Skip to Content

Inflation Reduction Act: Tax credits for not-for-profits and governments

Aug. 15, 2023
The Inflation Reduction Act contains some tax credits with incentives that NFPs and governments can take advantage of, including a “direct pay” feature. Attendees can expect to leave with an idea of their focus areas and next steps.
Business professionals examining how non-for-profits and government agencies can apply Inflation Reduction Act tax credits.The primary focus of the Inflation Reduction Act of 2022 (IRA) is a collection of climate and energy tax credits and incentives intended to support domestic clean and renewable energy production. Some of these credits offer incentives that not-for-profits (NFPs) and governments can take advantage of. A key aspect of the IRA is a new “direct pay” feature, which will allow organizations to take advantage of tax credits even in the absence of federal income tax liabilities.

During this webinar, our professionals will give an overview of the tax credits applicable to NFPs and governments, helping to illustrate the variety of opportunities available over the next few years. At a high level, they’ll discuss tax credits for producing electricity and adoption of electric vehicles and other tax incentives for energy-efficient building upgrades. They’ll also discuss the mechanics of the new “direct pay” feature.

By discussing these tax credits and opportunities, attendees will leave with an idea of what they may want to focus on and understand what some next steps may be.

Learning objectives:

Related Thinking

Business professionals on a staircase discussing the Inflation Reduction Act.
June 9, 2023

Inflation Reduction Act green energy credits could benefit nonprofits

Article 3 min read
Silhouette of business professional using their computer.
March 24, 2023

New tax credits make energy-efficient home and vehicle upgrades more affordable

Article 11 min read
View of a government building with columns.
August 16, 2022

Congress completes reconciliation bill with key tax changes

Article 24 min read