Direct Pay for Not-for-Profits

About this episode

This episode discusses the direct pay program for not-for-profits introduced by the Inflation Reduction Act, allowing tax-exempt organizations to benefit from energy tax credits.

The Inflation Reduction Act of 2022 (IRA) opened the direct pay program for not-for-profit or tax-exempt organizations to qualify for energy tax credits if they were investing in clean energy solutions. Before the IRA, there were clean energy tax credits available to tax-paying entities to take advantage of, but tax-exempt organizations couldn’t reap any benefits when choosing to invest in energy enhancements. The Internal Revenue Service (IRS) often releases new guidance on energy tax credit...

Topics covered

• energy tax credits
• not-for-profit organizations
• clean energy
• Inflation Reduction Act
• IRS guidance

Keywords

• Inflation Reduction Act
• energy tax credits
• not-for-profit
• tax-exempt organizations
• clean energy

Mentioned in this episode

Organizations: Inflation Reduction Act of 2022, IRS, not-for-profit, tax-exempt organizations, clean energy solutions

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