Support Renewable Energy Grants Program In House Economic Recovery Bill

Fact Sheet
February 11, 2009

For almost two decades, production and investment tax credits have been the primary tool used by the federal government to encourage extensive deployment of clean energy technologies such as wind, solar, and geothermal, and the production of high efficiency appliances. Unfortunately, the current economic climate is drastically reducing profits and thus tax liabilities, which is limiting the effectiveness of these tax credits. Without smart federal action, the construction of new renewable power projects and the manufacture and purchase of new, super-efficient appliances will plummet.