Tax Credit Investments

Enhanced Capital monetizes tax credits for project developers, pairing projects with investors who receive tax benefits under the US tax code, along with potential return opportunities.

Tax Credit Investments Products:

Federal and State Historic Tax Credits and New Markets Tax Credits
State Textile Mill Tax Credits, Abandoned Building Tax Credits, Brownfield Remediation Tax Credits, and Riverfront Historic Tax Credits (River Edge)
Federal Renewable Energy Tax Credits

Enhanced has financed:

Over $800 million in state and federal tax credit financing towards the rehabilitation of historic buildings
Over $500 million in Renewable Energy Tax Credits

Solar of Alamosa
Project Spotlight
Solar of Alamosa
San Luis Valley, CO
Federal Renewable Energy Tax Credits
Located in Colorado's San Luis Valley, Solar of Alamosa is a 34-megawatt photovoltaic solar generation system originally built in 2012. Following an unexpected, accelerated degradation of its specialized solar collection system, the project was acquired in 2022 by Whetstone Power and an affiliate of Rosemawr Sustainable Infrastructure Management to extend the project's lifespan and improve performance. Financing provided by Enhanced Capital supported the repowering effort through the installation of modern solar panels, inverters, and wiring while retaining high-performing components like trackers and transformers. Upgrades to the project's 504 dual-axis towers were made in phases to ensure continuous clean energy generation. Once fully repowered, the project is expected to generate over 83 million kilowatt-hours of clean energy for off-takes in its first year of operation.
ForeFront Power
Project Spotlight
ForeFront Power
MARYLAND & NEW YORK
TAX CREDIT INVESTMENT: FEDERAL SOLAR INVESTMENT TAX CREDITS
In May 2019, Forefront Power, a solar and energy storage company, received financing from Enhanced Capital to develop a solar portfolio consisting of 13 projects. The projects represent a combined estimated capacity of 34.5 MWdc. ForeFront Power's leading approach to solar development focuses on wholesale power, behind-the-meter, and community energy solutions to suit varied public and private sector customers as well as home subscriptions. In addition, the Company strives to assist its customers in their CSR, environmental, and energy goals while also serving the local economy by employing local contractors for our renewable energy projects.
Bottleworks District
Project Spotlight
Bottleworks District
INDIANA
Tax Credit Investment: INDIANA INDUSTRIAL RECOVERY TAX CREDITS, FEDERAL HISTORIC REHABILITATION TAX CREDITS
In 2020, Enhanced Capital participated in the Bottleworks District redevelopment project to transform the iconic Coca-Cola Bottling Plant into a 12-acre urban mixed-use development in downtown Indianapolis. Bottleworks will serve as a culinary, arts, and entertainment hub, featuring the city's first food hall, a boutique hotel, unique residential options, as well as 180,000 square-feet of flexible office space and 175,000 square-feet of prime retail space. The development aims to build a legacy, showcase local talent, and create authentic experiences that fill the city with pride while also generating economic activity and job opportunities. The first of four phases was completed in January 2021.
Solar Landscape
Project Spotlight
Solar Landscape
New Jersey
TAX CREDIT INVESTMENT: Federal Solar Investment Tax Credits, Opportunity Zone Equity
In 2020, Enhanced Capital financed several solar projects developed by Solar Landscape, a family-owned business that has completed over 100 solar projects. The portfolio consists of three community roof-top solar systems with 8.6 megawatts of renewable energy generating capacity. In the first year of operation, the projects are expected to produce over 9.9 million kilowatt-hours of zero-emissions electricity for the community. The projects are also located in designated Qualified Opportunity Zones in New Jersey.
McDonogh 19
Project Spotlight
McDonogh 19
Louisiana
Tax Credit Investment: Federal & State Historic Rehabilitation Tax Credits, Federal New Markets Tax Credit Allocation
In 2020, Enhanced Capital proudly collaborated with Alembic Community Development and Leona Tate Foundation for Change (LTFC) to support the McDonogh 19 Elementary School's redevelopment into the Tate, Etienne & Prevost (TEP) Center, named after the three young African-American girls who were part of the schools' historic integration in 1960. The TEP Center, located in New Orleans' Lower Ninth Ward, will have 25 affordable apartments for seniors, the People's Institute for Survival and Beyond with anti-racism curriculum, and the TEP Interpretive Center and museum operated by LTFC.
Mural Arts Lofts
Project Spotlight
Mural Arts Lofts
Pennsylvania
Tax Credit Investment: Federal Historic Tax Credits
Enhanced Capital helped transform a long-vacant building in Philadelphia, previously known as the Thaddeus School, into an expansive residential complex with modern amenities. Now known as the Mural Arts Lofts, the renovated building also contributes to a vibrant downtown community, serving as the cornerstone for Mural Arts, the largest public art program in the country.