October 21 at 3:00 pm – 4:00 pm Eastern
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Under the Inflation Reduction Act, Tribal Nations may now directly access certain clean energy tax credits through a process called elective pay. On October 7, 2024, the Department of Treasury and Internal Revenue Service released proposed rules that expand eligibility for clean energy tax credits to certain wholly owned Tribal businesses.

Through elective pay, Tribal Nations and their businesses may access clean energy tax credits such as an increased energy investment credit under the Low-Income Communities Bonus Credit Program (section 48(e) of the Internal Revenue Code). This program provides a 10 or 20 percentage point increase to the investment tax credit for qualified solar and wind energy facilities for Program Year 2024. 

This includes projects on Indian lands (Category 2) and by Tribal Nations, Tribal enterprises, and Alaska Native entities. Applications for projects located on Indian Lands (Category 2) are being accepted on a rolling basis until November 12, 2024, at 11:59 PM ET.

Join us for this webinar on the application process for 48(e) for Program Year 2024 and an update on Treasury’s proposed regulations to increase Tribal access to clean energy tax credits.