The American Recovery and Reinvestment Act of 2009 allocates approximately $60 billion for tax incentives and funding for clean energy and efficiency programs. Incentives for clean tech programs in the stimulus package include:
- $6 billion for loans to support the use of technologies to reduce air pollution and greenhouse gases,
- $500 million for research and jobs creation in the energy efficiency and renewable energy industries, and
- $4.5 billion for research and implementation for upgrading and modernization of the electricity grid.
On Ferbuary 26 at noon U.S. eastern time, Pepper Hamilton, KPMG and GreenWorld Capital will host a free webinar to discuss the impact of the stimulus package and other prospective clean tech legislation on various industry sectors. To register for the webinar, click here. For more information about the webinar, click here.