alliantgroup and alliantNational, the firm’s Washington, D.C. office, are proud to announce the launch of a new Section 1603 renewable energy grants service line.
Section 1603, originally passed as part of the American Recovery and Reinvestment Act of 2009, is a green energy subsidy program created by Congress to reimburse grant recipients for a portion of the cost to install certain types of energy systems at business locations.
alliantNational’s team is uniquely qualified to assist energy project developers on all matters related to Section 1603, including a complete assessment of transactions, advisement on the tax implications of current and future projects, determining and justifying 1603 properties, full representation before the Department of Treasury and the IRS, and full audit defense.
alliantgroup CEO Dhaval Jadav said, “Programs like Section 1603 are of immense importance due to their positive economic and environmental impact. Considering the new taxpayer friendly precedent in this area, I would encourage all those involved in the renewable energy sector to take a look at Section 1603.”
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