Treasury 1603 grant program

Expired Treasury Renewable Energy Subsidy Created as Many as 75,000 Green Jobs, $44 Billion in…

The Treasury 1603 grant program– a renewable energy subsidy–was a key strut that kept the US renewable energy growing and creating green jobs in the wake of the near collapse of the US financial system and recession of 2008-2009. This should go a long way towards putting paid to Republican rhetorical diatribe about federal support for clean energy development and job creation, though it almost certainly won’t.

Clean Energy Leaders Unite, Write Congress to Extend 1603 Tax Credit Grants

A coalition of clean energy economy leaders and stakeholders has sent Congress a letter urging them to extend the Treasury Section 1603 grant program through 2012. Enacted to sustain investment flows in the wake of the 2008 financial systems collapse and due to expire at year-end, the 1603 grant program has been central to the continued growth and development of clean energy across the US in all its forms in ensuing years.