Renewable Energy Tax Equity Investors: Threat of Direct Pay?
Many of the major banks have long-standing tax equity investment teams.
For anyone working on/with those teams: Is there fear that the proposed direct-pay tax structure for ITC/PTC will threaten the profitability (or necessity) of those teams? It seems like developers might be able to get away with not relying on tax equity investors under the new proposed rules. Am I misunderstanding this somehow? If developers can monetize those tax credits, what role will those teams serve going forward?
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