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Hydrogen Policy
Payments for Specified Energy Property in Lieu of Tax Credits under the American Recovery and Reinvestment Act of 2009
 Under Section 1603 of the American Recovery and Reinvestment Tax Act of 2009 (Section 1603), the United States Department of the Treasury makes payments to eligible persons who place in service specified energy property and apply for such payments. Fuel cell property that qualifies for these payments is defined as:
Qualified fuel cell property: Qualified fuel cell property is a fuel cell power plant that has a nameplate capacity of at least 0.5 kilowatt of electricity using an electrochemical process and has an electricity-only generation efficiency greater than 30%. A fuel cell power plant is an integrated system comprised of a fuel cell stack assembly and associated balance of plant components that converts a fuel into electricity using electrochemical means. Payments for qualified fuel cell property cannot exceed an amount equal to $1,500 for each 0.5 kilowatt of capacity of such property.
Qualified property must be originally placed in service between January 1, 2009, and December 31, 2010, or have construction that commences within that time period. Treasury is now accepting applications.
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