On Friday December 17 President Obama signed off on an extension of the popular 1603 grant program which would have expired on December 31, 2010.  The  program covers up to 30% of the cost of alternative energy project if the project is placed in service in 2011 or if construction begins before 2012 and the project is placed in service before the applicable credit termination date  Under prior law, a facility was required to be placed in service, or construction must have begun, before January 1, 2011. Read more about the 1603 extension.