Wellesley Civic Plus #N/A

Tax Advisory Services for ITC Elective Pay Filing for Municipal Solar Projects

This opportunity seeks professional tax advisory services to support the Town of Wellesley, Massachusetts, in leveraging the federal Investment Tax Credit (ITC) elective pay mechanism for municipal solar projects. - Government Buyer: - Town of Wellesley, Select Board Office - Services Requested: - Tax advisory services for ITC elective pay filings (Section 48E) - Support includes pre-filing, filing, and receipt of elective pay for three solar photovoltaic systems - Advisor will be engaged early to inform project design, procurement, contracting, and construction for eligibility and compliance with Inflation Reduction Act (IRA) requirements - Projects Covered: - Hardy Elementary School solar PV system - Hunnewell Elementary School solar PV system - Recycling and Disposal Facility Administrative Building solar PV system - Unique Requirements: - Advisor must provide guidance on maximizing ITC eligibility and credit amount - Must ensure compliance with IRA and federal tax regulations - No specific OEMs or vendors are named in the solicitation; focus is on professional tax advisory services for municipal clean energy projects

Description

The Town of Wellesley, MA is seeking proposals from qualified firms or individuals to provide professional tax advisory services related to the federal Investment Tax Credit (ITC) elective pay mechanism. The project involves pre-filing, filing, and receiving elective pay for a Clean Electricity ITC (Section 48E) for three solar photovoltaic systems on town properties, including two elementary schools and a recycling facility. The selected advisor will be engaged early to inform design, procurement, contracting, and construction decisions affecting eligibility and compliance with IRA requirements. Proposals are due by April 14, 2026, at 3:00 p.m.

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