As solar panel prices “dropped like a rock,” AllEarth Renewables CEO David Blittersdorf shifted his company’s focus from home wind turbines to the AllSun Tracker, a dual-axis solar tracker. “You need to be flexible and operate with speed,” the 30-year veteran of renewable energy says in this Wind Talk podcast. Blittersdorf also discusses his Vermont-based…
IRS to audit Section 1603 Treasury Grant Payments
This article comes from law firm Troutman Sanders LLC The IRS has taken the position that in the course of an audit of a taxpayer’s return, it has the authority to challenge the amount of a Section 1603 Treasury cash grant previously paid to the taxpayer in the year under audit. This comes as a…
Recovery Act Sec. 1603 updates grant applications
The US Treasury Department and National Renewable Energy Laboratory recently updated the application used to apply for grants in lieu of tax credits (Grants) under Section 1603 of the American Recovery and Reinvestment Act of 2009. Section 1603 established a program whereby an eligible person could, in lieu of claiming the production tax credit under…