Reports & Fact Sheets / Buildings
Federal Government Will Reimburse Public or Non-Profit Hospitals up to 50% for Clean Energy Projects
The Inflation Reduction Act expanded the availability of clean energy tax credits so that tax-exempt entities like public and non-profit hospitals can receive “direct pay” (also known as “elective pay”). In simple terms, direct pay allows such entities to recoup a significant portion of a clean energy project’s cost as a tax-free cash payment from the U.S. Internal Revenue Service (IRS).