Federal Tax Grant

The Federal Treasury Grant is an award equal to 30% of total “turn-key” system cost, paid to the system owner within 60 days of commission (connected to the grid and switched on). The grant is payable by the department of Treasury and is paid in lieu of a Tax Credit of the same amount.

Note: This incentive in the grant form is expected to expire at the end of 2011, after which a tax credit will exist. An interested company may take advantage of a “safe harbor” provision by spending 5% or more of the total system costs by December 31, 2011 and still receive the grant.