International Automated Systems (fka IAUS)

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1603 Program: Payments for Specified Energy Property in Lieu of Tax Credits

The purpose of the 1603 payment is to reimburse eligible applicants for a portion of the cost of installing specified energy property used in a trade or business or for the production of income. A 1603 payment is made after the energy property is placed in service; a 1603 payment is not made prior to or during construction of the energy property.

Attention: September 30, 2014
Message on Sequestration?

Deadlines

THE DEADLINE FOR SUBMITTING NEW APPLICATIONS HAS EXPIRED.

Pending Applications – If you submitted an application prior to October 1, 2012 for energy property not yet placed in service (known as a Begun Construction application) you must update to a Converted Application within 90 days after the energy property is placed in service. This 90 day time period may be extended for an additional 90 days (you can obtain this extension, while updating the application, at any time prior to the expiration of 180 days from the placed in service date). You do not need to wait for a response from Treasury on your Begun Construction application. Applications updated after 180 days of an energy property being placed in service will not be accepted.

FAQs – General
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http://www.treasury.gov/initiatives/recovery/Pages/1603.aspx