Industries
Practice Leadership
Search for Reznick Group practice leaders.Resource Center
Visit our Renewable Energy Resource Center to access information on key topics impacting the renewable energy industry.
 |
Section 1603 Grant Advisory Services Learn how Reznick Group helps renewable energy facility owners and lessees take advantage of this innovative program. |
 |
Payments for Specified Energy Property in Lieu of Tax Credits under the American Recovery and Reinvestment Act of 2009 A comprehensive look at the Payments in Lieu of Tax Credits Program under the American Recovery and Reinvestment Act of 2009. |
American Recovery and Reinvestment Act Advisory Services
Section 1603 of the American Recovery and Reinvestment Act of 2009 enables owners of many types of renewable energy facilities to qualify for a 30% cash grant (10% in the case of certain types of energy property) instead of the federal income tax credits under Internal Revenue Code Sections 45 and 48.
Reznick Group offers advisory services designed to help clients optimize the financial incentives outlined in The American Recovery and Reinvestment Act of 2009. By conducting a thorough assessment of your business and financial goals, we can advise you as to which ARRA program works best for you – the renewable energy grant program or the federal energy tax credit incentive. We can also provide a detailed analysis of alternative and competing tax and financial structures that may be beneficial to your business.
Section 1603 Grant Program
Official DOE and Treasury guidance for the American Recovery and Reinvestment Act Section 1603 grant program was released on July 9, 2009. The government began accepting applications in August, 2009 and all official applications must be received by the government by October 1, 2011.
Applicants must meet certain qualifications and stringent eligibility requirements to benefit from Section 1603 grant program. As such, we have established a dedicated practice area designed to help our clients through a pre-grant analysis as well as the formal application process.