The Inflation Reduction Act of 2022 (“IRA”) makes several clean energy tax credits available to businesses; tax-exempt organi- zations; state, local, and tribal governments; other entities; and individuals. The IRA also enables entities to take advantage of certain clean energy tax credits through its elective pay provision (also colloquially known as direct pay). Elective pay allows several types of entities, such as tax-exempts and governments, to treat the amount of certain credits as a payment against tax on their tax returns and as a result receive direct payments for certain clean energy tax credits.
Remaining Opportunities: Breaking Through Barriers to Access Competitive BIL and IRA Funds
There are many active funding opportunities under the Bipartisan Infrastructure Law (BIL) and Inflation Reduction Act (IRA) as well as many opportunities still to come. If you haven’t yet applied for a competitive infrastructure or clean energy grant, this resource is...