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.
Environmental and Climate Justice Community Change Grants
The Environmental and Climate Justice Program (EJC Program) Overview The Environmental and Climate Justice Program (ECJ Program) was created by the Inflation Reduction Act (IRA) to provide financial and technical assistance for environmental and climate justice...