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Treasury Department Now Accepting Applications for Grants in Lieu of Renewable Energy Tax Credits
The U.S. Treasury Department announced today that it is accepting applications for payments in lieu of renewable energy tax credits pursuant to the Section 1603 cash grant program created under the American Recovery and Reinvestment Act of 2009.
A link to the online application and other important information regarding the program, including new forms and instructions related to the accountant's cost certification and assignment of payments, can be found here.
For a description of the Section 1603 program and guidelines previously issued by the Treasury Department, please see our Guidance Issued for Grants in Lieu of Renewable Energy Credits client alert.
If you have questions about the Section 1603 grants or any aspects of the Treasury Department's guidance, please contact one of our Renewable Energy lawyers:
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