This Privacy Policy describes Our policies and procedures on the collection, use, and disclosure of your information when you use the Service and tells you about your privacy rights and how the law protects you.
We use your personal data to provide and improve the Service. By using the Service, you agree to the collection and use of information in accordance with this Privacy Policy.
The words of which the initial letter is capitalized have meanings defined under the following conditions. The following definitions shall have the same meaning regardless of whether they appear in singular or in plural.
For the purposes of this Privacy Policy:
Account means a unique account created for you to access our Service or parts of our Service.
Company (referred to as either “the Company”, “We”, “Us” or “Our” in this Agreement) refers to Greenprint Capital, LLC, 3570 Carmel Mountain R., Suite 420, San Diego, CA 92130.
Cookies are small files that are placed on your computer, mobile device or any other device by a website, containing the details of your browsing history on that website among its many uses.
Country refers to: United States
Device means any device that can access the Service such as a computer, a cellphone or a digital tablet.
Personal Data is any information that relates to an identified or identifiable individual.
Service refers to the Website.
Service Provider means any natural or legal person who processes the data on behalf of the Company. It refers to third-party companies or individuals employed by the Company to facilitate the Service, to provide the Service on behalf of the Company, to perform services related to the Service or to assist the Company in analyzing how the Service is used.
Usage Data refers to data collected automatically, either generated by the use of the Service or from the Service infrastructure itself (for example, the duration of a page visit).
Website refers to Greenprint Capital, LLC, accessible from https://greenprintcapital.com/
You means the individual accessing or using the Service, or the company, or other legal entity on behalf of which such individual is accessing or using the Service, as applicable.
Collecting and Using Your Personal Data
While using our Service, we may ask you to provide us with certain personally identifiable information that can be used to contact or identify you. Personally identifiable information may include, but is not limited to:
Email address
Usage Data
Usage Data is collected automatically when using the Service.
Usage Data may include information such as Your Device’s Internet Protocol address (e.g. IP address), browser type, browser version, the pages of our Service that You visit, the time and date of Your visit, the time spent on those pages, unique device identifiers and other diagnostic data.
When you access the Service by or through a mobile device, We may collect certain information automatically, including, but not limited to, the type of mobile device you use, your mobile device unique ID, the IP address of your mobile device, your mobile operating system, the type of mobile Internet browser you use, unique device identifiers, and other diagnostic data.
We may also collect information that your browser sends whenever you visit our Service or when you access the Service by or through a mobile device.
We use cookies and similar tracking technologies to track the activity on our Service and store certain information. Tracking technologies used are beacons, tags, and scripts to collect and track information and to improve and analyze our Service. The technologies we use may include:
Cookies can be “persistent” or “session” cookies. Persistent cookies remain on your personal computer or mobile device when you go offline, while session cookies are deleted as soon as you close your web browser.
We use both session and persistent cookies for the purposes set out below:
Necessary / Essential Cookies
Type: Session Cookies
Administered by: Us
Purpose: These cookies are essential to provide you with services available through the website and to enable you to use some of its features. They help to authenticate users and prevent fraudulent use of user accounts. Without these cookies, the services that You have asked for cannot be provided, and we only use these cookies to provide you with those services.
Cookies Policy / Notice Acceptance Cookies
Type: Persistent Cookies
Administered by: Us
Purpose: These cookies identify if users have accepted the use of cookies on the website.
Functionality Cookies
Type: Persistent Cookies
Administered by: Us
Purpose: These cookies allow us to remember choices you make when you use the website, such as remembering your login details or language preference. The purpose of these cookies is to provide you with a more personal experience and to avoid you having to re-enter your preferences every time you use the website.
For more information about the cookies we use and your choices regarding cookies, please visit our Cookies Policy or the Cookies section of our Privacy Policy.
The Company may use Personal Data for the following purposes:
To provide and maintain our Service, including to monitor the usage of our Service.
To manage Your Account: to manage Your registration as a user of the Service. The personal data you provide can give you access to different functionalities of the Service that are available to you as a registered user.
For the performance of a contract: the development, compliance and undertaking of the purchase contract for the products, items or services You have purchased or of any other contract with Us through the Service.
To contact You: To contact You by email, telephone calls, SMS, or other equivalent forms of electronic communication, such as a mobile application’s push notifications regarding updates or informative communications related to the functionalities, products or contracted services, including the security updates, when necessary or reasonable for their implementation.
To provide You with news, special offers and general information about other goods, services and events that we offer that are similar to those that you have already purchased or enquired about unless you have opted not to receive such information.
To manage Your requests: To attend and manage Your requests to Us.
For business transfers: We may use Your information to evaluate or conduct a merger, divestiture, restructuring, reorganization, dissolution, or other sale or transfer of some or all of Our assets, whether as a going concern or as part of bankruptcy, liquidation, or similar proceeding, in which Personal Data held by Us about our Service users is among the assets transferred.
For other purposes: We may use your information for other purposes, such as data analysis, identifying usage trends, determining the effectiveness of our promotional campaigns and to evaluate and improve our Service, products, services, marketing and your experience.
We may share your personal information in the following situations:
The Company will retain your personal data only for as long as is necessary for the purposes set out in this Privacy Policy. We will retain and use your personal data to the extent necessary to comply with our legal obligations (for example, if we are required to retain your data to comply with applicable laws), resolve disputes, and enforce our legal agreements and policies.
The Company will also retain usage data for internal analysis purposes. Usage data is generally retained for a shorter period of time, except when this data is used to strengthen the security or to improve the functionality of our service, or we are legally obligated to retain this data for longer time periods.
Your information, including personal data, is processed at the Company’s operating offices and in any other places where the parties involved in the processing are located. It means that this information may be transferred to — and maintained on — computers located outside of Your state, province, country or other governmental jurisdiction where the data protection laws may differ from those of your jurisdiction.
Your consent to this Privacy Policy followed by Your submission of such information represents Your agreement to that transfer.
The Company will take all steps reasonably necessary to ensure that Your data is treated securely and in accordance with this Privacy Policy and no transfer of your personal data will take place to an organization or a country unless there are adequate controls in place including the security of your data and other personal information.
You have the right to delete or request that we assist in deleting the personal data that we have collected about you.
Our Service may give you the ability to delete certain information about you from within the Service.
You may update, amend, or delete your information at any time by signing in to your account, if you have one, and visiting the account settings section that allows you to manage your personal information. You may also contact us to request access to, correct, or delete any personal information that you have provided to us.
Please note, however, that we may need to retain certain information when we have a legal obligation or lawful basis to do so.
If the Company is involved in a merger, acquisition, or asset sale, your personal data may be transferred. We will provide notice before your personal data is transferred and becomes subject to a different Privacy Policy.
Under certain circumstances, the Company may be required to disclose your personal data if required to do so by law or in response to valid requests by public authorities (e.g. a court or a government agency).
The Company may disclose Your Personal Data in the good faith belief that such action is necessary to:
The security of your personal data is important to us, but remember that no method of transmission over the Internet or method of electronic storage is 100% secure. While We strive to use commercially acceptable means to protect your personal data, we cannot guarantee its absolute security.
Our Service does not address anyone under the age of 13. We do not knowingly collect personally identifiable information from anyone under the age of 13. If you are a parent or guardian and you are aware that your child has provided us with personal data, please contact us. If we become aware that we have collected personal data from anyone under the age of 13 without verification of parental consent, we take steps to remove that information from Our servers.
If we need to rely on consent as a legal basis for processing your information and your country requires consent from a parent, we may require your parent’s consent before we collect and use that information.
Our Service may contain links to other websites that are not operated by us. If you click on a third-party link, you will be directed to that third party’s site. We strongly advise you to review the Privacy Policy of every site You visit.
We have no control over and assume no responsibility for the content, privacy policies or practices of any third-party sites or services.
We may update our Privacy Policy from time to time. We will notify you of any changes by posting the new Privacy Policy on this page.
We will let you know via email and/or a prominent notice on our service, prior to the change becoming effective and update the “Last updated” date at the top of this privacy policy.
You are advised to review this Privacy Policy periodically for any changes. Changes to this Privacy Policy are effective when they are posted on this page.
If you have any questions about this Privacy Policy, you can contact us:
Private credit—including tax credit bridge financing—is a bespoke, non-dilutive capital solution designed to meet the interim liquidity needs of renewable energy sponsors. These debt instruments typically are short- to medium-term and are secured by anticipated project milestones, tax credit transfer proceeds, or contracted cash flows.
With the rise of transferability under Section 6418 of the Internal Revenue Code, tax credit bridge loans have emerged as a critical tool for sponsors seeking to accelerate project timelines while awaiting tax credit monetization. These facilities provide sponsors with early access to capital during construction or before achieving commercial operation—without requiring immediate equity dilution or long-term commitments.
Private credit allows sponsors to scale quickly and enables institutional investors to capture senior yield with structured downside protection. Benefits include:
Interim Liquidity: Financing is secured against future tax credit proceeds, milestone payments, or contracted offtake, allowing sponsors to fund interconnection, procurement, or construction costs.
Custom Terms: Loan sizing, tenor, and repayment schedules are tailored to project-specific cash flows and anticipated credit transfer dates.
Senior Position:
Private credit facilities typically sit at the top of the capital stack, offering investors enhanced protection through covenants and collateral.
Tax Credit Alignment:
For tax credit bridge loans, repayment often is timed to coincide with the receipt of tax credit transfer proceeds, reducing refinance risk and optimizing capital efficiency.
Preferred equity is a hybrid investment structure that offers investors a senior claim to a project’s operating cash flows—while retaining the upside potential typically associated with equity ownership.
In clean energy infrastructure, preferred equity is increasingly favored by passive investors seeking stable returns, downside protection, and alignment with long-term asset performance.
Unlike debt, which is rigid in repayment schedules and often secured by liens on project assets, preferred equity is more flexible. It does not require fixed amortization and can accommodate the variable cash flows inherent to renewable energy projects. This flexibility makes it an ideal instrument for sponsors seeking capital without over-leveraging their projects or triggering restrictive debt covenants.
For investors, preferred equity delivers predictable income with control and strategic optionality. Benefits include:
Priority Distributions: Preferred returns are paid ahead of common equity, often structured as a fixed or target yield
Downside Protection: Sits above common equity in the capital stack, reducing exposure to project-level volatility
Flexible Exit Options: Can be structured with redemption features or convertible rights, providing tailored liquidity
Tax-Advantaged Yield: In certain structures, distributions may be treated more favorably than interest income
The Transfer Flip or T-Flip is a hybrid tax equity structure designed to combine the flexibility of tax credit transferability with the traditional mechanisms of a tax equity investment but tailored for large banks and financial institutions. It leverages the transferability provisions under Section 6418 of the Internal Revenue Code, allowing tax credits to be sold to unrelated parties for cash without the need to syndicate partnership interests.
Key Characteristics:
The T-Flip enables Sponsors and Investors to monetize up to 100% of a partnership’s tax credits through a direct transfer, generating liquidity without requiring the credit buyer to take an ownership stake in the underlying assets. Depreciation and cash flows still are allocated among the partners through a traditional flip structure, offering flexibility to achieve the desired project economics.
Partial or Full Tax Credit Transfer:
In a T-Flip, some or all of a partnership’s tax credits are transferred to an unrelated third-party tax credit buyer. This transfer monetizes the tax credits as they are generated at a predetermined price per credit, generating early liquidity that is then allocated to the members.
Warehousing by Financial Institutions:
Large banks or financial institutions often act as intermediaries, lending or investing capital in anticipation of an eventual tax credit sale, essentially “warehousing” the tax credits prior to their eventual transfer.
These institutions can either utilize the credits to offset their own tax liabilities, or cause the partnership to transfer the credits later to a buyer in their network of corporate taxpayers. This offers a tailored solution for buyers who need tax credits but prefer more flexible payment terms.
Benefits to Sponsors:
Immediate liquidity from a tax credit transfer allows sponsors to fund construction earlier and with fewer constraints compared to a traditional tax equity structure.
By working with financial institutions, sponsors gain access to both networks of potential tax credit buyers and enhanced market liquidity.
Advantages for Financial Institutions:
The T-Flip allows for precise management of tax positions and the bulk acquisition of tax credits while also enabling first looks at the best transaction opportunities.
Financial institutions also gain the flexibility to sell tax credits on demand to corporate taxpayers at favorable payment terms, aligning their interests with the buyers’ cash flow preferences.
Use Cases:
Large-Scale Projects: Utility-scale renewable energy projects requiring significant capital for construction.
Corporate Networks: Institutions with access to a broad base of corporate clients seeking tax liability offsets.
Flexible Financing: Tax credit buyers who value timing flexibility over immediate tax credit utilization.
Challenges:
Regulatory Compliance: Careful structuring is required to comply with tax credit transfer regulations under Section 6418.
Market Risk: Resale of tax credits depends on the tax positions of, and demand from, corporate taxpayers.
Why the T-Flip is Valuable:
The T-Flip provides a mechanism for project sponsors to access upfront capital without the constraints of a traditional equity investor while also giving financial institutions a tool to efficiently manage their inventory of tax credits. More broadly, the T-Flip helps increase overall clean energy investment by enhancing the flexibility and efficiency of tax credit monetization.
Because many project sponsors lack sufficient tax appetite to fully utilize available tax credits, tax equity is a critical source of capital for renewable energy developers. By partnering with a tax equity investor, sponsors can monetize these credits and reduce their cost of capital—thereby ensuring that more projects reach financial close.
Key Characteristics:
Tax equity is a project finance structure in which an investor—typically a large corporation with predictable U.S. federal tax liability—provides upfront capital to a renewable energy project in exchange for a majority share of the project’s tax benefits. These benefits generally include the Investment Tax Credit (ITC) or Production Tax Credit (PTC), along with depreciation (MACRS) and, in some cases, a portion of the project’s operational cash flows. Reflecting the predictable nature of tax equity returns, the Office of the Comptroller of the Currency (OCC) issued guidance in 2021 that characterizes tax equity arrangements as the functional equivalent of a loan for regulatory and accounting purposes.
Hybrid Tax Equity:
Hybrid Tax Equity refers to a financing structure in which elements of a traditional tax equity investment and direct monetization of tax credits are combined to optimize project financing. This approach leverages flexibility introduced by recent tax credit regulations, such as tax credit transferability, to help project sponsors and investors tailor financial arrangements that meet specific goals, including cash flows, risk management, and returns.
Incorporation of Tax Credit Transfers:
Under the transferability provisions of Internal Revenue Code Section 6418, projects can sell certain tax credits directly to unrelated taxpayers for cash. Hybrid structures incorporate this flexibility, allowing sponsors to monetize a portion of the tax credits through transfers while still attracting traditional tax equity investments for the remaining credits and operational cash flows.
Customization of Cash Flows:
Projects can split revenue streams, utilizing tax credit sale proceeds to generate upfront liquidity while traditional tax equity investors focus on other financial benefits, such as depreciation or operational income.
Hybrid models are particularly useful for managing timing mismatches between the need for near-term capital and tax credit availability.
Risk and Return Allocation:
The hybrid structure allows sponsors to diversify financing sources, allocating risk between tax credit buyers and equity investors.
Tax credit buyers typically require lower returns in exchange for assuming minimal project risk, while traditional tax equity investors may demand higher returns in exchange for broader risk exposure.
