Which federal investment tax credit (ITC) provision most directly affects the cost structure of a CPACE-financed solar project for a tax-exempt nonprofit property owner?
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A
The nonprofit can monetize the ITC through a direct pay elective under the Inflation Reduction Act
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B
The nonprofit must forfeit the ITC entirely as a non-taxpaying entity
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C
The ITC doubles for nonprofit-owned properties under CPACE
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D
CPACE financing automatically transfers the ITC to the capital provider