Tax Advisory Services for ITC Elective Pay Filing

The Town of Wellesley, MA is soliciting proposals from qualified firms or individuals to provide professional Tax Advisory services related to the federal Investment Tax Credit (ITC) elective pay mechanism. The purpose of this project is to successfully pre-file for, file for, and receive elective pay for a Clean Electricity ITC (Section 48E) for three solar photovoltaic systems on Town of Wellesley property.

Proposals are due in the Select Board’s Office no later than April 14 ^th , 2026, at 3:00 p.m.

As of the issuance of this RFP:

1. One rooftop solar PV system is planned for Hardy Elementary School with installation planned for 2027.
2. One rooftop solar PV system is planned for Hunnewell Elementary School with installation planned for 2027.
3. One rooftop solar PV system is planned for the Recycling and Disposal Facility Administrative Building with installation planned for the second half of 2026.

The Town intends to engage a Tax Advisor early in the project schedule for the two schools to inform design, procurement, contracting, and construction decisions that may affect eligibility, credit amount, and compliance with IRA requirements.