Direct Pay(Elective Pay) Tax Credit Opportunity For Non Profits

Through expanded efforts to allow more participants to benefit from renewable energy and
the clean energy revolution, the Inflation Reduction Act has enacted new guidance on what
was traditionally coined as the “Renewable Energy Tax Credit.” The Federal ITC(Income Tax
Credit), was previously only of benefit to profit or income-bearing individuals, businesses
and entities.
The “Direct Pay Initiative” allows non-profit organizations to also benefit from renewable
energy investments by monetizing the Tax Credit.
Systems and applicable projects include;

• Solar, battery, wind, and geothermal(Both Roof and Ground-Mounted), both off-
  site and on-site installations
• Electric Vehicle Charging Equipment
• Electric Vehicles for state or city fleets
• And more…
  Eligible Entities Include;
• States and Local Municipalities
• Churches
• Schools
• Tribal and Native Entities
• Rural Cooperatives
• Other 501(c)(3), 501(d), and 501(a) non profits

For a full list of applicable projects please see the link here for “Clean Energy Incentives: Elective Pay Eligible Tax Credits”
For more information on eligibility for the Elective Pay/Direct Pay Initiative Please Click Here
For a full scope of the Direct Pay Initiative Please See the Attached Press Release @ Whitehouse.Gov
For more information, www.SolarPowerNewEngland.Com