What is a tax credit transfer?

A tax credit transfer is the sale of federal or state tax credits from the entity that earned them (such as a renewable energy developer or affordable housing project) to a third-party buyer who can use them to offset their own tax liability. The Inflation Reduction Act expanded transferability for many federal energy credits, and a number of states allow transfer of state credits as well.

What types of tax credits does Fallbrook handle?

Fallbrook handles federal and state tax credit transactions including renewable energy Investment Tax Credits (ITC) and Production Tax Credits (PTC), Low-Income Housing Tax Credits (LIHTC), Historic Rehabilitation Tax Credits, and film production tax credits across all 50 states.

Who buys tax credits?

Tax credit buyers are typically corporations, banks, and insurance companies with significant federal or state tax liability. They purchase credits at a discount to face value to reduce their effective tax burden while supporting renewable energy, affordable housing, historic preservation, or film production projects.

How long has Fallbrook been in business?

Fallbrook Financial Services Company has been operating since 1986, with over $6 billion in tax equity investments facilitated to date. The firm is headquartered in Calabasas, California.

What is the difference between a federal and state tax credit?

Federal tax credits offset federal income tax liability and are governed by the Internal Revenue Code. State tax credits offset state tax liability and vary widely by jurisdiction in terms of eligibility, transferability, and pricing. Many projects qualify for both federal and state credits stacked together.

News & Blogs

Section 48E Recapture Risk: What Buyers Need to Verify Before Closing a Deal

9th September, 2026

California’s Historic Tax Credit Gets a Reset, Not Just a Renewal: What AB 1265 Changes

2nd September, 2026

LIHTC Recapture Risk: What Buyers and Investors Need to Know in Year 15

2nd September, 2026

How Transferable Tax Credits Have Replaced Tax Equity for Many Clean Energy Developers

26th August, 2026

How to Monetize a State Film Tax Credit: A Step-by-Step Guide for Independent Producers

19th August, 2026

Georgia’s New Stand-Alone Post-Production Tax Credit: A 2026 Guide for Studios

12th August, 2026

Section 48E Recapture Risk: What Buyers Need to Verify Before Closing a Deal

9th September, 2026

How Transferable Tax Credits Have Replaced Tax Equity for Many Clean Energy Developers

26th August, 2026

FEOC Compliance in Tax Credit Transfers: A Buyer’s Due Diligence Checklist for 2026

8th July, 2026

ITC vs. PTC Pricing in 2026: Why the Discount Gap Is Widening

1st July, 2026

The July 4, 2026 Construction Deadline: What Solar and Wind Developers Must Do This Quarter

30th June, 2026

Why Battery Storage (BESS) Is Becoming Essential to Solar and Wind Deal Economics Post-OBBBA

17th June, 2026

How to Monetize a State Film Tax Credit: A Step-by-Step Guide for Independent Producers

19th August, 2026

Georgia’s New Stand-Alone Post-Production Tax Credit: A 2026 Guide for Studios

12th August, 2026

Illinois SB 1911: Why the 35% Film Tax Credit Just Made the Midwest Competitive Again

29th July, 2026

Understanding U.S. Film Incentives: A Guide to Rebates, Tax Credits, and Financing

22nd July, 2026

Why Georgia’s Production Momentum Is a Positive Signal for Film Tax Credits

3rd June, 2026

State-Level Transferability Is Coming: Which States Could Follow Federal Rules?

15th April, 2026

California’s Historic Tax Credit Gets a Reset, Not Just a Renewal: What AB 1265 Changes

2nd September, 2026

The 25% Bond Test Explained: Why 4% LIHTC Deals Are Surging (And What It Means for Pricing)

5th August, 2026

Illinois SB 1911: Why the 35% Film Tax Credit Just Made the Midwest Competitive Again

29th July, 2026

LIHTC Equity Investors in 2026: Who’s Buying, Who’s Sitting Out, and Why

15th July, 2026

FEOC Compliance in Tax Credit Transfers: A Buyer’s Due Diligence Checklist for 2026

8th July, 2026

ITC vs. PTC Pricing in 2026: Why the Discount Gap Is Widening

1st July, 2026

LIHTC Recapture Risk: What Buyers and Investors Need to Know in Year 15

2nd September, 2026

The 25% Bond Test Explained: Why 4% LIHTC Deals Are Surging (And What It Means for Pricing)

5th August, 2026

LIHTC Equity Investors in 2026: Who’s Buying, Who’s Sitting Out, and Why

15th July, 2026

LIHTC Pricing in CRA vs. Non-CRA Markets: A 2026 Investor’s Guide

24th June, 2026

How Rising Interest Rates Are Reshaping LIHTC Deal Structures

10th June, 2026

Why LIHTC Projects Are Facing Longer Timeline to Close?

27th May, 2026

Fallbrook Facilitates over $15 Million ITC and PTC Monetization for Renewable Natural Gas Portfolio on the West Coast

25th February, 2026

Fallbrook Facilitates More Than $23 Million ITC Monetization for Community Solar Portfolio Across Multiple States

18th February, 2026

Fallbrook Statement on Proposed Changes to Federal Energy Tax Credits

14th May, 2025

Fallbrook Statement Concerning Administration Plan to Revive U.S. Production

9th May, 2025

Fallbrook Facilitates $53 Million ITC Monetization for Community Solar Projects in New England and the Mid-Atlantic

30th April, 2025

Fallbrook Facilitates $50 Million ITC Monetization for Community Solar Projects Across the Midwest and Northeast

23rd April, 2025

The Tax Credit Talk: Episode 20 Season Finale Recap

24th September, 2025

Tax Credit Talk: Episode 19 Recap

17th September, 2025

Tax Credit Talk: Episode Recap 18

10th September, 2025

Tax Credit Talk: Episode Recap 17

3rd September, 2025

Tax Credit Talk: Episode 16 Recap

27th August, 2025

Tax Credit Talk: Episode 15 Recap

20th August, 2025

Fallbrook Statement on Proposed Changes to Federal Energy Tax Credits

14th May, 2025

Fallbrook Statement Concerning Administration Plan to Revive U.S. Production

9th May, 2025

News & Blogs

Section 48E Recapture Risk: What Buyers Need to Verify Before Closing a Deal

California’s Historic Tax Credit Gets a Reset, Not Just a Renewal: What AB 1265 Changes

LIHTC Recapture Risk: What Buyers and Investors Need to Know in Year 15

How Transferable Tax Credits Have Replaced Tax Equity for Many Clean Energy Developers

How to Monetize a State Film Tax Credit: A Step-by-Step Guide for Independent Producers

Georgia’s New Stand-Alone Post-Production Tax Credit: A 2026 Guide for Studios

Energy

Section 48E Recapture Risk: What Buyers Need to Verify Before Closing a Deal

How Transferable Tax Credits Have Replaced Tax Equity for Many Clean Energy Developers

FEOC Compliance in Tax Credit Transfers: A Buyer’s Due Diligence Checklist for 2026

ITC vs. PTC Pricing in 2026: Why the Discount Gap Is Widening

The July 4, 2026 Construction Deadline: What Solar and Wind Developers Must Do This Quarter

Why Battery Storage (BESS) Is Becoming Essential to Solar and Wind Deal Economics Post-OBBBA

Film

How to Monetize a State Film Tax Credit: A Step-by-Step Guide for Independent Producers

Georgia’s New Stand-Alone Post-Production Tax Credit: A 2026 Guide for Studios

Illinois SB 1911: Why the 35% Film Tax Credit Just Made the Midwest Competitive Again

Understanding U.S. Film Incentives: A Guide to Rebates, Tax Credits, and Financing

Why Georgia’s Production Momentum Is a Positive Signal for Film Tax Credits

State-Level Transferability Is Coming: Which States Could Follow Federal Rules?

General Info

California’s Historic Tax Credit Gets a Reset, Not Just a Renewal: What AB 1265 Changes

The 25% Bond Test Explained: Why 4% LIHTC Deals Are Surging (And What It Means for Pricing)

Illinois SB 1911: Why the 35% Film Tax Credit Just Made the Midwest Competitive Again

LIHTC Equity Investors in 2026: Who’s Buying, Who’s Sitting Out, and Why

FEOC Compliance in Tax Credit Transfers: A Buyer’s Due Diligence Checklist for 2026

ITC vs. PTC Pricing in 2026: Why the Discount Gap Is Widening

LIHTC

LIHTC Recapture Risk: What Buyers and Investors Need to Know in Year 15

The 25% Bond Test Explained: Why 4% LIHTC Deals Are Surging (And What It Means for Pricing)

LIHTC Equity Investors in 2026: Who’s Buying, Who’s Sitting Out, and Why

LIHTC Pricing in CRA vs. Non-CRA Markets: A 2026 Investor’s Guide

How Rising Interest Rates Are Reshaping LIHTC Deal Structures

Why LIHTC Projects Are Facing Longer Timeline to Close?

Press Releases

Fallbrook Facilitates over $15 Million ITC and PTC Monetization for Renewable Natural Gas Portfolio on the West Coast

Fallbrook Facilitates More Than $23 Million ITC Monetization for Community Solar Portfolio Across Multiple States

Fallbrook Statement on Proposed Changes to Federal Energy Tax Credits

Fallbrook Statement Concerning Administration Plan to Revive U.S. Production

Fallbrook Facilitates $53 Million ITC Monetization for Community Solar Projects in New England and the Mid-Atlantic

Fallbrook Facilitates $50 Million ITC Monetization for Community Solar Projects Across the Midwest and Northeast

Podcast Episodes

The Tax Credit Talk: Episode 20 Season Finale Recap

Tax Credit Talk: Episode 19 Recap

Tax Credit Talk: Episode Recap 18

Tax Credit Talk: Episode Recap 17

Tax Credit Talk: Episode 16 Recap

Tax Credit Talk: Episode 15 Recap

Uncategorized

Fallbrook Statement on Proposed Changes to Federal Energy Tax Credits

Fallbrook Statement Concerning Administration Plan to Revive U.S. Production

Get informed with nationwide tax credit news, the latest on energy advancements, and capital market updates by signing up for our Fallbrook Newsletters.