Sign Up For Novogradac Industry Alert Emails

GUIDANCE POSTED ON GRANTS IN LIEU OF RENEWABLE ENERGY ITC

Friday, June 5, 2009 - 3:30AM

The Treasury Department today released guidance for the Section 1603 program created by the American Recovery and Reinvestment Act. 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 Treasury Department today published the terms and conditions, program guidance, and a sample application. Applications are not currently being accepted, but the Treasury Department says a web based application will be launched the coming weeks. Click here for more information.

Learn more about Novogradac's expertise and many services