Startup aims to help climate companies unlock billions in Inflation Reduction Act tax credits

. "There are a few institutional players in the market that purchase tax credits at discount to market value in exchange for buying at volume. Transaction processes are highly involved, very complex and can take 6 to 12 months to structure."

Crux will make money by selling the software and in taking a percentage of transaction costs, Johnson said. "Crux's platform enables the sale of these credits, which encourages investors to build projects in underserved communities to supplement projects in well-established areas."The complexity of the tax credit market begs the question: Why does the government offer credits instead of just funding climate startups directly?

First, having the government making direct investments in companies creates a whole set of complicated legal requirements.

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