Traditionally, only tax-paying entities, such as companies and private individuals, have been able to take advantage of tax credits. That excludes a wide range of tax-exempt organizations, such as local governments, rural co-ops, municipal utilities, Native American tribes, churches, and school districts from accessing credits intended to reduce energy and transportation costs. The “direct pay” policy, which is restricted just to these organizations, allows them to convert a credit into a cash payment from the U.S. Treasury – unlocking those cost savings and encouraging smart, energy-efficient investments. As over 100 mayors and local officials from across the country stated, without access to these credits, energy costs for families could rise, almost 100,000 jobs would be lost, and U.S. economic growth would slow.
St. Andrews Episcopal Church
- Status: Operational
- Location: Lewisburg, PA (Union County)
- Congressional District: Pennsylvania 15th
- Technology: Solar
- Relevant Tax Provision:
- Investment Tax Credit (ITC)
- Direct Pay
- Fast Facts:
- Across the Keystone State, there are more than 2,300 megawatts of solar installed today, enough to power over 305,000 homes.
- Over the past decade, the price of solar has declined approximately 37% for Pennsylvania consumers.
- Pennsylvania is home to almost 500 solar companies, like those involved in this project, employing nearly 4,300 people.
Geothermal Conversion at Margaret Mary Cancer Center
- Status: In Development
- Location: Batesville, IN
- Congressional District: Indiana 9th
- Technology: Geothermal Energy
- Relevant Tax Provisions:
- Direct Pay
- Fast Facts:
- The Margaret Mary Health Cancer Center’s new state-of-the-art 126,000 square foot facility, currently under construction, will utilize geothermal energy for its HVAC system.
- The project saved up to $300,000, and the hospital will see a 6-year return on investment using clean, firm geothermal energy.
HOLA Elementary Rooftop Solar
- Status: In Development
- Location: Palmetto, FL (Manatee, FL)
- Congressional District: Florida 16th
- Technology(s): Rooftop Solar
- Relevant Tax Provision(s):
- Domestic Content Adder
- Direct Pay
- Fast Facts:
- In collaboration with Renaissance Arts and Education, Tampa Bay Solar and Regenerative, Shift will install 2 megawatts of rooftop solar at HOLA Elementary.
- Direct Pay has enabled HOLA to take advantage of this new tax incentive, creating a cost-effective solution to providing reliable energy. Installations are scheduled to be completed in the summer of 2025.