Register for elective payment or transfer of credits

Qualifying businesses, tax-exempt organizations, or entities such as state, local and tribal governments can take advantage of certain business tax credits even if they don't have taxable income to which the credits can be applied.

Register for tax year 2024 and 2023 credits

To make an elective payment or transfer election, an authorized representative of the entity must:

Use this online tool to create an Energy Credits Online (ECO) account
Get a registration number for each applicable credit property
Include registration numbers from this online tool on the entity's tax return

The registration tool is part of the IRS business tax account application. For detailed guidance, see Inflation Reduction Act (IRA) and CHIPS Act of 2022 (CHIPS) Pre-Filing Registration Tool -- User Guide and Instructions, Publication 5884 PDF.

For information about which credits are applicable and what types of entities can monetize them, see frequently asked questions about elective pay.

First-time users

Authorize a clean energy account

After you authorize a clean energy account, access the Energy Credits Online (ECO) portal. Click the Clean Energy and Semiconductor Manufacturers link.

Returning users

Access a clean energy account

Go to the Energy Credits Online (ECO) portal. Click the Clean Energy and Semiconductor Manufacturers link.

What you need

Each entity that will monetize an IRA clean energy or CHIPS credit must have its own clean energy account. If the entity already has a clean energy account, just sign in. Don't create a new account for your entity.

First-time users must go through personal identity verification. You only need to do this once. If you're a first-time user, have your photo identification ready. Verify your personal identity, not the entity's information. You will provide entity information in the next step.

As an authorized representative, the first time you use the tool for an entity you will need to sign in and provide the following information about the entity to authorize its clean energy account:

Employer ID number (EIN)
Name and address

Once you sign in, follow the prompts to provide details and documentation to support the credits the entity will report on its tax return. The information required will vary according to the credits the entity will earn.

Who can use this

Only an authorized representative of the entity may use this tool to register and provide information.

Use the entity's EIN

Never use the EIN of any other entity, even if it is closely related. Each entity that will file a return to make an elective payment election or a transfer election must have its own EIN. Refer to Publication 1635, Understanding Your EIN PDF, for more information.

When to register

Allow time for the IRS to review your submission. In general, you should register:

After placing an investment property or production facility in service, but no earlier than the beginning of the tax period when you earn the credit.
At least 120 days before the due date (including extensions) for the return where you report the credits. Use the form identified in the instructions for your form of annual return to apply for an extension of the time to file your return.

For tax years that begin in 2023, government entities (including tribal governments) will receive a paperless automatic 6-month extension of the time to file when they register. They do not need to apply for an extension. For tax years that begin in 2024 and later, government entities and tribal governments should use the revised Form 8868, Application for Extension of Time To File an Exempt Organization Return, to request an extension.

Where’s my registration number

We want to hear from you if you submitted a pre-filing registration package and

The extended due date for your annual tax return is approaching (60 days or less) and you do not yet have a registration number, or
You submitted your registration package more than 90 days ago and the status of your registration package has not changed within the last 30 days.

Please return to your Clean Energy account and contact us using the “Connect with us using Secure Messaging” button in the upper right corner of the screen. Please include the date the registration package was submitted (or an estimate if you aren’t sure of the exact date). Alternatively, you may contact us by email at irs.elective.payment.or.transfer.of.credit@irs.gov.

Note: The contact person must be authorized to receive private taxpayer information about the registering entity (e.g., be an officer, trustee, or representative (IRS Form 2848, Power of Attorney) of the registering entity.

Applicable entities affected by disasters for the which the IRS granted disaster tax relief may have additional time to make an elective payment election on a timely filed 2023 return. The IRS reminded disaster-area taxpayers who received extensions to file their 2023 returns that, depending upon their location, their returns are due on Nov. 1, 2024, Feb. 3, 2025, or May 1, 2025. If an affected applicable entity’s extended due date falls within a disaster relief postponement period, then the disaster-relief postponed due date applies.

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