NEW FACT SHEET! Inflation Reduction Act Clean Energy Tax Credits: Elective (Direct) Pay for Non-Taxable Entities

Here’s how tax-exempt entities can put IRA tax credits to work!

The Inflation Reduction Act of 2022 reauthorized a wide array of clean energy tax credits through 2033 and also
enabled non-taxable entities to access those tax credits directly through a process called Elective Pay (also known
as Direct Pay).

Eligible entities include tax-exempt organizations, state and local governments and their agencies and
instrumentalities, school districts, tribal governments, and consumer-owned utilities.

Download and share this Fact Sheet here.


Posted: January 23, 2024


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Kristine Kopperud

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