Tax Advisory Services for ITC Elective Pay Filing

The Town of Wellesley, Massachusetts, through its Select Board Office, Finance Department, and Climate Action Department, is issuing a Request for Proposals (RFP) to procure professional tax advisory services related to the federal Investment Tax Credit (ITC) elective pay mechanism under Section 6417 of the Internal Revenue Code. The procurement seeks qualified firms or individuals to provide comprehensive tax advisory services for three rooftop solar photovoltaic systems: a 430 kW DC system at Hardy Elementary School (estimated cost $2,456,608.75), a 374 kW DC system at Hunnewell Elementary School (estimated cost $2,182,629.75), and a 46 kW DC system at the Recycling and Disposal Facility administrative building (estimated cost $40,000). Deliverables include pre-filing activities, submission of elective pay filings, and successful receipt of elective pay benefits while ensuring compliance with IRS requirements and minimizing eligibility risks. Qualified proposers must demonstrate a minimum of three years of experience providing tax credit filing assistance for commercial and/or municipal entities and must have successfully filed at least one municipal solar PV project within the last two years. The selected firm must maintain Professional Liability (Errors & Omissions) coverage of $2,000,000 per claim and $4,000,000 aggregate, General Liability coverage, and Cyber/Privacy coverage. Evaluation criteria include Technical Approach (25%), Municipal Elective Pay Experience (25%), Domestic Content & FEOC/PFE Compliance Execution (15%), Staffing & Schedule Capacity (15%), References (10%), and Price (10%). Proposals are due by 3:00 p.m. on April 14, 2026, with award anticipated in April 2026 and Notice to Proceed issued in May 2026; the contract term extends from April 2026 through April 2028 with completion required by the end of the tax filing period in 2028.

The RFP does not specify any disadvantaged enterprise set-asides, minority-owned business enterprise requirements, or restrictions limiting the types of organizations that may respond. No incumbent vendors or current contractors are identified in the procurement documentation. Proposers must submit separate price proposals for each of the three solar PV systems using either Policy A (billing commences prior to elective pay filing) or Policy B (billing commences as a percentage of elective pay received), though no specific contract value or budget range is disclosed in the available materials. The Town will provide feasibility studies, design documents, budget information, procurement and construction reports, and other necessary documentation to support the tax advisor's work. Payment is subject to appropriation, and the contract includes a not-to-exceed amount that will be specified in the final award documents.