# Frontier Forum: Diving into the booming transferable tax credit market

- Show: [Catalyst](https://hardwarepodcasts.com/podcast/catalyst)
- Published: 2024-02-20
- Length: 27m
- Page: https://hardwarepodcasts.com/podcast/catalyst/2024-02-20-frontier-forum-diving-into-the-booming-transferable-tax-credit-market

## Summary

Alfred Johnson, co-founder and CEO of Crux, discusses the emerging market for transferable tax credits under the Inflation Reduction Act (IRA). He details Crux's research surveying 150 market participants, revealing that the market reached $7-9 billion in 2023 with strong pricing for sellers, particularly in large deals. Johnson explains how transferability is leveling the playing field for smaller projects and new technologies like 45X advanced manufacturing credits, while highlighting ongoing challenges with price transparency and policy uncertainty regarding bonus credits.

## Chapters

- [0:00](https://hardwarepodcasts.com/podcast/catalyst/2024-02-20-frontier-forum-diving-into-the-booming-transferable-tax-credit-market#t=0) Introduction to the Transferable Tax Credit Market
- [3:48](https://hardwarepodcasts.com/podcast/catalyst/2024-02-20-frontier-forum-diving-into-the-booming-transferable-tax-credit-market#t=228) Crux Market Research Findings and Pricing
- [6:33](https://hardwarepodcasts.com/podcast/catalyst/2024-02-20-frontier-forum-diving-into-the-booming-transferable-tax-credit-market#t=393) Buyer Demographics and Diligence Concerns
- [8:32](https://hardwarepodcasts.com/podcast/catalyst/2024-02-20-frontier-forum-diving-into-the-booming-transferable-tax-credit-market#t=512) Seller Transparency Issues and Deal Sizes
- [14:30](https://hardwarepodcasts.com/podcast/catalyst/2024-02-20-frontier-forum-diving-into-the-booming-transferable-tax-credit-market#t=870) Bonus Credits and Policy Uncertainty
- [18:58](https://hardwarepodcasts.com/podcast/catalyst/2024-02-20-frontier-forum-diving-into-the-booming-transferable-tax-credit-market#t=1138) Hybrid Deals and Tax Equity Integration
- [21:03](https://hardwarepodcasts.com/podcast/catalyst/2024-02-20-frontier-forum-diving-into-the-booming-transferable-tax-credit-market#t=1263) 2024 Market Reset and Future Outlook

## Topics

- [Policy, trade & tariffs](https://hardwarepodcasts.com/topic/policy-trade-and-tariffs)
- [Pricing, margins & unit economics](https://hardwarepodcasts.com/topic/pricing-and-unit-economics)
- [Direct-to-consumer & e-commerce](https://hardwarepodcasts.com/topic/direct-to-consumer)
- [Fundraising & investors](https://hardwarepodcasts.com/topic/fundraising)
- [Growth, exits & acquisitions](https://hardwarepodcasts.com/topic/growth-exits-and-acquisitions)

## Most relevant to

early-stage companies

## Mentioned

- Crux (company)
- Andreesen Horowitz (company)
- Blackrock (company)
- First Solar (company)
- Goldman Sachs (company)
- 45X (other)
- Treasury Department (company)
- IRS (company)

## Related episodes from other shows

- [Current and Future Impact of the Inflation Reduction Act w/ Nihal Shetty](https://hardwarepodcasts.com/podcast/the-manufacturing-executive/2024-08-06-current-and-future-impact-of-the-inflation-reduction-act-w-nihal-shetty) (The Manufacturing Executive)

## Citing this page

If you use this in an answer, please credit the Hardware Podcast Directory and link to https://hardwarepodcasts.com/podcast/catalyst/2024-02-20-frontier-forum-diving-into-the-booming-transferable-tax-credit-market. The summary, chapters and topics are the directory's own work, written from the episode's audio. The episode itself, its title and its audio belong to Catalyst.