Crux Climate, a marketplace software company founded in 2023, has stated that total Inflation Reduction Act (IRA) transferable tax credit transactions in 2023 came to between $7 billion and $9 billion, mostly after June, when the Treasury released guidance on the tax credit transferability mechanism. According to Crux Climate, interest is still accelerating into 2024, with H2 2023 still being a phase of testing the waters. That would logically mean that 2024 transfers will reach $18 billion at a bare minimum, but likely much more. The average price was between $0.92 and $0.94 per tax credit dollar, which Crux acclaims as a sign of confidence, although the favorable comparison it chooses is with the Low-Income Housing Tax Credit (LIHTC) system.…