By Susan Marriott

energy_solar_panel.jpgIn an earlier post, we discussed the opportunity for supply chain manufacturers as a result of the NY-Sun program.  New York’s solar energy industry received an additional boost with the recent passage of the New York Solar Bill by the state Assembly on June 20, 2013.  The bill would extend the NY-Sun program for an additional ten years, through 2023, which if signed into law would make good on Governor Cuomo’s commitment to extend the program in his State of the State address earlier this year.  The result would be an additional 2,200 MW of solar energy capacity, enough to power 400,000 New York homes.  Before the bill can be signed into law, it must be reconciled with the version previously passed by the Senate, which contained an additional manufacturing tax credit that was not in the Assembly version.
Continue Reading Extension of NY-Sun Program May Benefit Hurricane Preparedness

By Donald T. Ross

A critical component of the American Recovery and Reinvestment Tax Act of 2009 (a.k.a. the Stimulus) is the Department of Treasury’s (“Treasury”) Payments for Specified Energy in Lieu of Tax Credits.  Rather than claim a tax credit based on placing certain specified energy property in service, applicants receive a cash grant directly from the United States Treasury during the year in which the property is placed in service.  As with most targeted government incentives, the devil is in the details, particularly as to the timing of the project.
Continue Reading Stimulus Grants for Renewable Energy Projects: How to Make Sure Your Project Qualifies