Nonprofit systems are now eligible for a federal direct pay option, with the payment amount varying based on several factors. Until 2024, tax-exempt entities installing systems will receive a direct payment of 30% of the system’s cost. However, post-2024, the eligibility for the full 30% direct payment for systems larger than 1 MW hinges on meeting domestic manufacturing requirements. Systems not meeting these criteria will see a reduced direct payment, scaling down from 90% of the 30% direct pay in 2024 to no direct pay by 2026. Conversely, systems under 1 MW will consistently receive the full 30% direct pay, irrespective of the equipment used.
Additionally, if specific requirements are satisfied, you can potentially secure up to three extra 10% bonuses.
Visit our nonprofit guide for more info.