Transferable Tax Credit Facts and Statistics (2026)

A citable reference of figures used on this site. Statutory figures come from the Internal Revenue Code, Treasury regulations and IRS guidance. Market figures are third-party data with the publisher and date shown; they are not Veritas quotes or predictions. Each figure links to its source.

Statutory and IRS figures

Fact	Figure	Source
§48E base credit rate	6% of eligible basis	26 U.S.C. §48E
§48E rate with prevailing wage and apprenticeship, or under 1 MW AC	30%	IRS: Clean Electricity Investment Credit; §48E
§48E bonus adders (domestic content, energy community)	Up to 10 percentage points each	§48E
Investment credit recapture period and schedule	Five years; 100%, 80%, 60%, 40%, 20% by year	26 U.S.C. §50
Number of times a §6418 credit can be transferred	Once; buyer must be unrelated; payment in cash	26 U.S.C. §6418
Excessive credit transfer addition	20% of the excess, unless reasonable cause	§6418(g)(2)
Individual buyer limit	Purchased credit generally a passive activity credit; usable only against tax attributable to net passive income	IRS Transferability FAQ, Q15; Treas. Reg. §1.6418-2(f)(3)
Form used to limit passive credits	Form 8582-CR (individuals, estates, trusts); Form 8810 (corporations)	IRS Form 8582-CR
General business credit limit (§38(c))	Net income tax minus the greater of tentative minimum tax or 25% of net regular tax above $25,000; about 75% of regular tax plus $6,250 when TMT is zero	26 U.S.C. §38
Carryover periods	General business credit: back 1, forward 20. Applicable credits (including §48E): back 3, forward 22	26 U.S.C. §39
Net investment income tax	3.8%; thresholds $250,000 joint, $200,000 other, $125,000 married filing separately	26 U.S.C. §1411
Material participation (one of seven tests)	More than 500 hours in the year	Treas. Reg. §1.469-5T
Real estate professional status	More than 750 hours and more than half of personal services in real property businesses	26 U.S.C. §469(c)(7)
Rental real estate special allowance	Up to $25,000, phased out between $100,000 and $150,000 of AGI (not assumed to apply to purchased credits)	§469(i)
Trust and estate top rate, 2026	37% above $16,000 of taxable income	IRS Rev. Proc. 2025-32
Wind and solar §48E/§45Y deadline	Construction begun by July 4, 2026, or placed in service by December 31, 2027	Pub. L. 119-21

Market figures (third-party data)

Metric	Figure	Publisher and date
Average 2026 price, investment tax credits	$0.913 per $1.00 of credit (typical historical range $0.920 to $0.925)	Crux, mid-year report, Aug. 20, 2026
Average 2026 price, production tax credits	$0.930 per $1.00 of credit	Crux, Aug. 20, 2026
Range at which most clean energy credits trade	About $0.88 to $0.96 per $1.00; early-2026 ITC average about $0.895	Cenet Capital, Q4 2026 report, Oct. 4, 2026
Credit transfers, first half of 2026	About $21 billion	Crux, Aug. 20, 2026
Tax equity and preferred equity, 2026 estimate	About $46.3 billion	Crux, Aug. 20, 2026
Forecast annual credit supply through 2030	Above $75 billion a year	Crux, Aug. 20, 2026
Wind and solar safe-harbored before July 4, 2026	More than 170 GW (Crux estimate)	Crux, Aug. 20, 2026

The two price sources measure differently (Crux reports market-wide averages; Cenet reports its own observations), so do not treat either as a quote. See §48E pricing and discount for what moves price.

How to cite this page

Veritas Tax Credits, "Transferable Tax Credit Facts and Statistics," veritastaxcredits.com/transferable-tax-credit-market-facts-and-statistics/, reviewed November 4, 2026. Please cite the original source linked next to each figure for statutory and market data, and tell us if you spot an error (see editorial standards).

Educational information only, not tax, legal or investment advice, and no outcome is promised. Rules and figures were checked against the cited sources on November 4, 2026; confirm with your CPA and counsel before acting. See our disclaimer and editorial standards.