Treasury Announces That Applications for Grants in Lieu of ITC and PTC Now Being Accepted

July 30, 2009 by
Filed under: Green Power 



The US Department of the Treasury announced today that applications are now being accepted for grants in lieu of income tax credits pursuant to the American Recovery and Reinvestment Act of 2009 (ARRA). ARRA, which was enacted in February, permits an applicant to receive a grant from the Treasury Department in lieu of claiming investment tax credits (ITCs) or production tax credits (PTCs).

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Treasury Announces That Applications for Grants in Lieu of ITC and PTC Now Being Accepted

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