All eyes on New York


The Apple of our Eye

All eyes have been on New York this week. Heads of State and government leaders gathered for the United Nations’ Summit of the Future conference, and more than a hundred thousand people flocked to the city for the world’s biggest Climate Week.

But our eyes are on New York for a different reason. Together with our partner Sparkfund, we helped an individual taxpayer - a retired New Yorker - purchase a clean energy tax credit for the first time in history, paving the way for individual taxpayer participation in the multi-billion dollar Inflation Reduction Act (IRA) tax credit market. This move not only democratizes the clean energy transition but it widens the market for developers who can now transfer their credits to a more diversified buyer audience.

"Up until now, projects with tax credits valued under a few million dollars couldn't sell them and were leaving money on the table." Secured Carbon CEO, Tac Leung, explains. "They were missing out on precious cash flow that could make or break their deployment. We've combined our software with Sparkfund’s expertise in financing clean energy projects to create a standardized framework that enables all companies and qualified individuals to benefit from the Inflation Reduction Act.”

Watch: How individuals can purchase IRA tax credits

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Read: Top headlines from the week

Swing states rake in outsized share of climate bill funding

The Guardian reported that the seven swing states that will decide the U.S. presidential election are the ones that have received more than half of the bill's overall funding since it was passed in 2022.

Too hard to stop

The chief climate advisor to the Biden administration told Politico that despite Trump's insistence that he would claw back unspent IRA funding, it would be too hard to stop the bill's momentum.

Deal Spotlight

Whether you represent a family office, large corporation, or a property developer, you can use clean energy tax credits to offset tax liabilities while funding the clean energy transition. Now that these tax credits are transferable, anyone can benefit from doing good by doing well.

Secured Carbon creates, transfers and insures tax credits for clients seeking deals of all sizes. Here’s our deal spotlight of the week.

Midsize Corporation Tax Credit

Residential Solar

  • Range: $12M
  • Credit year: 2024
  • Timing: Immediate
  • Pricing: Flexible

Residential Solar

  • Range: $25M
  • Credit year: 2025
  • Timing: Immediate
  • Pricing: Flexible

Secured Carbon is a streamlined risk management platform that unlocks clean energy tax credits to save the planet. Our software harnesses the power of the tax code to enable standardized and scaled investment in the clean energy transition.

The company is founded by entrepreneurs hailing from the world’s most renowned financial institutions including Standard Chartered Bank, Lloyd’s of London, Citi, Merill Lynch, Bank of America and Wells Fargo.

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Secured Carbon

Secured Carbon is a streamlined risk management platform that unlocks clean energy tax credits to save the planet. Our software harnesses the power of the tax code to enable standardized and scaled investment in the clean energy transition.

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