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Quality for Tax Credits

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233 Needham Street
Suite 510
Newton, MA 02464

Tel: (781) 325-8485
Fax: (617) 431-2270


Renewable Energy Credits - Energy Efficiency Tax Credits

There are two federal tax credits for renewable energy,

1. Federal investment tax credit (ITC), which amounts to approximately 30% of the cost of construction of renewable energy facilities.

2. Production tax credit (PTC) or renewable energy credit (REC), which is given for each unit of renewable energy produced
Solar Energy Tax Credits

These tax credits have been designed to incentivize the development, deployment and production of renewable energy technology. Federal tax incentives for renewable energy projects are designed to subsidize the costs of construction of renewable energy facilities; to stimulate the economy by creating jobs in renewable energy exploration; to encourage investment in socially responsible forms of energy production; and to encourage investment in renewable energy research and development.

See How We Can Help

Cherrytree Group LLC can help you determine if you qualify for tax credits, grants, or other incentives, analyze your financial projections and development costs, as well as guide you through the process of applying for and securing tax credit awards, as well as syndicating the tax credits. ITC's, are non-transferrable and require an IRS sanctioned partnership structure for the use of the tax credits. We are able to structure these entities and syndicate ITC's using our structure. PTC's, or REC's, on the other hand, once generated can be sold in order to receive revenue for the producer of the renewable energy. This source of revenue subsidizes the operating costs of a renewable energy facility.

These transactions typically require a lawyer, an accountant, a consultant, and an investor (usually secured by a syndicator). The Cherrytree Group LLC can act as the consultant, investor, or syndicator, adding efficiency to your transaction, saving you time and money.


“The Cherrytree Group is a smart and innovative group of professionals that can create tax value where none exists and capitalize on opportunities that others cannot. I would strongly recommend working with them when such an opportunity presents itself!”

- Bobby Ryter

"The Cherrytree Group was instrumental in recouping the Brownfields Tax Credits. Their staff is excellent and they were particularly helpful in putting the documents together to help me maximize my return."

- Bob Denisco