division of energy resources
Final Deloitte Direct Pay Assistance
Office Hours on Monday! More Info on
Direct Pay Included
*Reminder:* the "final" direct pay tax credit townhall will take place on *Monday, November 3 at 9:00 a.m. CT*; you can sign up for that session via through this link [ [link removed] ]. This session is organized by Deloitte as part of contract with the State of MN to provide tax-exempt entities with guidance and assistance in the Direct Pay project planning and IRS filing process. Unlike previous webinars, this session will be more of a Q&A rather than an overview. Eligible Minnesota entities are also able to register with Deloitte for one-on-one consultations at no cost!
*"Reminder: November 15 Deadline for Fiscal Years Ending on June 30"*
If your tax-exempt organization’s fiscal year (FY) ends on June 30th, the submission deadline for filing a return for direct pay-eligible projects completed between July 1, 2024-June 30, 2025 is *November 15, 2025*. That is also the deadline to request a 6-month extension to May 15th.
*Need assistance understanding the direct pay process?*
There are resources and groups available to help!
* The Clean Energy Resource Team (CERTs) [ [link removed] ] provides unbiased advice and technical assistance.
* Lawyers for Good Government (L4GG) Clean Energy Tax Navigator [ [link removed] ] & Elective Pay Sprint Hub [ [link removed] ]
* Minnesota Climate and Innovation Finance Authority (MnCIFA) [ [link removed] ](a.k.a. Minnesota’s “green bank”) has more than $60 million available for low interest bridge loans to provide coverage for eligible projects until a direct pay reimbursement is received
More details and general information on direct pay is available on the Department of Commerce webpage here [ [link removed] ].
*Minnesota Department of Commerce | Energy Division
*85 7th Place East, Suite 280 | St. Paul, MN 55101*
*Email:
[email protected]
Local: 651-539-1886 | Greater MN: 1-800-657-3710
*Manage Preferences [ [link removed] ] | Unsubscribe [ [link removed] ] | Help [ [link removed] ] | mn.gov/commerce [ [link removed] ]
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