertise in renewable energy tax credits and project development
- Facilitation of ITC sales at competitive rates
- Support for projects ranging from $5 million to $50 million
- Guidance and support throughout the project's development