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  • 1.  Elective pay/direct pay for nonprofits

    Posted 12-12-2023 09:35 AM

    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.  



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    Adam Rossi
    Sustainability coordinator
    Jerusalem Farm
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  • 2.  RE: Elective pay/direct pay for nonprofits

    Silver
    Contributor
    Posted 12-13-2023 12:28 AM

    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!



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    Ella Nielsen
    Membership & Engagement Director
    American Solar Energy Society
    Boulder CO
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  • 3.  RE: Elective pay/direct pay for nonprofits

    Posted 12-18-2023 01:07 PM

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



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    Adam Rossi
    Sustainability coordinator
    Jerusalem Farm
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    Original Message


  • 4.  RE: Elective pay/direct pay for nonprofits

    Posted 12-19-2023 11:00 AM

    I would welcome news when the IRS ENERGY CREDIT ONLINE (ECO) portal is open for solar installs. It only appears to support electric cars so far.

    Thanks,

    --  Address:  Allen Wilkinson                       (cell)  (216) 548-2349 1286 Yellowstone Road                 retired NASA Glenn scientist Cleveland Heights, OH 44121  USA      (INTERNET) aw(at)chaff(dot)biz  "It is the thoughts we don't have that get us in life."  +++++++



    Original Message