For eligible US taxpayers and project developers
Your partner for efficient tax credit transfers
In a time of rapid change, Marex is your partner in the energy transition. Whether you’re unlocking the value of your project’s tax credits or seeking ways to effectively manage your US tax obligations, we can help you navigate the process transparently and efficiently. No expertise required—just a step forward.
US transferable tax credits
The Inflation Reduction Act (IRA) provides transferability for renewable energy tax credits to support clean energy development such as solar, wind and battery storage projects in the United States.
Eligible companies and individuals with a tax obligation in the US can strategically manage their tax liability while helping to lower the cost of clean energy deployment by purchasing transferable tax credits from eligible sellers. Transferable tax credits enhance financial efficiency while supporting projects that accelerate the transition to a low-carbon economy.
Marex, your partner for tax credit transfers and beyond
At Marex, we connect eligible corporate and individual investors who have tax obligations in the US with project developers that are delivering renewable energy tax credits. We support buyers and sellers by connecting vetted counterparties. Our team provides standardized documentation and access to our network of partners who provide market-leading execution. Our dedicated team is led by Laura E. Stern, who brings her 25+ years of on-the-ground operational, financial and organizational experience in the renewable energy industry.
With comprehensive capabilities in Renewable Energy Certificates (REC), power and capacity markets across the US, Marex can offer bundled structures tailored to your unique business needs. As one of the largest traders of RECs in the US, Marex offers broad access across voluntary and compliance environmental markets. Our team leverages its near 20-year relationships with the most active firms in the power, renewable energy and carbon markets to provide clients with the resources they need to meet their sustainability goals and regulatory requirements.
Why Marex?
Investment Grade
Credit rating from S&P Global & Fitch
NASDAQ
Listed April 2024 (MRX)
Strong Balance Sheet
With $24.3bn of total available liquid resources in 2024
18 Years
As a leader in the US energy and renewables markets
With more than 40 offices around the world and access to 60 exchanges, Marex connects over 5,000 clients to the global energy, commodities and financial markets.In the US, our clients benefit from Marex’s global connections, local footprint and extensive product expertise across North American energy, renewable power, renewable fuels, tax credits, carbon markets and much more. This deep sector knowledge allows us to support clients through entire trade lifecycle, delivering access, insight and execution across sectors. We’re more than a provider. We’re a trusted partner. As an investment-grade, non-bank financial services firm, Marex offers a combination of flexibility and financial strength – backed by strong governance and the market experience required to help you thrive in today’s complex world.
Tax Credit Buyers
Whether you’re considering your first transaction or you have already integrated tax credits into your overall tax strategy, our team will guide you through the process and connect you to pre-vetted projects that meet your budget, timeline and risk appetite so you can buy tax credits with confidence. With Marex, you’ll have access to:
- Pre-screened, ready-to-transact credits
- Market intelligence on IRS tax credit transfer rules
- Attractive, risk-adjusted returns
- Options to bundle RECs, power and other Marex energy products
- Full project management support during due diligence and closing
- Efficient execution backed by comprehensive post-closing support
Project developers
Monetizing your tax credits is straightforward when you have the right partner. We provide a clear path to selling transferable tax credits by connecting you with qualified buyers and ensuring compliance, transparency, and speed throughout the process. Here’s how we deliver value every step of the way:
- Direct connections to pre-screened tax credit buyers
- Full price transparency
- Compliance support for tax credit transfers
- Option to bundle RECs, power and other Marex power products to maximize pricing
- Reduce your risk exposure through our strategic structuring and trusted guidance
“Tax credits are instrumental to every renewable energy project. As a former developer, I know that finding the right tax credit partner can make or break a transaction —from both the buy and sell side. That’s why at Marex we aim to build the largest, most frictionless marketplace for U.S. tax credit transfers—to make it easier for every project to succeed.”Laura Stern Head of the US Tax Credit
FAQs
Transferability of renewable energy tax credits, such as the Investment Tax Credits (ITC) and Production Tax Credits (PTC), was enabled by the Inflation Reduction Act (IRA) of 2022. An ITC provides a tax credit based on a percentage of an upfront investment in an eligible energy project, such as solar and battery storage. A PTC offers a per-kilowatt-hour credit for electricity generated by an eligible project over a 10-year period.
Corporations can strategically manage their tax liability while helping to lower the cost of clean energy deployment by purchasing transferable tax credits from eligible sellers. At Marex, we believe that this approach not only enhances financial efficiency but also supports projects that accelerate the transition to a low-carbon economy.
Transferable tax credits are available to purchase for any U.S. taxpayer that meets IRS eligibility criteria. Widely held corporations, institutional investors, individuals with passive income and family offices are typically the primary participants in this market. Tax-exempt organizations, such as non-profits or government agencies, are not eligible to participate.
Buyers of transferable tax credits look to align acquisitions with quarterly tax obligations to maximize cash flow and for planning purposes.
Transferable tax credits allow corporate buyers to purchase credits from eligible projects to offset their tax liabilities. This flexible approach allows corporate buyers to participate in clean energy projects and contribute to the clean energy transition without the complications of investing directly in a project.
Marex supports corporate buyers, project developers, and credit sellers on negotiation and deal structuring, execution, closing, funding and post-closing support.
We are building Neon Renewables, an innovative platform that will allow users to populate fields to generate terms on which to transact. In addition, we can connect you to our partner network of market-proven professional service providers, to support the transaction and facilitate successful and standardized execution.
We are closely monitoring all legislative developments. As the legislative path evolves, Marex is assisting clients by providing comprehensive and standardized terms and conditions to protect both buyers and sellers.
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With Marex, you can choose to bundle your tax credit transactions with our wider environmental and energy offering.
Environmental
As one of the largest- and longest-standing environmental brokerage teams in the US, Marex’s environmental product offering provides comprehensive access to voluntary and compliance environmental markets, allowing its US clients to access products to reach their decarbonization targets.
Energy
Marex provides connectivity and infrastructure to the energy market across a range of products and segments.
Our wholesale market focus is backed by clearing services on all major clearing venues, a comprehensive energy options desk, unparalleled market data via Neon Energy, and fundamental and quantitative research using our award-winning proprietary methodology.
Neon is Marex’s digital platform, designed and built in-house for our clients
With applications ranging from market-leading commentary covering global energy, commodities and financial products, to providing access to the world’s major exchanges for electronic execution, Neon is a leading platform that complements our team’s expertise to meet our clients’ unique needs.