Email alex@bpetx.com to discuss your tax credit needs!
About Us
About The Founder: Alex Gupta
Alex Gupta founded Break Point Energy because he believes that new players will need to take an active role in the United States energy transition for the country to meet its climate change goals. Alex is focused on using his industry expertise to forge a smooth and simple sale experience for buyers and sellers of clean energy tax credits.
Alex brings a wealth of clean energy tax credit knowledge from his previous credit roles at Bank of America and GE Capital where he underwrote over $1 billion of tax equity investment in over 2,000 megawatts of wind, solar, and battery storage projects in the United States. In this capacity, Alex led the due diligence process related to the qualification and value of Internal Revenue Code Section 45 Production Tax Credits and Section 48 Investment Tax Credits.
Prior to working as a banker, Alex worked as an engineering project manager at Spectra Energy where his team developed the company's first grassroots natural gas reservoir storage project and the industry's first large diameter natural gas pipeline into Manhattan, New York City in over 60 years.
Alex earned both a Bachelor of Science degree in Mechanical Engineering and an MBA from the University of Texas at Austin.
Tax Credit Transferability: A Brand New Market
Prior to 2023, United States law required tax credits generated from clean energy projects to be used by the project owners. As a result, project developers who were unable to monetize project tax credits often co-owned the projects with tax equity investors who had tax liabilities large enough to use the tax credits.
The Inflation Reduction Act of 2022 updated the law to allow and encourage the "transferability" or sale of clean energy tax credits to entities unrelated to the projects. This legislation has unlocked tremendous opportunity for developers who have been unable to access the limited amount of tax equity investment in the market and new prospective buyers who would like to earn a significant economic return while supporting renewable energy development.