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.
Archive for the ‘solar tax credits’ Category
Treasury Announces Guidance on Grants-in-Lieu of Tax Credits under ARRA
Friday, July 10th, 2009The Wind and the Sun
Thursday, February 26th, 2009
A huge California wind farm got an assist from the sun today – Pure Power Distribution was on hand to provide mobile solar power for the dedication ceremony of the Shiloh II Wind Project in Rio Vista, (Solano County) California. It was a glorious renewable energy photo opp, so we’ll post pictures here tomorrow.
Shiloh II operates with 75 turbines, each of which generates up to 2 megawatts of power, so the project will provide up to 150 megawatts, or enough electricity to power 74,000 homes. Some of the windmills are over 80 meters tall with a rotor diameter of 92 meters and to be among them is simply amazing.
Should his schedule allow, this will be the third time that Governor Arnold Schwarzenegger will be appearing with our “Solar Genny” – the mobile solar power system. The Governor spoke with us at the Women’s Conference in August of 2008; again at the Governor’s Global Climate Summit in October, and now here in Rio Vista. We believe that, with a product that’s completely designed, built and distributed in California, providing green jobs in California, and a jump start into the use of solar tax credits, that the Governor and Pure Power are aligned on the issue of renewable energy.
Pure Power mobile solar power systems are a completely natural fit for this event, as with virtually any off-grid situation such as construction sites, movie sets, mines, disaster sites, farms, vineyards and ranches. All of these share: a remote (off-grid) location, the need for reliable source of power (the sun) delivered reliably (our system) that leaves no carbon footprint (no fumes or emissions here) and can be taken away without worry about environmental remediation from diesel spills or leaks.
- Norris Lozano