Crayhill Capital Management has introduced its Tax Equity Bridge Lending (TEBL) program to help solar, wind, and battery developers fast-track projects in order to meet the latest federal Investment Tax Credit (ITC) and Production Tax Credit (PTC) requirements. Under the One Big Beautiful Bill Act, projects must either begin construction by July 4, 2026 or be placed in service by December 31, 2027 to qualify for these incentives. Recent executive orders have further tightened standards, requiring projects to demonstrate “substantial portion” completion rather than relying on preliminary work to meet the “begun construction” threshold. 

The TEBL program offers $50 million to $500 million in facilities for pre-construction activities, enabling developers to combine lending and development capital in a single structure. This approach increases upfront proceeds, reduces project equity requirements, and helps secure key equipment ahead of potential supply chain bottlenecks. According to Shweta Kapadia, managing director at Crayhill, “The convergence of mounting regulatory pressure and explosive AI-driven power demand places an unprecedented level of urgency on renewable energy developers.” 

Crayhill—whose track record includes supporting nearly 20 GW of new power generation over the past decade—designed the program to help developers meet the “substantial portion built” standard, mitigate execution risks, and position projects to serve the surging utility-scale electricity needs of AI infrastructure. Founded in 2015, the firm has deployed over $4 billion across more than 50 transactions, specializing in asset-based finance strategies.