Renewable Energy Grants and Incentives
Pre-Grant Application Advisory Services
As a potential Section 1603 grant applicant, it is critical that you are fully aware of all program requirements, limitations, and deadlines. Cleantech Law Partners offers Section 1603 pre-grant application advisory services on eligible basis issues. We can help determine if your project will meet the requirements stipulated in the grant guidance documentation once your application is submitted. We will also advise on the optimal timing for your application submission.
Grant Application Advisory Services
The Section 1603 grant application is internet-based and designed to be user-friendly. However, there are a number of required certifications and verifications of expenditures and operation. These vary according to the type of renewable energy property contained in the project. There are also supporting materials and certifications that must be submitted as part of your grant application, which our grant team can help with, including:
● Independent Accountant Certification
CLP works with leading accounting agencies and can help clients acquire a certification of the cost structure of a renewable energy property, which is required for all grant applications with a cost basis exceeding $500,000.
● Assessment of Leased Property Value
A lessor eligible to receive a Section 1603 payment with respect to a property may elect to pass-through the Section 1603 payment to a lessee. An independent assessment of the fair market value on the date the property is transferred to the lessee must be conducted under the requirements of the grant program. CLP can help draft the necessary agreements and clause to facilitate this transaction.
● Placed in Service Certification
For property eligible for a Section 1603 grant, documentation must be provided to demonstrate that the property has been placed in service. An independent third party must be used to certify that the equipment has been installed, tested, and is ready and capable of being used for its intended purpose.
● Safe Harbor Compliance Testing
An applicant may treat physical construction as having started if more than 5 percent of the total cost has been incurred or paid. Cleantech Law Partners can help navigate this provision and assess whether the “5% test” of total costs is met.
● Other Application and Registration Services
Grant applicants must apply for several identifying data elements including a Data Universal Numbering System (DUNS) number from Dun and Bradstreet. They are also required to register with the Central Contractor Registration (CCR). Cleantech Law Partners can provide grant advisory services to ensure all required applications and registrations are fulfilled.