\Clocktower Tax Credits, LLC, a national broker of State and Federal Tax Credit incentives, was honored by Energy Business Review as a Top Renewable Energy Financing Services Provider for 2024. The firm was featured in a cover story in the Review’s August 15, 2024 edition. https://renewable-energy-financing.energybusinessreview.com/vendors/top-renewable-energy-financing-services-providers.html
“We were both honored and flattered to have been selected by the magazine’s editorial staff to be featured in this prominent manner,” stated Jeff Jacobson, Clocktower’s President. “There are a lot of firms, both traditional tax credits brokers/syndicators and newer tech-inspired firms that have been drawn to this space by the tremendous potential of the Inflation Reduction Act of 2022. That we have been identified as a key player speaks to our past experience as well as our current capabilities.”
Clocktower was quick to embrace the exciting new features of the legislation that created, for the first time ever, a Transferable Federal Income Tax Credit. “We have over 20 years’ experience transferring State tax credits to our mostly Fortune 500 pool of tax credit investors,” Jacobson continued. “Although the use of the IRS transfer portal is totally new, the analysis, processing, and legal documentation used to sell or purchase these credits is similar to what we have coached our investor clients through for years.”
As described in the article, Clocktower employs its staff of acquisitions associates nationwide to identify and then connect tax credit sellers and buyers. Dave Auster, Clocktower’s Senior Associate with over 25 years of industry experience, notes that middlemen such as Clocktower are crucial to establishing the deal flow for this nascent, $40 billion industry. “While there are some new online marketplaces for buyers and sellers to see inventory and connect, our history tells us that there needs to be knowledgeable intermediaries in almost every transaction to see them across the finish line. Jeff and I aim to do just that in our transactions.”
Clocktower welcomes calls from manufacturers, contractors, developers and system owner of energy property that qualifies for tax credits. We will help you determine the value of the tax credits that you have to sell, and guide you through the process of contracting for their sale. Similarly, we encourage investors seeking tax savings to seek out us, and we’ll match you with the appropriate tax credit seller.
Clocktower Tax Credits has offices in Boston, New York, Los Angeles, Naples, and Charlotte. To schedule a meeting with any Clocktower associate, or a phone call or Zoom session, please call President Jeff Jacobson at (978) 823-0200, or email him at JJacobson@ClocktowerTC.com.