Wednesday, January 06, 2010 6:00:24 PM
Fifty-four billion dollars is set aside for renewable energy development and other alternative energy projects.
The stimulus, officially called the "American Recovery and Reinvestment Act of 2009," allocates about $47 billion for renewable energy, smart grid, and energy efficiency programs.
An additional $20 billion is available for in the form of tax incentives, which includes an extension of the production tax credit (PTC) and a new investment tax credit (ITC) for manufacturers of renewable energy technology.
Couple that initiative with our country's big green push for green buildings, cleaner air and soil, green energy, eco-friendly packaging and so forth and you have a lucrative money making opportunity on your hands in green, eco-friendly investments.
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