{"id":1102,"date":"2009-08-01T10:09:58","date_gmt":"2009-08-01T10:09:58","guid":{"rendered":"http:\/\/www.energyrefuge.com\/blog\/?p=1102"},"modified":"2017-09-05T17:53:23","modified_gmt":"2017-09-05T21:53:23","slug":"treasury-and-energy-departments-open-renewable-energy-grant-applications","status":"publish","type":"post","link":"https:\/\/www.energyrefuge.com\/blog\/treasury-and-energy-departments-open-renewable-energy-grant-applications\/","title":{"rendered":"Treasury and Energy Departments open renewable energy grant applications"},"content":{"rendered":"<p><img decoding=\"async\" class=\"left off\" src=\"http:\/\/www.energyrefuge.com\/blog\/wp-content\/uploads\/2007\/08\/americanflag.jpg\"\/>The U.S. Department of Energy and the U.S. Department of the Treasury yesterday announced they are now accepting applications for a program that will make direct payments in lieu of tax credits to companies that create and place in service renewable energy facilities. The two Departments estimate distributing at least $3 billion in financial support to approximately 5,000 bio-mass, solar, wind, and other types of renewable energy production facilities. The funding for this effort is made available through the American Recovery and Reinvestment Act.<\/p>\n<p><!--more--><\/p>\n<p>&#8220;This program will play a major role in encouraging private sector capital to invest in clean energy development, creating new jobs that can&#8217;t be outsourced.  It is an investment that will continue to help our economy grow and ensure advancement in clean and renewable energy development&#8221;, said Secretary Chu.<\/p>\n<p><!--adsense#300--><\/p>\n<p> \u00e2\u20ac\u0153As we move quickly to get our economy back on track and to repair the financial system, we must make investments that lay the foundation for a stronger economic future,\u00e2\u20ac\u009d said Treasury Secretary Timothy Geithner.  \u00e2\u20ac\u0153Too many renewable energy projects have stalled due to a lack of financing. The Recovery Act program will lead to investment in our long-term energy needs, move us towards energy independence, increase jobs at energy-specific businesses, and protect our environment.\u00e2\u20ac\u009d<\/p>\n<p>The Recovery Act authorized Treasury to make direct payments to companies that create and place in service renewable energy facilities beginning January 1, 2009.  Previously, these companies could file for a tax credit to cover a portion of the renewable energy project\u00e2\u20ac\u2122s cost; under the new program, applicants would agree to forgo future tax credits in favor of an immediate reimbursement of a portion of the property expense. The Energy Department will assist Treasury in implementing this program by reviewing the technical merits of the applications.<\/p>\n<p><!--adsense--><\/p>\n<h3 class='related_post_title'>Related Posts:<\/h3><ul class='related_post'><li>No Related Posts Found! Go find some...<\/li><\/ul>","protected":false},"excerpt":{"rendered":"<p>The U.S. Department of Energy and the U.S. Department of the Treasury yesterday announced they are now accepting applications for a program that will make direct payments in lieu of tax credits to companies that create and place in service renewable energy facilities. The two Departments estimate distributing at least $3 billion in financial support [&hellip;]<\/p>\n","protected":false},"author":8,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[8,34,54,20,45,33,19],"tags":[],"class_list":["post-1102","post","type-post","status-publish","format-standard","hentry","category-alternative-energy","category-biofuel","category-biomass","category-green-politics","category-renewable-energy","category-solar-power","category-wind-energy"],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/www.energyrefuge.com\/blog\/wp-json\/wp\/v2\/posts\/1102","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.energyrefuge.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.energyrefuge.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.energyrefuge.com\/blog\/wp-json\/wp\/v2\/users\/8"}],"replies":[{"embeddable":true,"href":"https:\/\/www.energyrefuge.com\/blog\/wp-json\/wp\/v2\/comments?post=1102"}],"version-history":[{"count":1,"href":"https:\/\/www.energyrefuge.com\/blog\/wp-json\/wp\/v2\/posts\/1102\/revisions"}],"predecessor-version":[{"id":9683,"href":"https:\/\/www.energyrefuge.com\/blog\/wp-json\/wp\/v2\/posts\/1102\/revisions\/9683"}],"wp:attachment":[{"href":"https:\/\/www.energyrefuge.com\/blog\/wp-json\/wp\/v2\/media?parent=1102"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.energyrefuge.com\/blog\/wp-json\/wp\/v2\/categories?post=1102"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.energyrefuge.com\/blog\/wp-json\/wp\/v2\/tags?post=1102"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}