Department of the Treasury
Departmental Offices
Annual Performance Report and Certification for Section 1603: Payments for Specified Renewable Energy Property in Lieu of Tax Credits
OMB Control Number 1505-0221
Authorized under the American Recovery and Reinvestment Act (ARRA), of 2009 (Pub. L. 111-5), the Department of the Treasury has implemented several provisions of the Act, more specifically Division B-Tax, Unemployment, Health, State Fiscal Relief, and Other Provisions. Among these components is a program which requires Treasury, in lieu of a tax credit, to reimburse persons who place in service certain specified energy properties. The collection of information is necessary to properly monitor compliance with program requirements. Applicants for Section 1603 payments commit in the terms and conditions that are part of the application to submitting an annual report for five years from the date the energy property is placed in service.
The information collected will be used to:
(1) determine whether payment recipients remain eligible,
(2) determine that the amount of the 1603 payment remains allowable under applicable laws,
(3) assess compliance with applicable laws, and
(4) report on the effectiveness of the program.
Awardees will complete the annual report and certification via an online system. Supporting documentation can be uploaded with the report data. Data from reports will be stored electronically.
The information that will be collected may have some overlap with similar data collected under previously approved information collections for applications. However, previously approved information is shown in the fillable form and respondents update the information if there is a change in the circumstances.
Since this is a voluntary program, we anticipate no undue impact on small entities.
The terms and conditions of the Section 1603 program require that reports be filed annually, thus the information cannot be collected less frequently. Failure to submit this information annually would impair Treasury’s ability to oversee and ensure compliance with the program’s rules.
There are no special circumstances that would cause this information collection to be conducted in a manner inconsistent with 5 CFR 1320.5.
Treasury published a notice in the Federal Register soliciting comments from the public on October 28, 2019 at 84 FR 57809. The notice requested comments on practical utility; accuracy in estimates, enhancement of collected information, burden reduction, and capital start-up costs associated with the compliance reporting. No public comments were received.
No payments or gifts are provided to respondents.
The information collected will not be shared except as required by law.
Personally identifiable information (PII) is not collected.
The number of respondents is the estimated 150,000 applicants who become awardees in the 1603 program. It will take approximately 15 minutes to complete the Annual Performance Report and Certification. The estimated annual burden is 37,500 hours. The respondents report annually for five years.
No. of Respondents |
No. Responses Per Respondent |
Total Annual Responses |
Hours per Response |
Total Annual Burden |
Total Annual Labor Cost 1 |
150,000 |
1 |
150,000 |
0.25 |
37,500 |
$1,339,500 |
There are no estimated non-labor costs to respondents. The respondent will check prefilled information (from the application) in the annual report and will upload a document showing continued production from the energy property.
The cost to the federal government is estimated to be $78,278 for staff time to review post-award reports, follow up with respondents and monitor compliance with program requirements. The cost is the annual salary of a GS-13, Step 8 employee ($122,310) at forty percent time ($48,924), plus an additional sixty percent to account for benefits and overhead, for a fully-loaded total cost of $78,278.
There is no change or adjustment to this burden previously approved by OMB.
The Treasury Department will conduct compliance checks. There is no plan for tabulation, statistical analysis, or publication.
Display of the OMB expiration date will create confusion because this program has a limited duration.
Regarding this request for OMB approval, there are no exceptions to the certification under 5 CFR 1320.9.
1 Wage rate calculated by taking the mean wage for all occupations of $24.98/hour and increasing it by 43% to account for the total employer cost of compensation (incl. benefits, taxes and overhead). The resulting fully-loaded wage rate is $35.72. Wage data taken from the Bureau of Labor Statistics, “Occupational Employment Statistics, May 2018.” https://www.bls.gov/oes/current/oes_nat.htm
| File Type | application/vnd.openxmlformats-officedocument.wordprocessingml.document |
| File Title | #1505-0221 supporting statement: 2016 |
| Author | Gladden, Sustanchia |
| File Modified | 0000-00-00 |
| File Created | 2021-01-14 |