Section 1603 Program - Payments for Specified Energy Property in Lieu of Tax Credits

Legislation

S. 3069, American Renewable Energy Jobs Act
(Introduced March 3, 2010)

Cosponsors More information

Press Release: Schumer, Casey, Brown & Tester Urge Obama Administration to Suspsend Stimulus Program Funneling Billions Overseas (March 3, 2010)

AWEA Statement on Senators Schumer, Casey, Brown and Tester Urging Administration to Suspend Stimulus Program (March 3, 2010)

H.R. 4599, The Renewable Energy Expansion Act
(Introduced February 4, 2010)
Would amend the Internal Revenue Code of 1986 to provide an elective payment for specified energy property.

Cosponsors More information

Rep. Blumenauer's Introductory Remarks on H.R. 4599, The Renewable Energy Expansion Act (February 4, 2010)

S. 2899, Renewable Energy Incentive Act
(Introduced December 17, 2009)
Would Extend Section 1603 cash grant program

Cosponsors More information

Press Release and Bill Summary: Senators Feinstein and Merkley Introduce Measure to Spur Renewable Energy Development (December 17, 2009)

H.R. 1, American Recovery and Reinvestment Act of 2009
(signed by the president February 17, 2009)

Announcements

List of Awards (as of May 5, 2010)

Treasury, Energy Surpass $1 Billion Milestone in Recovery Act Awards for Clean Energy Projects (September 22, 2009)

Treasury, Energy Announce $500 Million in Recovery Act Awards for Clean Energy Projects (September 1, 2009)

Treasury, Energy Announce More Than $3 Billion in Recovery Act Funds for Renewable Energy Projects
(July 9, 2009)

Application Site

The Treasury Department began accepting applications on July 31, 2009. To apply, go to: https://treas1603.nrel.gov/

Sample Annual Performance Report and Certification

Treasury and Department of Energy Guidance

Overview and Status Update of the 1603 Program (as of October 31, 2011)

OIG-11-111 RECOVERY ACT: Audit of Inadale Wind Farm LLC Payment Under 1603 Program (September 30, 2011)

OIG-11-110 RECOVERY ACT: Audit of Pyron Wind Farm LLC Payment Under 1603 Program (September 28, 2011)

OIG-11-103 RECOVERY ACT: Audit of EcoGrove Wind LLC Payment Under 1603 Program (September 19, 2011)

OIG-11-093 RECOVERY ACT: Audit of Solar One LLC Payment Under 1603 Program (August 17, 2011)

OIG-11-077 RECOVERY ACT: Audit of Sierra SunTower LLC Payment Under 1603 Program (July 7, 2011)

Evaluating Cost Basis for Solar Photovoltaic Properties (June 30, 2011)

Overview and Status Update of the 1603 Program (as of February 17, 2011)

Payments for Specified Energy Property in Lieu of Tax Credits Independent Accountant Requirements (November 2, 2010)

Sample Begun Construction Application (November 4, 2010)

Treasury 1603: Begun Construction Applicant Checklist (November 2, 2010)

Accountant’s Report for “Begun Construction” – 5% Safe Harbor (November 2, 2010)

Frequently Asked Question Regarding the Beginning of Construction (December 12, 2011)

Frequently Asked Questions and Answers (April 13, 2011)

Program Guidance Document
(Revised April 13, 2011)

Summary of Revisions to Section 1603 Guidance in April 2011

Terms and Conditions
(July 9, 2009)

SAMPLE Application for Section 1603
(July 9, 2009)

Accountant’s Certification (July 31, 2009)

Assignment Information (July 31, 2009)

Notice of Assignment (July 31, 2009)

Notice 2009-52: Election of Investment Tax Credit in Lieu of Production Tax Credit; Coordination with Department of Treasury Grants for Specified Energy Property in Lieu of Tax Credits

Notice and Request for Comments: Notice 2009-52, Election of Investment Tax Credit in Lieu of Production Tax Credit; Coordination With Department of Treasury Grants for Specified Energy Property in Lieu of Tax Credits (August 7, 2009)

Treasury Department's Section 1603 Web Page

Treasury Department e-mail address for questions: 1603Questions@do.treas.gov

Treasury Recovery Act Programs Report (September 3, 2009)