Specialists in Federal and State tax credit programs for commercial solar installations, remediation of Brownfields properties and rehabilitation of historic buildings.
State and Federal governments want to encourage businesses and individuals to generate renewable energy, clean contaminated lands and renovate historic or low-income properties. Enlightened developers and investors can sharply reduce their equity needs and achieve significant tax savings by taking advantage of tax credit programs meant for conscientious development. At Cherrytree, we can show you how.
A $50 Million Portfolio
Cherrytree Group currently owns, operates and is developing dozens of renewable energy projects totaling 30MW of power generation. Our investors benefit from passive income for up to 25 years and the potential of significant capital gains.
Recent IRR/ROI projections for our renewable energy partnerships and historic building partnerships show that when depreciation and cash flow are factored in, an investor’s net return will likely range from 40 – 54% — extremely attractive for those investors who have incurred passive income tax liabilities.
Federal Tax Credits
Cherrytree has developed a premier (first-in-the-industry) platform to bring the same tax credits to individuals and closely-held companies that large institutions and multinational companies have relied on for decades. Our specialty is in creating and managing partnerships for projects generating $10 million or less in tax credits, depreciation and cash flow. These partnerships are ideal for non-institutional investors who have significant passive income to be able to properly use the tax credits.
State Tax Credits
For clean-up of contaminated land (brownfields) and historic property development, Cherrytree handles transactions of all sizes — including some of the largest state credits ever issued. Our state tax credit investors include medium-size investors, large institutional companies, fortune 500 companies, and multinational corporations. U.S. states we serve include Massachusetts, New York, New Jersey and Florida.
Transferable Tax Credits
The Inflation Reduction Act (IRA) allows the transfer of solar tax credits without the need for partnership with real estate developers and owners. Cherrytree serves as a “matchmaker” between developer and investor – creating a win-win for developers and tax credit buyers. The IRA program ends in 2027, so this is a “last chance” for investors to to take advantage.
Analyze
Developers: we’ll show you the best path to maximize your tax credit eligibility — and demonstrate how to benefit even if you can’t use the credits yourself. Investors: we’ll arrange a partnership with a developer to utilize tax credits and depreciation to reduce your tax liabilities.
Facilitate
We put together the package. With a thorough and up-to-date knowledge of the rules and regulations, we’ll make sure your pathway to success remains clear. Our syndication services are tried and tested, and are supported by a team of experienced professionals.
Manage
All application and compliance actions are undertaken by our office, leaving you free to do what you do best: work on your project. For investors, we’ll work with your CPA and/or legal team to structure the deal so it’s perfect for you.
Consult
You’re never alone in the process. Our team shoulders the burden, yet keeps you notified as to progress and milestones. And if you need advice on an existing tax credit project, we’re always happy to help.
We practice what we preach.
When the Cherrytree team outgrew our headquarters in Newton Highlands (just outside of Boston), we didn’t just look for an office building. We searched for —and finally found — a wonderfully historic building, conveniently located in the Auburndale neighborhood of Newton. The building needed much work, but we used our tax credit expertise to benefit from Federal and State tax credits for historic renovation, and are in the beginning stages of planning renewable energy systems which will yield even more tax credits. It’s a microcosm of what we accomplish for our clients every day, and we’re proud to be able to preserve a beautiful building in the Greater Boston community.
Let us help you
