Obama's Stimulus, now that it's a law, here's The Green Summary

The $787 billion package offers up money for solar, wind, smart grid, batteries, hybrid cars and more. We provide a list of incentives for these sectors.

by: Ucilia Wang February 17, 2009

President Obama made the $787 billion stimulus package official with his signature Tuesday. The package comes with goodies for solar, wind, smart grid, plug-in hybrid cars and other types of greentech businesses.

Obama showed up in Devner to sign the bill. "We are laying the ground work for a green energy economy that can create countless green jobs. We will transform the way we use energy," he said.

The American Recovery and Reinvestment Act will set up a program to provide roughly $60 billion worth of loan guarantees to offset the costs of manufacturing renewable energy equipment, developing renewable power projects and building electric transmission lines, according to the Solar Energy Industries Association (see SEIA's summary of the package for all renewable energy sectors).

A 30 percent investment tax credit will be available for companies that make equipment for renewable energy systems, energy storage equipment, smart grid, energy-efficient lighting, electric transmission and distribution and carbon capture and sequestration (see House Speaker Pelosi's list of incentives).

Here are some other provisions:

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