Treasury Announces Guidance on Grants-in-Lieu of Tax Credits under ARRA

The US Treasury has announced guidance for the program of grant payments for specified energy property in lieu of tax credits under Section 1603 of the American Recovery and Reinvestment Act of 2009 (“ARRA”). The Section 1603 program will provide direct payments in lieu of investment tax credits to companies that create and place in service renewable energy facilities beginning January 1, 2009. The guidance sets the rules under which companies can apply for the ARRA grants for qualifying renewable energy properties.

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This entry was posted on Friday, July 10th, 2009 at 5:06 pm and is filed under ARRA, renewable energy, solar tax credits. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

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