On May 10, Treasury Department grants program manager Ellen Neubauer said she believes the Treasury Grant in Lieu of Tax Credits Program—otherwise known as Section 1603—will pay out an additional $12 billion to projects still in the pipeline. So far, the Recovery Act program has provided $18.5 billion in cash payments in lieu of an investment tax credit for solar, wind, and other renewable energy projects. Of the more than 100,000 remaining applications, almost all are solar projects. To receive the grant, they must be placed in service by Dec. 31, 2016. Previous estimates of the remaining 1603 pipeline calculated an outstanding balance of $6 billion.