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Concurrent Session Onsite and Online

NOT2338. Credits are Not Just for For-Profits

Nonprofits have largely been left out of the credit world, but we're increasingly seeing new credits legislated that provide big benefits to nonprofits. The Inflation Reduction Act of 2022 (IRA) opened up new avenues to monetize credits. One of these avenues is a new “direct pay” election that allows tax-exempt organizations to elect to treat certain renewable energy tax credits as refundable payments of tax. While nonprofits have had the ability to participate in creative structures to benefit from other types of credits, the renewable energy incentives within the IRA are truly a game changer when addressing a project’s capital stack. This interactive session will provide attendees with a deeper understanding of the renewable energy incentives under the IRA and the types of projects that generate the renewable energy incentives . The session will also provide an overview of the intersect of how the IRA may advance organizational environmental, social and governance (ESG) strategies. Come with your questions and experiences as we unpack current opportunities. We will walk through some common and new credits to help understand how they impact nonprofits.

Learning Objectives:

  • Recognize the tax credit opportunities available to tax-exempt organizations
  • Identify potential capital projects that may benefit for tax credits
  • Indicate the intersect between the Inflation Reduction Act and organizational environmental, social and governance (ESG) strategies
CPE Credits
NASBA Field of Study
1 - 2 Years in the Profession
Advanced Preparation
Session Tags