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Thank you for your support and interest. This website has been retired. Content has not been updated and may not reflect current tax laws or regulations. It should not be relied upon for current information on clean energy tax credits. Best of luck in your endeavors.
Direct Pay Basics
The OBBBA changed the placed in service deadlines for qualifying wind and solar projects, added foreign entity of concern rules, and an Executive Order eliminated the 5% safe harbor for beginning of construction. This area is evolving rapidly. Be sure to contact your tax advisor.
The IRA created game-changing new funding
for clean energy tax credits and provided a mechanism for tax-exempt entities to receive "refunds" directly from the IRS.
Tax-exempt organizations no longer have to sacrifice a big chunk of tax credit value to partnership investors and transaction costs. This is a tremendous opportunity and will make your projects more affordable.
Eligible technologies include: solar, wind, electric vehicle charging infrastructure, electric vehicle purchases for government fleets, battery storage, and more.
Investment Tax Credits (ITCs) may equal 30%–70% of the cost of the energy facility.
Production Tax Credits are paid per kilowatt-hour produced over the first 10 years of the clean energy project's life.
Credits are reduced for tax exempt entities that don't meet domestic content rules or satisfy exceptions, starting in 2024.