Crux has launched our annual 2024 Market Intelligence Report survey, collecting data on commercial activity, deal standards, and market sentiment in the tax credit market for 2024. Our surveys provide unique insights into the state of the market for clean energy and manufacturing tax credits.
The resulting reports are built on the market’s largest and most authoritative data set of transactions, which now totals $28 billion in commercial activity in 2023-2024. Findings from the market reports have been featured in congressional research, cited by major financial institutions and nonprofit organizations, and widely referenced in the press, including in Reuters, The Wall Street Journal, Financial Times, Latitude Media, and Canary Media.
This data has helped build a more transparent and efficient market. It is the foundation of the Cruxtimate, which provides buyers and sellers accurate and dynamic insight into credit pricing. It has set the standards on essential due diligence items and deal terms, leading to faster alignment and streamlined transaction processes. This transparency has enabled corporate tax buyers, clean energy developers and manufacturers, and advisors to engage in a new market, jumpstarting it to an estimated $22+ billion annually in less than two years.
This year’s survey is no different: it will inform the authoritative 2024 market report, setting buyers, sellers, and advisors up for success in 2025. All market participants are invited to participate in the survey, which will run through December 12. Our findings will be published in early 2025.
Survey respondents will receive an extended version of the report and access to custom data products and analytics, beginning in 2025. The extended edition of the market report provides 20%+ more data, including insight into pricing trends by technology and tax credit type, prevalence of insurance, common diligence items and practices, and forecasts for the tax credit market in 2025.
In addition to supporting our market-leading research, Crux will leverage the market data collected in the survey to inform a guide of service providers active in the transferable tax credit market, spotlighting the top-tier law firms, appraisers, and advisors in the industry. Crux supports all market participants – including advisors and service providers — and looks forward to the opportunity to highlight industry leaders, specialists, and problem-solvers that are essential to the growth and evolution of the market.
Crux expects to launch this in early 2025, following the release of the Market Intelligence Report. Companies interested in learning more are encouraged to complete the survey and reach out to us. While data collected in the survey will help form the basis of future analysis, service providers will be contacted separately to confirm or otherwise provide relevant information prior to releasing any detailed guide to market advisors/servicers.
Beginning in 2025, our biannual surveys will be supplemented by a data portal which will enable market participants to submit basic information on completed transactions on an ongoing basis. More regular data collection will enable us to expand our data offerings. That means more real-time reports, in-depth whitepapers, and new platform tools. Market participants who contribute to this data set, as well as Crux users and partners, will receive access to custom insights and projections.
The 2024 Market Intelligence Survey is entirely anonymous and takes less than 20 minutes to complete. It contains questions regarding your firm’s overall activity and sentiment on the market and detailed information regarding individual transactions.
Respondents are asked for their email address only to receive the extended version of the final report; this information is not retained with the rest of the survey submission. Data will be processed and then aggregated to report on and analyze market trends and support generalized market observations. No identifying or identifiable information will be published.
Additional information on the survey collection, terms of service, and data use is available in this FAQ document.
Fill out the survey today — thank you for your participation!
December 11, 2024
Crux General Counsel Jake Wolf talks with Sam Kamyans, a partner in the Tax Practice Group at Kirkland & Ellis, about potential impacts of tax reform in the next administration on energy tax credits, safe harboring, and potential impacts on transaction structures that aim to monetize these credits.
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December 10, 2024
Transferability is driving the domestic energy and manufacturing renaissance. Consumers and businesses all across America benefit from this key innovation, which is making energy more affordable and abundant and securing our supply chains for generations to come.
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November 27, 2024
Crux co-founder and CEO Alfred Johnson sat down with a panel of energy, tax, finance, and legal experts to discuss how tax reform under the next administration will likely impact energy tax credits.
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