Stimulus bill greatly boosts cleantech

green economic stimulus

TriplePundit details the just-passed stimulus bill, which has $37.5 billion for cleantech and renewable energy, including $17 billion for high speed rail, as well as a multitude of tax credits.

Perhaps what’s most exciting about this bill isn’t the spending included, but the spending it will incite.

Existing tax credits for cleantech have been extended, limits have been lifted, and new credits have implemented. Also, it allows direct monetization of tax credits.

The bill even went as far as removing $50 billion in federal loan guarantees for nuclear energy.

Interesting.