Making the Most of Elective Pay: How Counties Can Access and Use Clean Energy Tax Credits

Established in the Inflation Reduction Act (IRA), elective pay (otherwise known as direct pay) provides tax-exempt entities, including county governments, with the ability to monetize certain clean energy tax credits that they have previously been unable to access due to their lack of tax liability. Now, counties can elect this new “direct pay” option that will allow them to receive a refund from the Internal Revenue Service (IRS) of between 6 and 70 percent of the cost of capital expenditures for certain renewable energy projects, alternative fuel vehicles and alternative fuel charging stations.

During this webinar, experts from KPMG will provide an overview of what types of investments qualify for the new “direct pay” option, as well as how to apply for and receive the clean energy credit refunds.