State and local governments undertaking clean energy projects may be eligible for cash payments equal to the renewable electricity production tax credit or energy investment tax credit that would have been available to a private entity. The new “elective payment credits” are available for certain qualified projects (e.g., certain wind, biomass, geothermal, solar, landfill and trash, hydropower, marine, hydrokinetic, fuel cell, solar, and biogas facilities) that have satisfied pre-registration...By: Foster Garvey PC.