Deadline: Ongoing based on fiscal year tax filing
Eligible Applicants: State Gov, Local Gov, States/Territory, Native American Tribes, Non-Profit, Tax- Exempt Entities, Governmental Agencies
Fuel Type: Not specified
Agency: Internal Revenue Service (IRS)
Description: The Inflation Reduction Act (IRA) introduced and expanded tax credits for clean energy technologies, providing unprecedented policy certainty and opportunity for entities that manufacture, install, and produce clean energy over the next decade. In addition, the IRA includes new provisions that will enable tax-exempt and governmental entities, such as states, local governments, tribes, territories, and nonprofits, to take an active role in building the clean energy economy. For the first time, tax-exempt and governmental entities will be able to receive a payment equal to the full value of tax credits for building qualifying clean energy projects. The credit is up to $7500 back for light-duty EVs and up to $40,000 back for medium-heavy-duty vehicles, depending on gross vehicle weight.
Eligible Projects: Purchasers of commercial, qualifying clean vehicles including passenger vehicles, buses, ambulances, and certain vehicles used on public streets.
More Information: Direct Pay through the Inflation Reduction Act
