Thanks to the Inflation Reduction Act’s “elective pay” (often called “direct pay”) provisions, tax-exempt and governmental entities will, for the first time, be able to receive a payment equal to the full value of tax credits for building qualifying clean energy projects. Unlike competitive grant and loan programs, in which applicants may not receive an award, direct pay allows entities to get their payment if they meet the requirements for both direct pay and the underlying tax credit.
Link provided below to learn more:
Direct Pay | Clean Energy | The White House
Churches, non-profit organizations, schools, and municipalities all benefit from solar through reduced electricity expenses, payment equal to tax credit value through the new direct pay provision and leading by example through the transition to sustainable energy generation!
