Instead of the ITC tax credit, businesses may elect to receive a grant equal to the ITC from the Treasury Dept. This is particularly valuable if your business is unable to use all of the federal tax credit. The grant is paid 60 days after the equipment is in service. Construction of the system must begin by 12/31/2011 and be complete and in service by 2016. This is a wonderful opportunity given by the government to collect that tax credit that you might have otherwise been ineligible to use in full.
Treasury Department Grants
Instead of the ITC tax credit, businesses may elect to receive a grant equal to the ITC from the Treasury Dept. This is particularly valuable if your business is unable to use all of the federal tax credit. The grant is paid 60 days after the equipment is in service. Construction of the system must begin by 12/31/2011 and be complete and in service by 2016. This is a wonderful opportunity given by the government to collect that tax credit that you might have otherwise been ineligible to use in full.
DSIRE explains the Treasury Grant
http://www.dsireusa.org/incentives/incentive.cfm?Incentive_Code=US53F&re=1&ee=1
US Treasury Grant Info
http://www.treas.gov/recovery/1603.shtml