How Cities Can Take Advantage of Direct Pay

The Inflation Reduction Act provides tax incentives for the production of and investment in clean energy through a tax credit monetization called elective pay, also known as “direct pay.” For the first time, these clean energy tax benefits are available to entities that have been historically excluded from claiming them—such as state and local governments, nonprofit organizations, and other tax-exempt entities like schools, hospitals, places of worship, and many more.

Lawyers for Good Government have recently launched the Clean Energy Tax Navigator, a project-specific tool to help tax-exempt entities learn about elective pay eligibility and requirements.

Local government officials and decision-makers are encouraged to register for an upcoming webinar on August 22nd at 2 PM EST to learn about the tool and ways to weave various funding sources to maximize clean energy project financing.