Case Study: EPC Power accelerates advanced manufacturing tax credit sales with Crux

How one of the industry’s first advanced manufacturing tax credit transactions took place

EPC Power, a utility-scale inverter manufacturer, sought to efficiently monetize its newly generated 45X advanced manufacturing tax credits following the passage of the IRA. Their challenge was to find the right buyer and navigate the new transferable tax credit market to secure the best possible terms. They partnered with vendor Crux to leverage its platform and large network of tax credit buyers.

Crux provided an efficient solution by listing EPC Power's credits, which generated multiple competitive bids within days. This process allowed EPC Power to quickly select a buyer and close the transaction in less than 45 days. Through Crux, EPC Power secured a buyer for its 2023 credits and completed a follow-on transaction for its 2024 credits. The successful sale provided capital that EPC Power is reinvesting into a $5 million expansion of its South Carolina operations, creating 150 new jobs.

EPC Power