Energy Lunch Recap: Nonprofits and the IRA

by Paul Cutting, Energy Planner

On March 21st, WED hosted an Energy Lunch to discuss how the new direct pay option allows non taxable entities to take advantage of the 30% federal renewable energy refundable tax credit! Organizations like schools, nonprofits, churches and local governments are now able to capture the full value of the 30% federal tax credit, putting renewable energy projects like PV solar, geothermal, wind, EV vehicle purchases and battery storage within reach for your nonprofit!

We gathered on zoom and at the Lingonberry to discuss about all the ways the Inflation Reduction Act can benefit your nontaxable organization. We also discussed the option of using a Power Purchase agreement to allow non taxable entities to work with a taxable investor to capture the value of the tax credit.

Click below to view the recording or scroll down to get the slides.

Click here to see the slides from the presentation


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