The Inflation Reduction Act of 2022 (IRA) (P.L. 117-169) reauthorized and expanded a wide array of clean energy tax credits through 2033 and allowed, for the first time, tax-exempt entities to directly access those tax credits through a process called “direct pay” (or “elective pay”). Qualifying entities can now receive a direct payment from the Internal Revenue Service (IRS) in lieu of a tax credit—a “game changer” that puts clean energy in reach for many organizations.