August 29, 2024
Are you curious about how your nonprofit organization can leverage the advantages of renewable energy, including Renewable Energy Tax Credits? Many nonprofits are surprised to learn they may be eligible for tax incentives under the Inflation Reduction Act of 2022 (IRA), a landmark legislation that aims to boost the transition to a low-carbon economy.
One of the key features of the IRA is the direct pay option, which allows tax-exempt organizations to receive cash payments from the IRS instead of tax credits. This means that you can benefit from renewable energy tax credits even if you have no tax liabilities.
Although it offers nonprofits a great opportunity to capitalize on their clean energy initiatives, the IRA is a complex law with evolving guidance and compliance requirements. You need to understand the rules and procedures to claim and maximize your eligible credits.
Join GRF for a free webinar and hear from tax specialists who will explain the details and benefits of these clean energy tax incentives. Don’t miss this opportunity to learn how your nonprofit organization can take advantage of the IRA and support clean energy solutions. Register today and get ready to boost your bottom line while making a positive environmental impact.