Elective pay tax credits ensure that tax-based federal energy incentives are available to all electric utilities.
Without elective payment, local communities pay for projects through power purchase agreements, but banks and large corporations get the tax benefits instead.
Elective pay gives public power utilities access to “all of the above” incentives for carbon capture and storage, nuclear, energy storage, solar, hydropower, geothermal, biogas, wind, and other energy technologies.
- Protect access to elective payment to ensure that all utilities have access to federal incentives promoting a diverse generation portfolio.
- Protect access to elective payment to ensure that the value of tax credits stays in the communities paying for projects.
