Inflation Reduction Act – Direct Pay is a Game Changer
On Tuesday, August 16, 2022, President Biden signed the Inflation Reduction Act (IRA) into law. The IRA covers many topics including heavily incentivizing renewable energy generation as well as electric vehicles. While many of these incentive changes will kickstart a new wave of the “solar-coaster”, the addition of Direct Pay for tax-exempt entities to utilize the Investment Tax Credit (ITC) may have the biggest impact on the solar industry.
Inflation Reduction Act Direct Payment
The IRA introduced a new concept to the ITC structure by offering…
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