Monday, December 13, 2010 8:49:53 AM
LLEG: Extension of 1603 tax credits included in Senate's version of tax bill. The bill will be voted on TODAY December 13, 2010.
“The 1603 tax credit has created flexibility for funding renewable energy projects and is fundamental for keeping the solar industry growing in America.” He added that the program supported $18 billion in new renewable energy projects and enabled 1,100 projects in 42 states."
http://www.cleanenergyauthority.com/solar-energy-news/treasury-grant-1603-121010/
From Laidlaw's petition for expedited consideration of their 70MW Biomass power plant in Berlin, NH:
"Specifically, the Project’s financing plan utilizes a program established under Section 1603 of the American Recovery and Reinvestment Act of 2009 (the “1603 Program”) which provides cash to qualifying renewable energy investment in lieu of the investment tax credit otherwise available under Section 48 of the Internal Revenue Code (the “ITC Credit”). The 1603 Program is available only to qualifying facilities that commence construction prior to January 1, 2011. (~ç Sec. 1603(a)(2))."
http://www.puc.state.nh.us/regulatory/CaseFile%5C2010%5C10-195%5CMOTIONS-OBJECTIONS%5C10-195%202010-08-17%20Laidlaw%20Berlin%20BioPower%20Pet%20for%20Intervention%20and%20Motion%20for%20Expedited%20Consideration.PDF
“The 1603 tax credit has created flexibility for funding renewable energy projects and is fundamental for keeping the solar industry growing in America.” He added that the program supported $18 billion in new renewable energy projects and enabled 1,100 projects in 42 states."
http://www.cleanenergyauthority.com/solar-energy-news/treasury-grant-1603-121010/
From Laidlaw's petition for expedited consideration of their 70MW Biomass power plant in Berlin, NH:
"Specifically, the Project’s financing plan utilizes a program established under Section 1603 of the American Recovery and Reinvestment Act of 2009 (the “1603 Program”) which provides cash to qualifying renewable energy investment in lieu of the investment tax credit otherwise available under Section 48 of the Internal Revenue Code (the “ITC Credit”). The 1603 Program is available only to qualifying facilities that commence construction prior to January 1, 2011. (~ç Sec. 1603(a)(2))."
http://www.puc.state.nh.us/regulatory/CaseFile%5C2010%5C10-195%5CMOTIONS-OBJECTIONS%5C10-195%202010-08-17%20Laidlaw%20Berlin%20BioPower%20Pet%20for%20Intervention%20and%20Motion%20for%20Expedited%20Consideration.PDF
“We have to make a serious commitment to developing new sources of energy and we have to do it right away.” -Barack Obama
"Investing in energy projects is a marathon, not a sprint." -Michael B. Bartoszek
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