in News Departments > Policy Watch by Renew Grid on Wednesday 15 December 2010 By a vote of 81-19, the U.S. Senate has approved a comprehensive tax package that includes a one-year extension of the Department of Treasury's Section 1603 program, also known as the cash-grant program. Various organizations and trade associations have been lobbying for the program's extension, saying it has been instrumental in supporting the growth of the renewable energy industry. The program offers a cash grant to renewable energy developers in lieu of an investment tax credit. The legislation will now be considered by the House, which is expected to bring the bill to the floor later this week, the New York Times has reported.
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