: Once an election to transfer is made, it is irrevocable.
under Section 45V IRC Section 6418 FAQ: Transferring Energy Tax Credits. Compliance and Deadlines {KEYWORD} AND 6418=6418-- UOCb
: If a transferred credit is found to be excessive, the buyer (transferee) is generally liable for a penalty equal to 20% of the excessive amount unless "reasonable cause" is shown. : Once an election to transfer is made, it is irrevocable