TAX CREDIT INSURANCE
RECAPTURE · DISALLOWANCE
Cenet Capital insures transferable 48E, 45Y, 45V, 48C and 30C credits against recapture, disallowance and excessive credit transfer penalties, so buyers commit sooner and sellers capture a stronger price.
Insurance
Covers the investment credit recapture window after placed-in-service
Excessive transfer penalty a policy can cover, on top of the lost credit
Credit sizes from $250K to $250M and up
Buyers or sellers can be the named insured
Strongly recommended: most buyers expect insurance on ITC and 48E deals from non-investment-grade sellers.
Illustrative only. Premiums typically run 2%–5% of the limit, with minimum premiums (assumed $150K here). Policies currently exclude prohibited foreign entity (FEOC) risk. Real quotes depend on underwriting.
Sources: IRS, Elective pay and transferability · 26 U.S.C. § 6418. Premium estimates reflect typical 2026 market ranges; your quote depends on underwriting.
Credits we insure
Other Section 6418 credits, including 45X, 45Z and 45Q, are reviewed case by case.
Cenet Capital underwrites coverage alongside its own purchases and on third-party transfers, so policy terms match how buyers actually diligence credits. Coverage is sized to the credit amount and priced after review of the project and its documentation.
Who Qualifies
Built for the people actually holding these credits.
Cenet insures sellers, buyers and sponsors of 48/48E, 45Y, 45V, 48C and 30C credits worth $250K to $250M+, before a transfer closes or after it has already funded.
Submit
Share the credit, the deal and the coverage you need.
Underwriting
We review the project, cost basis and compliance records.
Quote
You get indicative terms, a policy limit and a premium.
Bind
The policy binds at or before the transfer closes.
Why Insure
WITH COVERAGE
Buyer risk capped by a defined policy limit
A broader buyer pool, including first-time corporate buyers
Stronger pricing because buyers can underwrite a capped risk
Faster commitments and fewer diligence re-trades
Covers lost credit, interest, penalties and gross-up
Standalone policies available after a transfer closes
WITHOUT COVERAGE
The buyer carries recapture and disallowance risk alone
Many corporate buyers will not participate at all
Deeper discounts or heavy indemnity demands
Longer diligence and more negotiation
Seller indemnity exposure that can last for years
The 20% excessive transfer penalty stays uncovered
COMMON QUERIES
Straight answers on coverage, cost, timing and who should be insured when you buy or sell a clean energy tax credit.
Clean energy tax credit insurance FAQs.
What does clean energy tax credit insurance cover?
A policy typically covers the credit amount lost to IRS disallowance, reduction or recapture, plus interest, penalties, contest costs and a tax gross-up. Common triggers include cost basis challenges, prevailing wage and apprenticeship failures, bonus adder errors and recapture events.
How much does tax credit insurance cost?
Who should buy the policy, the buyer or the seller?
Why do buyers worry about recapture?
Can I insure a credit that has already been transferred?
How long does it take to bind a policy?
NO OBLIGATION · ABOUT A MINUTE
Selling instead? Get a purchase offer or bridge the credit until it closes.
