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1603 PROGRAM – PAYMENTS FOR SPECIFIED ENERGY PROPERTY IN LIEU OF TAX CREDITS


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APPLY

The Treasury Department is now accepting applications for the 1603 program. To apply:

  1. Read the GUIDANCE pdf icon , TERMS AND CONDITIONS pdf icon , and SAMPLE APPLICATION pdf icon.
  2. If you do not already have one, request a DUNS number by calling 1-866-705-5711. This is needed to complete section 3A of the application.
  3. Gather all of the documentation needed to complete section 6 of the application.
  4. Complete the on-line Application and sign the Terms and Conditions at https://treas1603.nrel.gov/.
  5. Register with the Central Contractor Registration (CCR) at www.ccr.gov/startregistration.aspx. This registration must be completed before a payment can be made.

ACCOUNTANT’S  CERTIFICATION

For properties placed in service having a cost basis in excess of $500,000, applicants must submit an ACCOUNTANT’S CERTIFICATION pdf icon with their application.

ASSIGNMENT OF PAYMENTS TO FINANCIAL INSTITUTIONS

Applicants have the option of assigning their payment to a financial institution.  For information on assigning payments received under the 1603 program to a financial institution, click on the following links:

FREQUENTLY ASKED QUESTIONS
Posted here are frequently asked questions about the 1603 program and their answers.

QUESTIONS
You may e-mail questions to 1603Questions@do.treas.gov.  Please note that the purpose of the 1603 mailbox is to answer questions regarding how to apply for the 1603 program.  This includes: how to submit an application, assign a payment, and prepare the independent accountant’s report.  We also answer general questions regarding applicant and property eligibility.  We cannot, however, answer questions that are more appropriately answered by tax accountants, lawyers, and the Internal Revenue Service.  This includes questions regarding what can and cannot be included in cost basis and whether or not certain business structures meet eligibility requirements.  Also, we cannot confirm eligibility for specific projects.

If you have already applied for the 1603 payment and have questions on your application or need technical support to up-load documents, change your password, or seek confirmation of additional up-loaded documents, please address those questions to: treas1603@nrel.gov.

VIEW LIST OF AWARDS
Posted here is a list of awards.  This list is updated weekly.
Thank you for your interest in the 1603 program.

 


Last Updated: February 1, 2010

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NEWS CLIPS
 

September 15, 2009
Reuters: UPDATE 1-U.S. gives tribes $1 bln stimulus bonding authority
As part of a $1 billion development bond program in the U.S. economic stimulus plan, 31 American Indian tribes on Tuesday received $22.6 million in tax-exempt bonding authority each, according to the Internal Revenue Service. (Read The Full Article)

September 15, 2009
AP: Economic development bonds awarded to 58 tribes
Nearly five dozen of the nation's American Indian tribes will share $1 billion in bond authority through the American Recovery and Reinvestment Act. (Read The Full Article).

 
 
   
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