From the DOE office of Energy Efficiency and Renewable Energy:
Through the American Recovery and Reinvestment Act of 2009, the Department of Treasury is awarding $2.3 billion in tax credits for qualified investments in advanced energy projects to support new, expanded, or re-equipped domestic manufacturing facilities. The Advanced Energy Manufacturing Tax Credit will help secure American leadership in the clean energy sector by supporting the larger goals of the Recovery Act to stimulate economic growth, create jobs, and reduce greenhouse gas (GHG) emissions.
The U.S. Department of Energy (DOE) and the Internal Revenue Service (IRS) will review applications and make determinations on eligibility and merit. The application period opens August 14, 2009. Preliminary applications are due September 16, 2009, followed by final applications due to DOE and the IRS October 16, 2009.
Eligible projects include:
- Technologies that create energy from renewable resources
- Energy storage technologies
- Advanced transmission technologies that support renewable generation
- Renewable fuel refining
- Energy conservation technologies
- Plug-in electric vehicles and components
- Property to capture and sequester carbon dioxide emissions, and to reduce GHG emissions.
Successful applicants will receive acceptance agreements from the IRS by April 16, 2010. Projects must be completed within 4 years of acceptance. Credits will cover future expenses and will not award past investment(s).
Read the DOE press release to learn more. Make sure to look in the right column for application forms and contact information.
Visit ITP's solicitations page for information on other financial opportunities.