The Inflation Reduction Act created unprecedented opportunities for state and local governments to monetize clean energy tax incentives through Direct Pay (Elective Pay). Governmental entities can receive cash refunds from the IRS for qualifying renewable energy and clean energy investments, despite having no federal income tax liability. This session will provide a practical overview of the renewable energy credits available to public sector entities, eligibility requirements, registration and filing considerations, prevailing wage and apprenticeship requirements, and strategies to maximize available incentives. Attendees will gain insight into how municipalities, counties, public utilities, school districts, and other governmental organizations can incorporate Direct Pay opportunities into capital planning and infrastructure investment decisions.
Presenters
Danielle Bradley, Director, National Tax Growth & Market Development