Only a few weeks remain before a federal renewable energy incentive program expires. The 1603 Treasury Dept. grant program, part of the American Recovery and Reinvestment Act of 2009, pays investors a cash grant equal to 30% of the total cost of eligible projects that began from 2009 through December 31, 2011.
Under the program, payment is due within 60 days of the renewable energy system’s activation. After the expiration date, projects may be eligible for the 30% federal investment tax credit program that allows participants to reduce their tax liability.