Hi Kevin,
SAM's PPA models are designed for IPP projects, so they do not have these features that would apply to an IOU owner.
For the normalized ITC: I think you could model this by setting the ITC on the Incentives page to zero and reducing the Federal Tax Rate by the normalized ITC amount. For example, given a federal income tax rate of 30%, 26% ITC, and 30-year analysis period, you would use Federal Tax Rate = 0.30 - 0. 26 * 0.0333 = 0.291, or 29.1%.
The "ITC Qualification" check boxes on the Depreciation input page determine whether the portion of the capital cost associated with a given depreciation class qualifies for the ITC. But, for this normalized ITC, we are setting the ITC to zero, so the check boxes should have no effect on the results.
Best regards,
Paul.