Skip to content Skip to footer site map

Navigate Up
Sign In
 

Recovery Act

1603 Program: Payments for Specified Energy Property in Lieu of Tax Credits

The Department of the Treasury has responsibilities pursuant to the American Recovery and Reinvestment Act of 2009 (Recovery Act).  Among those responsibilities are several programs, including the 1603 Program:  Payments for Specified Energy Property in Lieu of Tax Credits.

 

Program Description

 

The Section 1603 program was created as part of the American Recovery and Reinvestment Tax Act of 2009 to increase investment in domestic clean energy production.  Under Section 1603 the Department of the Treasury made payments in lieu of investment tax credits to eligible applicants for specified energy property used in a trade or business or for the production of income.  The purpose of the 1603 payment was to reimburse eligible applicants for a portion of the cost of installing the specified energy property.  Specified energy property includes solar, wind, geothermal, biomass, fuel cells, hydropower, combined heat and power, landfill gas, municipal solid waste, and microturbine property.

Applicants were required to submit a completed application containing detailed information about the project, as well as supporting documentation demonstrating that (1) the property was eligible, (2) the property had been placed in service, and (3) the requested payment amount was accurate.

 

 

THE DEADLINE FOR SUBMITTING APPLICATIONS HAS EXPIRED

 

Program Results


The Section 1603 Program has disbursed over $26 billion to help fund 109,766 clean energy projects that are estimated to produce enough clean energy to power over 8.5 million homes. The awards vary in size ranging from $180.00 to over $500 million and include projects located throughout the United States and the U.S. Territories.  For more information see the Program Overview.

 

Ongoing Annual Report Requirements


In signing the Terms and Conditions, recipients of Section 1603 awards agree to submit a performance report for 5 years along with documentation of the annual production via the 1603 online system.  The performance report is due annually, 21 days after the anniversary of the date the energy property was placed in service.  Applicants receive a reminder notification via email 30 days before the report is due.

To access the electronic reporting system, go to the Treasury 1603 Sign on/Registration page (https://1603.treasury.gov), and log in with your user name (the email address you registered with) and password.

For assistance in using the 1603 online system go to 1603 Program Online System Guide.

For assistance with the annual report please refer to the Sample Annual Report and the list of Recommnedations for Annual Report Production Documentation or email 1603Questions@treasury.gov.

Failure to submit the annual performance report is a disqualifying event and may result in recapture of a portion of the award.

 

Program Documents

 

FAQs – General

These Frequently Asked Questions are about the 1603 program and their answers.
 

FAQs – Begun Construction

For energy properties that were not placed in service in 2009, 2010, 0r 2011, an eligibility requirement of the 1603 program was that construction of the energy property began in 2009, 2010, or 2011.  These are Frequently Asked Questions about this requirement.
 

Questions

You may email questions to1603Questions@treasury.gov.
 

List of Awards

Here is a List of Awards.
Here is the final  Program Overview.
 
Thank you for your interest in the 1603 program.

 

 

Bookmark and Share
Last Updated: 3/8/2018 2:45 PM

Contact Us

Department of the Treasury
1500 Pennsylvania Ave., N.W.
Washington, D.C. 20220

General Information: (202) 622-2000
Fax: (202) 622-6415
Hours: Mon-Fri 8:00am - 5:00pm

Untitled 1
Untitled 1

E-Mail Signup

Sign Up to Receive Treasury.gov News src= Sign up to Receive
Treasury.gov News