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Project financing arranged around a project's specific capital stack, whether that's tax equity, a construction loan or a hybrid structure.
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Source project financing structured around a solar project's specific capital stack. Tax equity, construction loans and hybrid financing services on Sunhub.
Tax equity, construction debt and sponsor equity each play a different role in a project's capital stack, and financing structured here accounts for how they interact rather than treating financing as a single line item.
A residential-adjacent commercial project and a utility-scale build need fundamentally different financing structures, and support here scales to the project rather than applying one template.
Since tax credit transferability under Section 6418 became available, more projects structure financing around a credit sale rather than a traditional tax equity partnership, and that option gets weighed as part of the structuring conversation.
Tax equity, debt and transferability options get weighed together instead of defaulting to one financing path.
Structuring scales to the project's actual size instead of a generic commercial financing template.
Tax equity brings in an investor who can monetize a project's tax credits and depreciation in exchange for a share of returns, which suits projects with tax benefits the developer cannot fully use. Debt is a loan repaid with interest and secured against the project, adding leverage without giving up ownership of the credits. Many projects combine both in a capital stack, alongside sponsor equity.
Yes. Smaller projects often rely on simpler structures like a term loan or a lease, while larger utility-scale projects can support tax equity, construction-to-permanent debt, and hybrid arrangements. Larger deals carry the transaction costs those structures require, whereas small projects usually cannot. Financing is right-sized to the project's scale and economics.
The Inflation Reduction Act lets developers sell certain clean-energy tax credits directly to a buyer for cash, which can replace or reduce the need for a traditional tax equity partner. That opens a simpler path to monetizing credits, though pricing, buyer diligence, and recapture risk still shape the deal. Factoring transferability in from the start keeps the capital stack efficient.