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It’s Law – U.S. Department of Treasury Extends Renewable Energy Grants Until 12/31/2011

December 18, 2010

Incentive Type: Federal Grant Program

Eligible Renewable/Other Technologies:
Solar Water Heat, Solar Space Heat, Solar Thermal Electric, Solar Thermal Process Heat, Photovoltaics, Landfill Gas, Wind, Biomass, Hydroelectric, Geothermal Electric, Fuel Cells, Geothermal Heat Pumps, Municipal Solid Waste, CHP/Cogeneration, Solar Hybrid Lighting, Hydrokinetic, Anaerobic Digestion, Tidal Energy, Wave Energy, Ocean Thermal, Microturbines

Applicable Sectors:
Commercial, Industrial, Agricultural

Amount:
30% of property that is part of a qualified facility, qualified fuel cell property, solar property, or qualified small wind property 10% of all other property

Maximum Incentive:  
$1,500 per 0.5 kW for qualified fuel cell property
$200 per kW for qualified microturbine property
50 MW for CHP property, with limitations for large systems

Funding Source: The American Recovery and Reinvestment Act (ARRA)

Start Date: 1/1/2009

Expiration Date: 12/31/2011 (construction must begin by this date)

Web Site: http://www.treas.gov/recovery/1603.shtml

Authority 1: H.R. 4853 (Tax Relief, Unemployment Insurance Reauthorization, and Job Creation Act of 2010)
Date Enacted: 12/17/2010

Authority 2: H.R. 1: Div. B, Sec. 1104 & 1603 (The American Recovery and Reinvestment Act of 2009)
Date Enacted: 2/17/2009
Date Effective: 1/1/2009

Authority 3:U.S. Department of Treasury: Grant Program Guidance subsequently amendedDate
Enacted: 07/09/2009

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5 Comments leave one →
  1. December 18, 2010 10:20 AM

    Encouraging steps like these can make the difference definitely.
    We can keep global warming at tolerable level if all countries take initiatives like this.

  2. Mehul Kamdar permalink
    December 19, 2010 5:38 PM

    Barry,

    A close friend and business associate of mine builds 2, 6 and 10 MW solar generators in Japan with Copper-Indium-Selenium PVs. He has sold several of these in Italy, the Middle east and Asia. I wonder if it would be possible to enter into a business over here generating for utilities especially in the Southern United States. In Europe, the systems have shown themselves to offer an energy payback time of 19 to 20 months. With the kind of grants that you are talking about, US payback time would be much less especially in the warmer states like TX, NM, OK, FL and AZ.

    I’d like to talk to you sometime if you have a few minutes – I did mail you some time ago but did not hear back. I am marketing these in India and it would be the easiest thing for me to get a US agency if I ask for it along with a concrete business plan. I just can’t understand how the subsidies and the business works here, hence my questions. Thanks!

  3. December 20, 2010 9:26 AM

    It’s great they have extended Grants, but does it mean they will actually “process” more than they have?

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