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03 January 2012

30% Grant in Lieu of Tax Credit Expired

Posted in Solar Industry News

Investment Tax Credit still valid through 2016

30% Grant in Lieu of Tax Credit Expired

As it stands now, the wildly successful 30% Grant in Lieu of Tax Credit for renewable energy property (affectionately known as the 1603 or Treasury Grant Program) will not see the light of day in 2012, nor will 100% first-year bonus depreciation. This is not so much a policy development as a lack of policy development, but all is not lost. The clean energy industry will still be able to benefit from the 30% business energy investment tax credit and the residential renewable energy tax credit through the end of 2016, as well as 50% first-year bonus depreciation through 2012.  See DSIRE's Database for complete details.

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