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.

South Africa South Africa Latest News, South Africa South Africa Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

‘Calmer inflation means lower mortgage rates — eventually’: Housing drives inflation, but U.S. property market is coolingShelter costs rose 0.6% in March from the previous month, compared to an increase of 0.8% in February. Let's talk value of your dollar.
Source: MarketWatch - 🏆 3. / 97 Read more »

VW Group To Launch 25 New BEVs In US By 2030, Double Market ShareCEO Pablo Di Si said the EV incentives put in place by the Inflation Reduction Act will help the automaker more than double its US market share by 2030. Meanwhile 2021 id.4 owners are still waiting for software updates 🤷‍♂️ No one will buy those VWGroup so whatever At current product volume, they will qualify past 2030.
Source: InsideEVs - 🏆 579. / 51 Read more »