FuelCell Energy Inc (FCEL)

[WMsince2008]

Tax Credit Monetization Jan-1-23 Dec-31-32


Here’s how Inflation Reduction Act's new direct pay and transfer options allow more organizations to utilize clean energy tax credits for equipment placed in service on or after January 1, 2023 and through December 31, 2032:

The direct pay option allows certain non-taxable entities to directly monetize certain tax credits for entities such as state, local, and tribal governments, rural electric cooperatives, the Tennessee Valley Authority, and others to directly monetize specific tax credits including many renewable energy credits such as the ITC ) and the PTC. Applicable entities may elect to treat these tax credits as refundable payments of tax. Such entities are eligible to receive a direct payment from the IRS for any amount paid in excess of their tax liability for credits.
The Inflation Reduction Act also allows eligible taxpayers that are not tax-exempt entities to transfer all or a portion of certain tax credits, including the ITC and PTC, to an unrelated party.
https://www.epa.gov/green-power-markets/summary-inflation-reduction-act-provisions-related-renewable-energy