To be eligible for a Cash Grant, solar projects have until the end of 2016 to be “placed in service”; however, a preliminary Cash Grant application must have been filed before the end of 2012. Wind projects must have been placed in service before the end of 2012.
The increase in the sequester rate from 7.2 percent for fiscal year 2014 to 7.3 percent for fiscal year 2015 suggests that the federal budget deficit is slightly larger relative to the statutory target than it was last year.
1 The Cash Grant is provided for in Section 1603 of division B of the American Recovery and Reinvestment Act, as amended. For wind and solar projects, the Cash Grant is 30 percent of “eligible basis.”
