Solar
Marketing and Sales
Energy Finance
Business Growth
Inflation Reduction Act Solar Provisions: Direct Pay
About this course
This course is one of three free courses included in the Inflation Reduction Act: Solar Provisions Explained Series by CollectiveSun.
There will be updates to the course content coming in August and September 2025 to reflect recent policy changes.
The Inflation Reduction Act introduced a provision in 2023 called Elective Pay (more commonly known as “Direct Pay”) that creates a very exciting pathway for nonprofit organizations to utilize tax credits.
There will be updates to the course content coming in August and September 2025 to reflect recent policy changes.
The Inflation Reduction Act introduced a provision in 2023 called Elective Pay (more commonly known as “Direct Pay”) that creates a very exciting pathway for nonprofit organizations to utilize tax credits.
In this free course, we review aspects of Direct Pay, how to apply, and any updates to be aware of as we move into the 2024 tax year. This information will be helpful for nonprofits who have placed a system in service during the 2023 tax year or are planning to place a system in service in the 2024 tax year. We also discuss timing of filings, as well as a review of the 990-T and other forms that need to be completed.
Key Highlights:
- Determine how your tax year affects Direct Pay eligibility
- Understand the filing timeline and order of operations for registration and tax filings including forms such as the 990-T/3800/3468 that need to be completed
- 6/30 vs 12/31 year-end filers discussion on the Direct Pay timelines
This was a webinar originally aired on Thursday, February 22nd, 2024.
Course outline
3 modules
2 - 3 hours to complete
1:07 hours
of video lectures
Module 1 • 13 assignments
Direct Pay 2024: Digging into the Details
Module 1 • 13 assignments
Direct Pay 2024: Digging into the Details
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Module 2 • 9 assignments
The Fine Print + Resources for Applying for the Incentives
Module 2 • 9 assignments
The Fine Print + Resources for Applying for the Incentives
In this module, we will share direct resources from the U.S. government as well as necessary forms.
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Author
CollectiveSun is a mission-driven company exclusively dedicated to nonprofit solar financing, freeing up essential funding for organizations while also reducing greenhouse gas emissions. Our programs make solar and storage possible for nonprofits such as houses of worship, schools, arts and community centers and many others to help them achieve financial and...