The U.S. Department of the Treasury and the U.S. Department of Energy  announced today that it is now accepting applications for an estimated $3 billion  for the development of renewable energy projects around the country. The ITC grant program is funded through the American Recovery and Reinvestment Act and will provide direct payments in lieu of tax credits in support of an estimated 5,000 bio-mass, solar, wind, and other types of renewable energy production facilities.

The U.S. Department of Treasury and Energy have made available the terms and conditions, guidance, and a sample application so that companies can prepare successful applications in advance of the launch of the web based application in the coming weeks. This guidance is available here:

To apply for the program, please go to