Basis operates a platform that facilitates the transfer of transferable federal tax credits across various clean energy technologies. The platform connects buyers seeking specific tax credits with sellers looking to efficiently divest them. This service streamlines the transaction process for assets like ITCs and PTCs generated by solar, wind, and battery storage projects.
Funding
Funding not disclosed
KSFounders
Product
Problem
Clean energy project developers often face challenges in securing traditional tax equity financing, which can be complex and time-consuming. Simultaneously, corporations seek ways to reduce their federal tax liabilities and meet sustainability goals.
Solution
Basis Climate operates a digital marketplace that facilitates the transfer of clean energy tax credits between project developers and tax-liable corporations. The platform streamlines the process of monetizing tax credits, providing developers with a quicker and simpler alternative to traditional tax equity financing. By connecting buyers and sellers, Basis Climate enables corporations to secure high-quality tax credits to offset their federal tax income while supporting the growth of renewable energy projects. The marketplace offers standardized documentation, diligence frameworks, and negotiating tools to educate users and instill confidence in transactions. Basis Climate pre-vets both sellers and projects to ensure a high level of credit quality and transaction reliability.
Target Audience
The primary target audience includes corporate tax directors and CFOs seeking to reduce federal tax liabilities, as well as clean energy project developers looking for efficient tax credit monetization.
Features
- Digital marketplace for buying and selling clean energy tax credits
- Supports various clean energy technologies, including solar, wind, biogas, battery storage, and EV charging
- Facilitates the transfer of both investment tax credits (ITCs) and production tax credits (PTCs)
- Offers standardized documentation, diligence frameworks, and negotiating tools
- Vets sellers and projects to ensure credit quality and transaction reliability
- Provides a platform for transactions ranging from $1 million to $100 million in tax credits
- Supports pre-construction, in-construction, and operational projects