Let Concord show you how 6417 direct pay can help you build a better world.
6417 allows tax-exempt entities to take advantage of the clean energy tax incentives unlocked by the Inflation Reduction Act.
Under 6417, tax-exempt entities can receive tax-free cash payments from the federal government for the incentives their projects generate.
In short, 6417 means a check from the government to help you pay for vital upgrades and ambitious clean energy initiatives.
Essentially any entity exempt from federal income tax, including:
There are many different tax credits that you can claim under 6417. You can get up to 70% of your project cost back depending on the type of project and how it’s executed.
This is where Concord helps to keep it simple.
We identify what you qualify for and what you need to document. We then manage compliance throughout so we can substantiate your claim.
6417 enables you to claim direct pay for 12 different clean energy tax credits. These can be generated from projects ranging from installing solar panels to installing EV charging infrastructure. For more information on the eligible credits, read this.
To get your check, you file a tax claim for the year the project goes live.
We know that’s not something you’re necessarily used to. Concord supports your organization throughout the 6417 process.
The Concord Standard powers your progress.
Concord helps you identify all potential incentives and manages compliance throughout your project with our proprietary software.
Our compliance management service Link to Concord Standard is designed to mitigate risk and give you confidence in the liquidity you can unlock with 6417.
We provide support throughout the entire process so you get that all-important check when a project is complete and continue compliance support through the recapture window.
Clean energy incentives can make real transformation possible, within limited budgets. To benefit, you need someone to manage the complexity of compliance.
Working with Concord is as easy as 1,2,3:
For us, professionalism is a matter of principle. We are committed to delivering the highest level of service and our Client Charter tells you more about the commitments we make to you.
We’ve spent 15+ years specializing in clean energy tax incentives. We’re deeply involved in shaping public policy on them and we’re experts in engineering and clean energy projects. This means we can handle any and every aspect of compliance and claims.
Concord Cassion is designed to support compliance management and substantiation for clean energy incentives. Like any best-in-class tool, it’s precision-engineered for the task at hand while being simple and intuitive for you to use.
The new transferable tax credits market requires new skills and expertise. Concord has done the heavy lifting so you don't have to.
If your company designs new construction or retrofit projects for government or other tax-exempt entities, Concord can help you claim significant tax deductions via 179D.
If you’re working with variables inherent in the built environment, focused on the development of clean energy projects, and finding ways to reduce energy consumption, then you’re doing research and development.
