Treasury Department Clarifies Availability of Cash Grant for Waste-to-Fuel Conversion Equipment
The U.S. Treasury Department (“Treasury”) has released additional guidance clarifying that waste-to-fuel conversion equipment may qualify for the 30 percent cash grant under ARRA Section 1603 in many circumstances. On April 13, Treasury updated the formal program Guidance (the “Guidance”) and added several items to its list of Frequently Asked Questions (the “FAQs”) to clarify that equipment that converts biomass, municipal solid waste, and other qualifying resources to fuel that is used to generate electricity may be eligible for the grant. Eligibility is possible even if the conversion equipment and the generation equipment are located at different sites and/or owned by different persons.
For more information, please contact the Renewable Energy Law Practice Group at Lane Powell: