In January 2024, our partners at Crux published their inaugural Transferable Tax credit Market Intelligence Report. The report unpacks market sentiment across a diverse range of participants, details trends from completed deals, and shares insight into 2024 market expectations. Data in the report is derived from an unprecedented market survey conducted in November and December of 2023 and augmented by public announcements and Crux platform data.
In total, this report reflects information collected from more than $3.5 billion in 2023 transferable tax credit transactions. We estimate the dataset covers between one third and one half of the market for transferable credits in 2023 on the basis that total deal value will likely reach $7-9 billion.
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