A federal grant program created to boost renewable energy development during the height of the economic crisis supported 75,000 jobs and more than $25 billion in economic activity, according to a new analysis from the Department of Energy.
The grant program was created in February of 2009 as part of the stimulus package. It allowed developers to take a cash grant through the Treasury in lieu of a tax credit, helping thaw out the frozen capital markets and stimulate strong activity in the renewable energy sector.
The grant program was created in February of 2009 as part of the stimulus package. It allowed developers to take a cash grant through the Treasury in lieu of a tax credit, helping thaw out the frozen capital markets and stimulate strong activity in the renewable energy sector.
