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Duncan - The Low Carbon Economy Ltd

28 Jul 2009 01:07:11

US DOE and Treasury Announce $3 Billion for Renewable Energy Projects

The U.S. Department of Energy (DOE) and the U.S. Department of the Treasury announced an estimated $3 billion for the development of renewable energy projects, funded through the American Recovery and Reinvestment Act (ARRA). Funding under this program would allow for direct payments in lieu of tax credits to support installation of renewable energy production facilities by both large companies and small businesses. While applications for the funds are not yet being accepted, the Treasury has posted documents including guidelines and a sample application so that companies can prepare proposals in advance.

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