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Preliminary evaluation of the Section 1603 treasury grant program for renewable power projects in the United States

Dates

Year
2010

Citation

Bolinger, Mark, Wiser, Ryan, and Darghouth, Naïm, 2010, Preliminary evaluation of the Section 1603 treasury grant program for renewable power projects in the United States: Energy Policy, v. 38, iss. 11, p. 6804-6819.

Summary

This article evaluates the first year of the Section 1603 Treasury cash grant program, which enables renewable power projects in the US to elect cash grants in lieu of the federal tax credits that are otherwise available. To date, the program has been heavily subscribed, particularly by wind power projects, which had received 86% of the nearly $2.6 billion in grants that had been disbursed as of March 1, 2010. As of that date, 6.2 GW of the 10 GW of new wind capacity installed in the US in 2009 had applied for grants in lieu of production tax credits. Roughly 2.4 GW of this wind capacity may not have otherwise been built in 2009 in the absence of the grant program; this 2.4 GW may have supported approximately 51,600 short-term full-time-equivalent [...]

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Additional Information

Identifiers

Type Scheme Key
DOI WECC []
ISSN WECC 0301-4215

Citation Extension

journalEnergy Policy
parts
typePages
value6804-6819
typeVolume
value38
typeIssue
value11
citationTypeJournal Article

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