Section 1603 Treasury Grant Expiration: Industry Insight on Financing and Market Implications
In the wake of the 2008-2009 financial crises, tax equity investors largely withdrew from the renewable energy market, resulting in project development stagnation. In response, Congress established the Treasury grant program pursuant to Section 1603 of the American Recovery and Reinvestment Act (§1603 Program) to offer a cash payment in lieu of production and investment tax credits. The authors of the report, §1603 Treasury Grant Expiration: Industry Insight on Financing and Market Implications, address the potential project financing and market impacts from the expiration of the §1603 Program.
This information was last updated on 7/24/2012