1Q2025 Market Update

In this quarterly update to our industry-leading market intelligence reports, Crux clients and partners can get an exclusive overview of the latest policy and market updates in the transferable tax credit market. Based on Crux's $30 billion tax credit transaction database, the quarterly update examines:

• Indicative quarterly pricing.
• Quarterly market trends, including an overview of the first quarter of 2025.
• The latest policy updates impacting the transferable tax credit market.
• A look ahead: What to expect in the rest of 2025.