Archive for December, 2011

Latest U.S. Legislation Fails To Provide Extension For 1603 Grant Program

Wednesday, December 28th, 2011

New legislation agreed upon by the U.S. House of Representatives and Senate on Dec. 22 – which focuses on a payroll tax extension, unemployment insurance benefits and Medicare – does not include an extension of the U.S. Department of Treasury’s Section 1603 cash-grant program, which is scheduled to expire at the end of 2011.

The solar sector and other renewable energy stakeholders had vigorously lobbied for the continuation of this program in recent months.

The final agreement, which has been signed into law by President Obama, includes future work by senators and representatives on reconciling the differences between the chambers. Congress is expected to reconvene the week of January 23, 2012.

Rhone Resch, president and CEO of the Solar Energy Industries Association (SEIA), said in a letter to members that these negotiations – while controversial and uncertain – may provide a new opportunity for including an extension of the Section 1603 program and other renewable energy tax provisions.

Resch wrote that there is “support in Congress for addressing business and energy tax extenders as part of a longer-term agreement” on payroll taxes and other economic provisions, and that SEIA plans to continue to push for extension of the popular 1603 program.

“Of course this is a big disappointment to all of us in the solar energy industry,” said Jim Bartlett, co-founder and CEO of Arise Energy Solutions. “The impact will be solely on new commercial installations. Existing commercial clients who previously qualified for a 1603 cash grant are unaffected,” said Bartlett. “Furthermore, our residential clients still have the ability to file for the 30% Federal tax credit, which remains uncapped, and expected to be in place until 2016.”

1603 COALITION – TIME SENSITIVE: Contact Your Senators and Ask Them to Sign!

Thursday, December 8th, 2011

Please contact your senators and ask them to sign the Kerry/Whitehouse/Cantwell/Udall (CO) letter supporting extension of the 1603 Treasury Grant Program

Thank you for supporting the 1603 Coalition’s efforts to extend the 1603 Treasury Program. We have now entered a time-sensitive window of opportunity and we need your immediate help in contacting Senators to extend this important program.

A sign-on letter is currently being circulated by Senators Kerry, Whitehouse, Cantwell and Udall (CO). The letter calls for an extension of the 1603 Treasury Program, the biodiesel tax incentive, the 48C manufacturing credit and the wind production tax credit. Due to the status of negotiations in Congress, the Senate champions of this letter want to finalize the letter as soon as is possible. Thus, we need you to contact your Senators before noon on Thursday December 8, 2011 if at all possible.

Click here to contact your Senators immediately and urge them to add their signatures to this letter.

To extend the Section 1603 Treasury Program before it expires at the end of the year, it is imperative that there be a strong show of support on the Kerry/Whitehouse/Cantwell/Udall (CO) letter. We at Arise Energy Solutions hope that everyone who reads this call for action can take a few minutes to help with this important effort.

Thanks in advance for your help with this issue of vital importance.

Best Regards – Jim

Jim Bartlett, Co-Founder & CEO
NABCEP Certified Solar PV Installer™


Arise Energy Solutions, LLC
The Affordable Renewable Energy Solutions Company
“We Connect You With a Higher Power”
www.AriseEnergy.com
Direct: 720-468-3225
jbartlett@ariseenergy.com