Reunion and Summit Ridge Power have collaborated to promote $40 million of transferable tax credit from a portfolio of Virginia neighborhood photo voltaic tasks.
The purchaser of those tax credit is a privately held actual property firm.
A number of of the tasks in Summit Ridge’s portfolio are situated in areas that qualify for the IRA’s vitality neighborhood and low-income neighborhood bonus adders.
“Our staff is proud to accomplice with Summit Ridge, a frontrunner in supporting the shift to renewable vitality,” says Andy Moon, CEO of Reunion.
“The corporate’s place in neighborhood photo voltaic, we had been in a position to rapidly determine and help a transaction with a taxpayer focused on buying tax credit from their clear vitality tasks.”
