This report is meant to help mayors understand how to structure, locate, scale, and finance transformative projects to meet their community needs and climate goals leveraging these new tax credit opportunities in the Inflation Reduction Act (IRA). The analysis in this publication demonstrates how direct pay tax credits could be utilized to help fund climate and resilience projects. The report shows that these tax credits could shave tens of millions off the cost of a campus microgrid project, reduce the overall cost of creating a carbon-free, resilient power system for a wastewater treatment plant, and accelerate the payback period of a municipal fleet transition by one to two years.