Reports & Fact Sheets / Manufacturing and Industrial Policy
FACTSHEET: Direct Pay, Supporting Decarbonization of Hospitals
In simple terms, direct pay (also known as elective pay) is a mechanism that allows tax-exempt entities, including public or nonprofit hospitals, to recoup a significant portion of the cost of a clean energy project as a reimbursement from the IRS. Historically, it wasn’t possible for hospitals and other tax-exempt entities to take advantage of…