Authorized under the Inflation Reduction Act of 2022, the ability to transfer renewable energy investment tax credits is increasing liquidity in the tax credit marketplace and is changing the way partnerships are structuring renewable energy transactions. Michael Novogradac, CPA, and Novogradac partner Tony Grappone, CPA, discuss 2023 Q4 expectations vs. actual closings, favored transferability structures, the effects of transferability on tax credit equity pricing and transferability tips.