The American Recovery and Reinvestment Act of 2009 (ARRA), a $787 billion stimulus package enacted on February 17, 2009, extended and/or epxanded upon a number of existing renewable energy tax credits and federal government funding programs. It also created various new tax incentives and government stimulus financing programs. Through the ARRA, President Obama seeks to double the percentag eof renewable energy from 7.5 percent to 15 percent and create 5 million new jobs in the next three years.
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