Over the past two decades, major financial institutions, including U.S. Bank and Wells Fargo, along with Fortune 500 giants like Apple and Google, have leveraged federal tax credits to significantly bolster earnings while supporting the burgeoning green economy.
The passage of the Inflation Reduction Act in 2022, though, has leveled the playing field for community banks and middle market companies by greatly increasing access to, and awareness of federal renewable energy tax credit investments.
In 2019, KeyState Renewables launched SOLCAP – a dedicated solar tax credit platform to finance mid-size, high-impact renewable energy projects.
Through the end of 2024, SOLCAP has deployed and committed $430+ million in tax equity, financing 80+ solar and battery storage projects across the U.S. SOLCAP provides a turnkey platform for bank and corporate investors to generate tax savings and finance renewable energy projects.
“Most of the projects that we finance provide discounted, renewable energy to underserved communities. For me, that's the most rewarding part of the work we do at KeyState because we provide affordable, clean energy to the communities that need it most. It's exciting to contribute to something that truly makes a difference in people's lives.”
