July 9, 2009
The American Recovery and Reinvestment Act of 2009 (ARRA), which was enacted in February, permits an applicant to receive a grant from Treasury in lieu of claiming investment tax credits (ITCs) or production tax credits (PTCs).
Today the U.S. Treasury Department issued much-anticipated guidance concerning applications to receive cash grants in lieu of claiming income tax credits for certain renewable energy projects.
Although the guidance includes a sample application form, the U.S. Treasury has stated that it will not accept applications until August 1.
Click here to read the full analysis on this guidance including grant details, eligibility and the application process at www.stoel.com.
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