Claim a 30% Direct Pay Reimbursement for Solar
The Inflation Reduction Act passed in 2022 now makes nonprofits eligible for a 30% Direct Pay reimbursement from the IRS for tax credits on projects placed in service in 2022. This is notable because it gives tax-exempt organizations access to the same financial incentives as for-profit organizations, and even some additional incentives available only to 501(c)3 organizations. By going solar, nonprofits can save money, promote social responsibility, improve donations, make an environmental impact, and even support the local community in times of energy disruptions.
A few examples of nonprofits that can take advantage of this solar incentive include:
- Houses of worship such as churches, synagogues and mosques
In order to be eligible, nonprofits must own their own building. Our team will support you with permitting and other logistics.
Texas is one of the top solar states with more than 220+ sunny days each year! Utilizing clean, renewable solar energy helps you put money back into your budget and amplify your organization’s impact! Call us at 512-837-4800 or fill out form to learn more.