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discreet_suffolk

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discreet_suffolk

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Tuesday, 12/14/2010 2:05:52 PM

Tuesday, December 14, 2010 2:05:52 PM

Post# of 103302
Cash-Grant Extension Passes Senate Vote .........

one-year extension in the deadline to start construction of new renewable energy projects to qualify for U.S.Treasury cash grants. The grants are 30% of the project cost.


The bill also would allow a 100% depreciation bonus on new equipment placed in service after Sept. 8, 2010, through the end of next year

The cash grant would be extended by simply changing dates in the existing program. It would not be turned into a tax-refund program. Owners of new renewable energy projects that are completed in 2009, 2010 or 2011, or that start construction in those three years and are completed by a deadline, would qualify for cash grants.



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