Treasury Sending Cash Instead of Tax Credits

Well, it's "stimulus," no?

The Departments of Energy and Treasury announced yesterday that $3 billion worth of stimulus funds will be paid directly to clean energy developers in exchange for foregoing future tax credits, according to a report in Restructuring Today (July 10).

Assuming that the 'clean energy developers' are not fraudsters, I think this is a better way to go.

HT: GreenHell