06 — Finance

Project Finance
& Structuring

We finance all types of solar and storage projects — PPAs, ESAs, and custom structures. Serving developers, owners, and operators who need capital and financial expertise to close deals and maximize IRA incentives.

PPAsESAsTax EquityIRA IncentivesDeveloper FinancePortfolio Acquisitions
$500M+
Projects Financed
Solar & storage portfolio
30%
ITC / IRA Incentives
Federal tax credit optimization
60 days
Average Close Time
From term sheet to funding
100%
Non-Recourse Structures
Asset-backed financing
Capabilities

Capital Solutions
for Clean Energy

Power Purchase Agreement (PPA) Finance

We structure and finance solar and storage projects under long-term PPAs. Our relationships with tax equity investors, senior lenders, and institutional capital providers allow us to close PPA-backed transactions from $1M to $500M+.

Energy Service Agreement (ESA) Finance

ESA structures are preferred by tax-exempt entities including municipalities, school districts, and nonprofits. We structure ESAs that comply with IRS guidelines while delivering the same zero-capital benefit as a traditional PPA.

Tax Equity Structuring

The Inflation Reduction Act (IRA) dramatically expanded federal tax incentives for clean energy. We structure tax equity partnerships — including partnership flips, sale-leasebacks, and inverted leases — to monetize ITC and PTC credits.

Developer Finance

Construction loans, bridge financing, and permanent debt for solar and storage developers. We work with developers at every stage — from development capital to construction financing to take-out loans at commercial operation.

Portfolio Acquisitions

We acquire operating solar and storage portfolios from developers and asset owners seeking liquidity. Our in-house technical and financial due diligence capabilities allow us to close acquisitions quickly and at competitive valuations.

IRA Incentive Optimization

The Inflation Reduction Act created new bonus credits for domestic content, energy communities, and low-income communities. We analyze every project for bonus credit eligibility and structure transactions to maximize total incentive value.

Finance Structures

The Right Structure
for Every Project

Partnership Flip

Tax equity investor receives majority of tax benefits until a target yield, then flips to minority interest. Most common structure for solar projects.

Best for:Commercial & utility solar

Sale-Leaseback

Developer sells the asset to a tax equity investor and leases it back. Simpler structure with faster execution timeline.

Best for:Smaller projects, faster close

Inverted Lease

Tax-exempt entity leases the system from a taxable lessor who claims the ITC. Enables municipalities and nonprofits to access federal incentives.

Best for:Municipal & nonprofit clients

Direct Pay (IRA)

The IRA allows tax-exempt entities to receive direct cash payments equal to the ITC value — eliminating the need for complex tax equity structures.

Best for:Government & nonprofit entities

Close Your
Next Deal

Whether you need tax equity, construction debt, or a PPA structure, we bring the capital and expertise to get your project financed and built.

Discuss Project Finance