Episode
Direct Pay for Not-for-Profits
- Published
- Apr 1, 2024
- Duration seconds
- 806
- Processing state
not_requested
Actions
POST https://stenobird.com/v1/public/podcasts/cherry-bekaert-not-for-profit-industry-guidance-2080103/episodes/direct-pay-for-not-for-profits/transcription-requests
Idempotently request low-priority transcript generation for this episode.GET https://stenobird.com/podcast/cherry-bekaert-not-for-profit-industry-guidance-2080103/direct-pay-for-not-for-profits.md
Read the agent-friendly Markdown representation of this episode resource.
Summary
The Inflation Reduction Act of 2022 (IRA) opened the direct pay program for not-for-profit or tax-exempt organizations to qualify for energy tax credits if they were investing in clean energy solutions. Before the IRA, there were clean energy tax credits available to tax-paying entities to take advantage of, but tax-exempt organizations couldn’t reap any benefits when choosing to invest in energy enhancements. The Internal Revenue Service (IRS) often releases new guidance on energy tax credit...