We advise buyers of clean energy transferable tax credits (TTCs). We guide you through project sourcing, diligence, risk management, transaction structuring, and compliance.
Smith Dierking is your trusted partner as you lead your company to this new and innovative opportunity.
For potential buyers who are new to the market, we can first help you understand the fundamentals of the opportunity. From there, we can offer further advice and guidance as you gather additional information, weigh relevant considerations, and decide if this opportunity is one for you to pursue further. We will partner with you in this discovery process so that you will be confident in your decision to engage in a transaction.
Our Streamlined Approach
Together, we will complete the steps outlined below, starting with identifying the right clean energy project and culminating with the transaction closing. We will be with you every step of the way to simplify and smooth your experience and to ensure you enjoy all the benefits of your investment.
Yes, Let’s Work Together
Identify
Selecting the right clean energy project is key to the success of your tax credit transaction. Smith Dierking will analyze our network of projects and developers to find tax credit opportunities that meet your requirements regarding size, timing, risk profile, rate of return, and other considerations. We will simplify the search process and assist you in comparing options, ensuring you consider all relevant factors in ultimately selecting a project.
Bid
The purchase of TTCs can be a competitive process. Once an opportunity is identified, a bid is submitted by the buyer (or on the buyer’s behalf as authorized) to the seller. A seller may, and often does, receive multiple bids for the credits they are offering for sale. Smith Dierking will serve you during this stage to ensure you understand and are comfortable with all considerations in the process from bid submission to signed term sheet. We will facilitate communication with all relevant parties to simplify the negotiation process for you.
Confirm
You want confidence that the benefits you expect from your investment will come to fruition. The due diligence process is vital in contributing to that confidence. We will leverage our network of experts to ensure a comprehensive due diligence process is conducted on your behalf. As important details are confirmed, negotiations will move from the term sheet agreement to the definitive documents. Smith Dierking will simplify your role in the due diligence process to streamline your experience.
Mitigate
Minimizing your risk is infused into every step in the transaction process. From beginning to end, Smith Dierking is mindful of reducing your risk and uncertainty and protecting your investment. Buyers will often seek common provisions such as a seller indemnity, parent guarantee, or tax credit insurance, or some combination of those. We will evaluate the best approach for your transaction and leverage our network as necessary, including procuring insurance. We simplify risk management complexities, and you gain peace of mind.
Close
When you work with Smith Dierking, your transaction will conclude with a smooth and seamless closing. We will work through the final negotiations and agreement with the seller on the definitive documents. When it is time to close, you will be confident that the final transfer agreement is a contract that meets your needs, provides you with appropriate protection, and delivers to you the expected benefits.