Finance technology company Crux and US professional services and accounting firm CLA (CliftonLarsonAllen, LLP) have facilitated the sale of Commercial and Industrial (C&I) solar tax credits from Balance Solar, a solar developer, to an undisclosed buyer. Crux says that this transaction, completed on behalf of the buyer by CLA, is example of making clean energy more accessible to small-scale developers and underserved communities. The tax credits were generated by Balance Solar’s projects in Illinois and Missouri, which included solar installations for nonprofit and community-based facilities like Habitat for Humanity and a food bank. Crux highlighted that tax credit transferability is unlocking crucial capital for smaller developers who are often overlooked by traditional financing models, helping to democratize access to clean energy.
Crux, CLA assist Balance Solar tax credit sale
US-headquartered Crux partnered with CLA to sell solar tax credits from Balance Solar’s projects in Illinois and Missouri, helping underserved communities. (Image Source: EINNewswire)
Avaada Energy’s refinancing agreement aims to free up capital for future investments. (Image credit/Source: Mrganso/Pixabay)
The Box Canyon solar project, part of a 2 GW portfolio, is set to contribute to Arizona’s clean energy goals by mid-2025. (Image Credit/Source: KindelMedia/Pexels)
The Connecticut settlement against Vision Solar sets new contract guidelines, including no signings during the first sales visit. (Image Credit/Source: KATRIN BOLOVTSOVA/Pexels)
The two disputed patents were acquired by Trina Solar in 2024 and were filed over a year after key research by Fraunhofer. (Image Source: Runergy)