US Treasury Guidance for Grants over ITC and PTC

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.

The Rest @ Stoel Rives

Comments

Post a Comment

Popular posts from this blog

Oxford Instruments Plasma Technology (OIPT) Wins Nanofabrication Contract

Oxford Instruments Manufactures  Sophisiticated R& D and production equipment that innovators are using for cutting edge cleantech and renewable energy product developemnt,among other things. Here is the announccement for a recent contract they one. -Editor Oxford Instruments Plasma Technology (OIPT) has just received a 3 system order from the prestigious new Melbourne Centre for Nanofabrication (MCN) in Australia. The systems, two Plasmalab® System100 ICP380 tools and a Plasmalab System100 PECVD system, have been bought as part of the Centre’s programme to equip their cleanrooms with state of the art instrumentation for nano and micro scale fabrication. Oxford Instruments has a reputation for working with and equipping many renowned universities and research institutes throughout Europe and USA. That fact and the flexibility of OIPT’s tools were important criteria in MCN’s decision to choose OIPT as a strategic partner. The MCN is the Victorian node ...
Read more

Distributed Clean Energy In a Brownfield Redevelopment

BRISTOL TOWNSHIP – Pennsylvania Department of Environmental Protection Secretary John Hanger today toured The Bridge Business Center in Bristol Township, Bucks County, where $1 million in federal recovery funds are being used to install a modern energy system in a former Rohm & Haas laboratory. Secretary Hanger witnessed a milestone in the project’s development, as seven micro-turbines were lifted by crane and placed on the roof of a building at 360 George Patterson Blvd., where renovations are underway in the 50,000-square-foot, multi-tenant facility. “This is how recovery funds are making a real difference in people’s lives,” said Hanger. “In a community that has suffered from an economic downturn, we see this developer making not only a $4.5 million investment in adaptive reuse of a building on a designated brownfield site, but also in providing a clean, affordable and reliable source of energy for its tenants.” In March, Governor Edward G. Rendell announced the $1 million Penns...
Read more

Carbonized Chicken Feathers Fibers (CCFF) The Best Hope for Hydrogen Storage

June 26, 2009 Carbonized chicken feather fibers are the cheapest way to store hydrogen. Using chicken feathers is similar to using animal manure and crop waste. All three are waste products that can be used to create something new whether it is hydrogen storage, or biofuel. All three are renewable resources. University of Delaware researchers are the ones who have developed chicken feather fiber hydrogen storage. Richard P. Wool, professor of chemical engineering and director of the University’s Affordable Composites from Renewable Resources (ACRES) program had this to say, “Carbonized chicken feather fibers have the potential to dramatically improve upon existing methods of hydrogen storage and perhaps pave the way for the practical development of a truly hydrogen-based energy economy.” Chicken feather fibers (CFF) are made up of hollow tubes composed of keratin. Heated the keratin creates cross links that make the CFFs stronger. Heating also causes the CFFs to become more po...
Read more