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US Departments of Treasury, Energy Announce More Than $3B in Recovery Act Funds for Direct Payments for Renewable Energy Projects

Everything you need to know:

The US Departments of Treasury and Energy announced that they will be providing about $3 billion in direct payments to renewable energy projects in lieu of tax credits in order to stimulate the economy. These payments would get money to the estimated 5000 qualifying projects faster than a tax credit would. The money is coming from the American Recovery and Reinvestment Act.

Thursday, July 09 2009
United States
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