The clean energy tax credits extended and strengthened in the Inflation Reduction Act, and the accessibility of those credits for tax-exempt institutions through elective pay, will accelerate and broaden deployment of clean energy, especially by non-profit and public entities. We commend the Department of Treasury for soliciting information on how to best apply exemptions for the domestic content provisions associated with Elective Pay.

Further, we strongly support the strategic use of demand levers (e.g., domestic content policies) and supply-side investments (e.g., the 45X and 48C tax credits authorized by the Inflation Reduction Act) to boost U.S. manufacturing of clean technologies. Expanded domestic manufacturing of clean energy components affords the opportunity to build the clean economy on a foundation of good jobs, clean manufacturing, a reliable industrial base, and greater equity.

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