[e.g., "Stacking storage revenue under an ITC tax-equity flip"]
[one line: monetizing a hybrid's stacked revenue while threading a partnership flip]
![[e.g., "Stacking storage revenue under an ITC tax-equity flip"]](/__l5e/assets-v1/68b34b51-5b41-44ea-a6b0-cfd9e5a5d0ef/solar-bess-hero.png)
01
Project Snapshot
- Asset
- [solar + BESS hybrid]
- Size
- [e.g., 150 MWdc / 100 MWh]
- Market
- [e.g., CAISO]
- Revenue
- [energy + arbitrage + capacity + ancillary]
- Tax
- ITC
- Structure
- [tax-equity partnership flip]
- Interconnection
- [shared/hybrid POI]
02
The Challenge
[Valuing a stacked, partly-merchant storage revenue stream and running it through an ITC partnership-flip waterfall, with hybrid interconnection constraints like clipping and a shared point of interconnection.]
03
The Approach
- 01
[Build the revenue stack: arbitrage, capacity, ancillary]
- 02
[Choose ITC over PTC and size it]
- 03
[Model the tax-equity flip: allocations, target IRR, flip date]
- 04
[Handle hybrid interconnection / clipping]
- 05
[Size debt alongside tax equity]
04
Inside the Model
[Describe the revenue-stack build and the flip waterfall.]
[ Image placeholder — Revenue stack by stream + tax-equity flip waterfall ]
05
Results at a Glance
[Sponsor IRR pre/post-flip][Tax-equity IRR][Flip year][DSCR][Revenue split]
06
What This Demonstrates
- Storage revenue stacking
- ITC & tax-equity flip structuring
- Hybrid solar+storage economics
- Debt + tax-equity sizing
07
Key Takeaway
[Idea + mechanism, two sentences.]
Illustrative case built on representative data; not based on any confidential or client transaction.