U.S. Incentives to Promote Clean Energy
The American Recovery and Reinvestment Act of 2009 (ARRA) was passed in response to the worldwide economic crisis of 2008-2009 and contains various direct spendingprog rams, tax incentives, grants, loans, loan guarantees, and bond programs to develop renewable and clean energy technologies. The ARRA is $787 billion overall, with more than $50 billion devoted to clean and renewable energy. This article describes two of the ARRA’s key provisions: amendments to the Loan Guarantee Program established in the Energy Policy Act of 2005 (EPACT) and the cash grant program for qualified renewable energy power facilities.Download newsletter here
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