Companies, Organizations Call for Extension Of Renewable Energy Cash Grants Program

摘要

A popular stimulus program that provides cash grants to renewable energy developers instead of tax credits should be extended, 764 companies and organizations wrote in a Nov. 30 letter to House and Senate leaders. The program, known as the 1603 Treasury Department Grant Program, allows recipients to receive a federal grant in lieu of taking an existing tax credit. It is set to expire Dec. 31.