Tax Credit Talk: Episode 10 Recap

This recap reflects content from a previously recorded episode of The Tax Credit Talk podcast. The podcast is no longer active or available for streaming; however, written summaries remain accessible in our News section.

One Big Bill. Two Big Winners. One Giant Mess.

In this week’s episode of The Tax Credit Talk, hosts Hallie James and Parker An dig into the latest tax credit developments reshaping projects nationwide. With clean energy incentives on a compressed timeline and historic preservation programs gaining traction, the field is shifting—and fast.

Whether you’re racing the clock on a solar build or eyeing a historic rehab project, this episode helps you rethink what’s urgent, what’s expanding, and how to stay ahead.

What We Covered:

🌬️ Wind and solar face a ticking timer
The One Big Beautiful Bill Act ends key IRA tax credits for wind and solar placed in service after 2027, unless construction begins before July 4, 2026. A July 7 Executive Order further complicates the rules, calling for new guidance and stricter eligibility standards. Compliance just got a lot more complex.

📉 FEOC rules shake up supply chains
New “foreign entity of concern” (FEOC) restrictions disqualify projects based on ownership and even supplier relationships—adding a new layer of diligence and risk for developers.

🏘️ LIHTC delivers a rare bipartisan win
The bill gives permanent momentum to affordable housing, boosting the 9% credit allocation by 12% and lowering the bond test for 4% deals from 50% to 25% starting in 2026. These enhancements expand access and simplify financing structures for developers.

🏛️ Historic tax credits heat up in the states

• Maine doubled its HTC cap to $10M/year for the first two years of a 4-year period—helping larger projects pencil.
• Delaware extended its HTC program through 2031, keeping its $8M annual cap and offering long-term confidence for preservation-focused developers.

Key Takeaways:

• Developers must act fast to qualify for wind and solar credits before 2027.
• FEOC compliance is now mission-critical for energy deals.
• Affordable housing is getting easier—and more lucrative—to finance.
• State-level historic tax credit programs are creating long-term certainty and new project potential.

Final Thoughts:

The clock is ticking on clean energy, but not all the news is grim. Affordable housing and historic preservation are enjoying rare stability and support—even as developers adapt to major federal shifts. Knowing where the pressure lies—and where the opportunities grow—is the name of the game.

🎧 Listen to the full episode:
One Big Bill. Two Big Winners. One Giant Mess.

📩 Want to buy, sell, or strategize credits?
Email us at team@fallbrookfinance.com with subject line: “Tax Credit Talk sent me.”

Fallbrook Financial Services has placed over $6 billion in credits across renewable energy, housing, film, brownfields, and more. We’re here to help you make your credits count.