The U.S. Department of Treasury has recently released its guidance on Elective Pay and Transferability, made possible by the Inflation Reduction Act. Elective Pay, also called ‘Direct Pay’, is a groundbreaking piece of the IRA which allows previously ineligible entities, e.g. non-profit organizations or local school boards, to receive payments equivalent to the full value of the applicable tax credits for qualifying clean energy projects. This is an historic and all together new provision. The proposed elective pay regulations can be found here and transferability here. In addition to the Treasury press release, you can find FAQs and fact sheets that outline key information contained in the proposed guidance. You can also find helpful information on CleanEnergy.gov/directpay.
To delve deeper into Elective Pay, we invite you to join Treasury’s Chief Implementation Officer, Laurel Blatchford
Please RSVP for the webinar on Tuesday, July 25, 2:00 p.m. Eastern Time, Noon Mountain Time, using the link below