Empact Technologies Announces Tax Credit and State Incentive Compliance Management Agreement with Cypress Creek Renewables
Empact to ensure Cypress Creek’s projects qualify for federal tax credits and incentives administered by the State of Washington
Press Release | March 2025
Montgomery, TX and Santa Monica, CA (March 27, 2025) – Empact Technologies (Empact), a leading provider of tax credit incentive compliance management software and services, announced a new agreement with Cypress Creek Renewables (Cypress Creek), a developer, financier, executor, and owner operator of solar and energy storage projects nationally.
Under the terms of the agreement, Empact will manage compliance with federal requirements and incentives administered by the State of Washington’s Department of Revenue for projects in late-stage development and construction. Beyond these projects, Cypress Creek has a more than 20GW solar and energy storage development pipeline nationally.
“We look forward to working with Empact to ensure that our projects comply with state and federal requirements, and to ensure that our tax equity partners have what they need to complete diligence and close the transaction,” said Michael Herfurth, Executive Vice President of Engineering, Procurement, and Construction (EPC) at Cypress Creek. “We appreciate Empact’s regulatory and technical expertise, and ability to mobilize quickly on a project that is about to start construction.”
Empact will work with Cypress Creek’s EPC team and contractors to ensure compliance with state and federal requirements around Prevailing Wage & Apprenticeship. Empact’s services will cover all activities from pre-construction contracting to major alterations and repairs during operations.
“We’re excited to help Cypress Creek meet federal requirements and Washington State’s sales and use tax exemption,” noted Charles Dauber, CEO of Empact. “We look forward to working with Cypress Creek to fully leverage the tax credits and state incentives to develop and deploy their project development pipeline.”
About Empact
Empact Technologies helps clean energy projects secure tax credits and other incentives with the industry’s premier compliance management platform. Empact combines proprietary SaaS technology with professional services, enabling projects to meet regulatory requirements for prevailing wage and apprenticeship, domestic content, energy communities, and low-income communities adders, as well as other incentives administered by state governments. Empact currently has more than 10 GW of projects, covering solar, storage, wind, and RNG under contract. For more information, please visit https://www.empacttechnologies.com.
About Cypress Creek Renewables
Cypress Creek Renewables is a leading renewables developer and independent power producer. It develops, finances, owns, and operates utility-scale and distributed solar and energy storage projects across the United States with a mission to power a sustainable future, one project at a time. Since inception, Cypress Creek has commercialized 12GW of solar projects. Today it owns more than 2GW of solar and has a more than 20GW solar and storage pipeline. Cypress Creek’s leading O&M services business, Cypress Creek Solutions, operates and maintains more than 4GW of solar projects for customers across 24 states.