Everything Solar Forum

Does anyone know of any updates for the elective pay (a.k.a. direct pay) process?  (i.e., re: non-profits accessing the benefit of the 30% ITC through direct pay for solar installations.)  The latest I've heard is that the paperwork/procedures would be up and running by "the end of 2023" and that is quickly approaching.  

Hi Adam, thanks so much for asking this! I spoke with our incredible Policy Chair, @Gilbert Michaud, and he kindly shared the following information:

Please see the White House website that walks folks through the steps with a sample timeline: https://www.whitehouse.gov/cleanenergy/directpay/. 

Here's an IRS website with many links as well: https://www.irs.gov/newsroom/irs-releases-guidance-on-elective-payments-and-transfers-of-certain-credits-under-the-inflation-reduction-act?mc_cid=c227bcd6b5&mc_eid=8e55edf05f. 

Lastly, please see a good article by EESI that includes a lot of data, and links, and also has a timeline: https://www.eesi.org/articles/view/direct-pay-nonprofits-can-now-benefit-from-clean-energy-tax-credits. 

Please let me know if we can provide any additional information; thanks so much!

Does anyone know of any updates for the elective pay (a.k.a. direct pay) process?  (i.e., re: non-profits accessing the benefit of the 30% ITC through direct pay for solar installations.)  The latest I've heard is that the paperwork/procedures would be up and running by "the end of 2023" and that is quickly approaching.  

Thank you so much, Ella, this is super helpful!

Hi Adam, thanks so much for asking this! I spoke with our incredible Policy Chair, @Gilbert Michaud, and he kindly shared the following information:

Please see the White House website that walks folks through the steps with a sample timeline: https://www.whitehouse.gov/cleanenergy/directpay/. 

Here's an IRS website with many links as well: https://www.irs.gov/newsroom/irs-releases-guidance-on-elective-payments-and-transfers-of-certain-credits-under-the-inflation-reduction-act?mc_cid=c227bcd6b5&mc_eid=8e55edf05f. 

Lastly, please see a good article by EESI that includes a lot of data, and links, and also has a timeline: https://www.eesi.org/articles/view/direct-pay-nonprofits-can-now-benefit-from-clean-energy-tax-credits. 

Please let me know if we can provide any additional information; thanks so much!

Does anyone know of any updates for the elective pay (a.k.a. direct pay) process?  (i.e., re: non-profits accessing the benefit of the 30% ITC through direct pay for solar installations.)  The latest I've heard is that the paperwork/procedures would be up and running by "the end of 2023" and that is quickly approaching.