STIMULUS: Tax credits, direct aid offered to renewable developers

Renewable energy developers have reason to celebrate after the federal stimulus bill was signed Feb. 18.

The package, known formally as the American Recovery and Reinvestment Act, provides renewable energy researchers, manufacturers, developers and landowners who install individual projects nearly $27 billion in direct support, more than $7 billion in bond and loan programs and $3.1 billion for the states, as well as extensions and expansions of myriad tax credits, according to the American Council on Renewable Energy and American Wind Energy Association.

DEVELOPERS GEARING UP

What each state will receive is not yet clear,... [continue via Web link]