NREL releases report on 1603 grant program results

The program, which was operational from 2009 to 2011, offered renewable energy project developers a one-time cash payment in place of the Investment Tax Credit and Production Tax Credit and provided 30 percent of total eligible costs of a project for most types of renewable energy.
Amongst the report’s findings, the §1603 grant program has provided approximately $9 billion in funds to over 23,000 PV and large wind projects, comprising 13.5 GW of generating capacity. The study also estimates that construction- and installation-related expenditures are estimated to have supported an average of 52,000–75,000 direct and indirect jobs per year over the program’s operational period.