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Concentro
Services for Renewable Energy
Concentro is the platform for distributed generation clean energy tax credits.
About us
Concentro is building the go-to platform to simplify and streamline financing for DG clean energy projects. Our platform helps clean energy projects monetize the tax credits they receive from the US government. The Inflation Reduction Act has allocated over $250 billion in tax credits to subsidize clean energy development, and we are building the infrastructure for these projects to monetize the credits by transferring them to third parties with sufficient tax liabilities. We provide a turn-key solution for DG clean energy projects to monetize tax credit through transferability. At the same time, we provide corporate buyers with access to vetted and fully insured clean energy tax credits, with very attractive risk-return profiles and positive impact.
- Website
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https://concentro.io/
External link for Concentro
- Industry
- Services for Renewable Energy
- Company size
- 2-10 employees
- Headquarters
- Boston
- Type
- Privately Held
- Founded
- 2023
- Specialties
- Tax credits, Renewables, ITCs, IRA, and Clean-tech
Locations
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Primary
Get directions
Boston, US
Employees at Concentro
Updates
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This morning, the Department of Treasury has announced the opening of the much awaited Pre-Filing Registration Portal for Clean Energy Tax Credits. This was the missing piece for tax credit transactions to fully close, as registration numbers were a requirement - it is great news for the industry. Please refer to the resource below for basic information on the platform 👇 and do not hesitate to reach out to us for any help needed. https://lnkd.in/eTGV8GkF
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Applications for the Low Income Communities Bonus Credit program open tomorrow, October 19th at 9 am ET, and we have prepared a brief guide to navigate the basics of the program. 👇 With bonus credits ranging from 10-20% for <5 MW projects located in or serving these communities, the program comes with be a very attractive subsidy. We believe that the LIC Bonus Credit should help distribute the benefits of the Inflation Reduction Act more equitably, bringing cleaner and cheaper energy to lower-income communities, while also helping create jobs and spur economic development in these communities. Do reach out to us if you have any question or need more help! https://lnkd.in/eXVm5fgh
A brief guide to the Low Income Communities Bonus Credit Program
concentro.io
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Tax Credits are becoming (and will become) a very powerful tool for US Corporates, helping them unlock high yield investments at very low risk, while at the same time helping them have a huge positive impact by unlocking capital for clean energy projects (and, in some cases, on low income communities). For those less familiar with tax credits, they are a dollar-for-dollar reduction in tax liabilities and the main subsidy vehicle used by the US for clean energy projects. After the Inflation Reduction Act, Corporates can now acquire tax credits from projects that cannot utilize these tax credits at a discounted rate (e.g., they will pay 90 cents for each dollar of tax credits). While these discounts do not seem very steep at first glance (~10% on average for buyers), the associated yields on these purchase can be very sizable based on cash payment vs monetization timelines. If a corporate files taxes quarterly, "minimum" yields could be north of 40% when the discount is 10%. In fact, yields can sometimes even be "infinite"! Please refer to the article for more detail 👇. At the same time, the risk of these tax credits is generally low and, even better, can be virtually fully protected through insurance. Additionally, from an ESG perspective, tax credits can have an environmental (unlocking funds for clean energy projects) and a social impact (many of these projects are located or owned by low income communities). Please share any thoughts or comments on the article, more than appreciated! 👇 #taxcredits #IRA #InflationReductionAct #ESG https://lnkd.in/eu8p5R6w
Understanding tax credit transfers' economics: The buyer's perspective
concentro.io