KeyState Closes Major ITC Transfer Deal Expanding Community Bank Access

LAS VEGAS, November 11, 2026 /CourierPR/ -- KeyState, a leading provider of tax-advantaged investment solutions for financial institutions, has closed a $98.6 million investment tax credit (ITC) transfer transaction tied to a utility-scale solar project in the Southeast. This transaction marks an expansion of community bank access to large-scale ITC investments, demonstrating how KeyState's SOLCAP tax credit platform bridges the gap between community banks and established institutional sellers.

Through its SOLCAP platform, launched in 2019, KeyState facilitated the purchase of the ITCs by a group of community banks from an investment-grade regional bank. The transaction involved the community banks gaining access to larger transactions from established institutional sellers, with the investment-grade regional bank providing the guaranty and indemnification supporting the transferred tax credits.

The transferred ITCs were generated by a utility-scale solar project developed and constructed by a large national renewable energy developer. KeyState supports community banks throughout the ITC transfer process, including sourcing opportunities, underwriting, negotiating transaction terms, coordinating diligence and closing, and managing ongoing reporting requirements.

KeyState, founded in 1991, serves more than 140 community banks and more than 200 companies nationwide. Through its SOLCAP platform, the company has facilitated more than $1 billion in tax credit investments across more than 200 renewable energy projects. KeyState's innovative investment and insurance solutions are designed to have a meaningful impact on earnings, supporting the growth and development of community banks and renewable energy projects.

The transaction underscores KeyState's commitment to expanding community bank access to large-scale tax credit investments, providing a critical bridge between smaller financial institutions and larger, institutional investors.