ACCESS Newswire·Nov 11, 2026, 5:01 PM ET

KeyState Closes $98.6 Million ITC Transfer Transaction, Expanding Community Bank Access to Large-Scale Tax Credit Investments

KeyState closed a $98.6 million investment tax credit (ITC) transfer transaction tied to a utility-scale solar project in the Southeast on November 11, 2026.
The transaction enabled a group of community banks to purchase ITCs from an investment-grade regional bank via KeyState's SOLCAP platform.
SOLCAP bridges the gap between community banks seeking smaller investments of $5 million to $20 million & larger transactions available from institutional sellers.
The investment-grade regional bank provided guaranty & indemnification supporting the transferred tax credits generated by a national renewable energy developer.
KeyState manages the entire ITC transfer process, including sourcing, underwriting, negotiating terms, coordinating diligence, closing, & managing reporting requirements.
Since launching in 2019, KeyState's SOLCAP platform has facilitated over $1 billion in tax credit investments across more than 200 renewable energy projects.
KeyState serves more than 140 community banks & 200 companies nationwide, with headquarters in Las Vegas & offices in Delaware, Colorado, & Vermont.