Can anyone shed light on the rule making by the federal government that reimburses a 501c(3) for 30% of the installation cost for a PV system?

I am helping a church review a final proposal and the 30% rebate is a go no-go factor.

1. Have the rules still not been written?
2. If not, what is the promised date they will be written?
3. Any idea how the process of applying will work? Does the installer have to participate in the application?
4. Is there risk that the offer will disappear even if installed this calendar year?

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William,

Thanks for reply. However, it doesn't address my questions.

I think what you note is the legislation. I am seeking the rules and procedures by which one applies for the Direct Payment. I know a couple months ago the rules had not been written yet.

Best,

010001884e93e6a0-9f404797-fbd7-4488-8a44-e33efd83c79c-000000@email.amazonses.com">

www.energy.gov/eere/solar/... Extracted section: "How can tax-exempt organizations benefit? Organizations that don't pay federal taxes, like...

ASES Online Community Daily Digest Everything Solar Forum Post New Message Re: 30% direct payment to non-profits for solar install ? Reply to Group via Email Reply to Group Online Reply to Sender May 24, 2023 9:23 AM william fitch www.energy.gov/eere/solar/... Extracted section: "How can tax-exempt organizations benefit? Organizations that don't pay federal taxes, like non-profits or local governments, can take advantage of the tax credits through either direct pay or a transfer of credit. Direct pay option: Tax-exempt organizations (i.e. non-profits), states, municipalities, the Tennessee Valley Authority, Indian Tribal governments, any Alaskan Native Corporation, and any rural electric cooperative can receive a refund from the IRS for tax credits on projects placed in service after 2022.[22] Projects starting construction in 2024 and 1 MW or above must meet domestic content requirements or may only receive a refund of 90% of the tax credit. This percentage lowers to 85% for projects starting construction in 2025 and 0% for projects starting construction after 2025. A penalty of 20% may apply where excess payments are requested and made by the IRS.[23] Individuals and for-profit corporations eligible for the ITC and PTC may only use them against federal taxes owed in a given year and therefore the credits are not refundable (though they may be rolled forward). Transfer of credit: Eligible taxpayers who are not eligible for direct payment, may sell all, or a portion, of the tax credits for a given year to an unrelated[24] eligible taxpayer. Payments for the credit must be made in cash and are not considered gross income, for federal purposes (i.e. no federal taxes are owed on receiving the payment and no deduction is available to the tax credit buyer for making the payment). A penalty of 20% may apply where excess credits are claimed.[25]" ------------------------------ william fitch Owner www.WeAreSolar.com ------------------------------   Reply to Group Online   Reply to Group via Email   View Thread   Recommend   Forward   Flag as Inappropriate   ------------------------------------------- Original Message: Sent: 05-23-2023 10:06 AM You are receiving this message because you followed the '30% direct payment to non-profits for solar install ?' message thread. To unsubscribe from this message thread, go to Unsubscribe. Update your email preferences to choose the types of email you receive Unsubscribe from all participation emails