Empact Technologies Announces Multi-Year Tax Credit and State Incentive Compliance Management Agreement with Bullrock

Empact to enable Bullrock’s extensive project portfolio to qualify for tax credits under the Inflation Reduction Act and incentives administered by the State of New York

Press Release | May 2025 

Montgomery, TX and South Burlington, VT (May 7, 2025) – Empact Technologies (Empact), a leading provider of tax credit incentive compliance management software and services, announced a new multi-year agreement with Bullrock, a developer, builder, financier, and operator of solar projects throughout the northeast.

Under the terms of the agreement, Empact will manage Bullrock’s compliance with the requirements of the IRA and incentives administered by the New York State Energy Research and Development Authority (NYSERDA), starting with 30 projects totaling 135 MW in late-stage development, construction, or operation.  Beyond these projects, Bullrock is quickly moving to develop its nearly 500 MW pipeline.

“We have many projects across multiple states, and look forward to working with Empact to ensure that they can access all available incentives,” said Gregg Beldock, Bullrock CEO. “We were impressed with Empact’s powerful platform, deep bench of technical and regulatory expertise, and ability to move quickly. Empact provides the rigorous process, detailed documentation, and robust certification that our financing partners expect.”

Empact will work with Bullrock’s Engineering, Procurement and Construction (EPC) firms, subcontractors, and key suppliers of steel and iron products, solar modules, trackers, and inverters to ensure compliance with state and federal requirements around Prevailing Wage & Apprenticeship and domestic content. Empact’s coverage will cover all activities from pre-construction contracting to major alterations and repairs during operations.

“We’re excited to help Bullrock meet the requirements of both the IRA and NYSERDA,” noted Charles Dauber, CEO and Founder of Empact. “The team at Bullrock had the leadership and foresight to recognize the significant risks of IRA non-compliance and the need to have a third-party compliance management in place. We look forward to helping Bullrock fully leverage the tax credits and state incentives to develop and build 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 Bullrock
Bullrock is a vertically integrated renewable energy investment platform. The company was born out of Bullrock’s long history across renewables, construction, real estate development and healthcare and NxtGenREA’s deep experience in solar development and tax equity financing. Bullrock has developed over 500 MW to date, deployed over $2B in capital across the clean energy space, and is quickly moving to develop its 500 MW pipeline. Our success is a testament to our uniquely integrated model which allows us to build, operate, finance and manage energy assets at scale. We are proud to accelerate the energy transition through our pioneering approach to development while supporting local communities and securing American energy independence. To learn more, please visit: http://www.bullrockcorp.com