About Renewable Energy Massachusetts LLC
Renewable Energy Massachusetts LLC (REM) is a Massachusetts-based solar energy development company founded in 2009 that has developed several large-scale operating solar projects in Massachusetts. REM is a member of the Northeast Clean Energy Council, has been an active participant in the Massachusetts DOER and DPU solar energy policy making process, and is currently developing several megawatt-scale municipal and community shared solar energy projects in the Commonwealth.
Federal Investment Tax Credit (ITC) Grant Program – revised program guidance issued
March 15, 2010 (Cambridge, MA) – The United States Department of the Treasury today provided updated guidance on the terms and conditions applicable to “Payments for Specified Energy Property in Lieu of Tax Credits under the American Recovery and Reinvestment Act of 2009.” These Investment Tax Credit (ITC) grant payments are made in cash by the Treasury Department to solar photovoltaic energy generation facilities and other qualified renewable energy facilities under Section 1603 of the Internal Revenue Code, as more fully described at the Treasury Department website.