Reports & Fact Sheets / Manufacturing and Industrial Policy
FACTSHEET: Direct Pay, Supporting Decarbonization of Higher Ed Buildings
In simple terms, direct pay is a mechanism that lets tax-exempt entities, including public colleges and universities, recoup a significant portion of the cost of a clean energy project as a reimbursement from the IRS. Historically, it wasn’t possible for public institutions and other tax-exempt entities to take advantage of clean energy tax credits. Now,…