Counties and the Inflation Reduction Act: Elective Pay Update
Available On-Demand
This webinar is available on-demand. If you have issue accessing the recording, please email nacomeetings@naco.org.
On March 5, the U.S. Department of the Treasury (Treasury) issued final regulations for the elective pay mechanism established in the Inflation Reduction Act (IRA). Using elective pay, also known as direct pay, counties and other tax-exempt entities can monetize certain clean energy tax credits that they have previously been unable to access due to their lack of tax liability. On March 5, Treasury also unveiled a new proposed rule to provide criteria regarding the eligibility of certain ownership structures to claim elective pay. During this webinar, counties will hear from Treasury and the U.S. Department of Energy (DOE) on these new regulations and other funding opportunities available under IRA.
Watch Recording
Speakers
David Eichenthal
Dr. Taresa Lawrence
Hon. Adrian Garcia
Resource
Inflation Reduction Act Funding Explorer
Related News
Innovating Solutions Together: Turning Ideas into Results
NACo CEO Matt Chase: "Every one of these counties started in the same place: a local vision, followed by a search for ideas. NACo builds the networks that connect county officials and other experts."
Counties play a growing role in the fight to lower utility costs for residents
County governments rarely have a direct role in the energy market, but a new NACo report finds that counties can often be most effective as advocates, helping lower residents’ utility costs by leveraging state programs, local partnerships and outreach.
U.S. Senate advances Bipartisan American Affordability and Jobs Act in initial procedural vote
On Nov. 9, the U.S. Senate advanced the Bipartisan American Affordability and Jobs Act (S. 5653) through a successful vote to invoke cloture. The 73-25 vote sets up further debate and consideration in the chamber.