The economic stimulus package offers utility and power companies an opportunity to jump-start smart grid and other clean energy projects.rnIt's no wonder utility companies are enticed by the American Recovery and Reinvestment Act of 2009 (ARRA) and its billions of economic stimulus dollars waiting to be spent on renewable energy projects, smart grid technologies and clean energy initiatives.rnSigned into law Feb. 17, the federal legislation provides about $83 billion in tax incentives, loan guarantees and government grants for investments in energy-efficient technologies and renewable energy programs. These incentives might be a precursor to a more comprehensive U.S. energy policy with renewable energy and a cap-and-trade climate change as prominent components.
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