© 2009, Ice Miller LLP
Impact	Change	Guidelines Under Stimulus Package	Contact
Renewable Energy and Green Projects			Kristina Tridico - kristina.tridico@icemiller.com
Energy Producers	30% tax credit	Companies that manufacture advanced energy property, which includes technology for the production of renewable energy, energy storage, energy conservation, efficient transmission and distribution of electricity, and carbon capture or sequestration are eligible for the credit.
Electricity Producers' Tax Credits	Increases placed in service date for 3 years	Extension is for facilities producing electricity from wind, closed loop biomass, geothermal energy, municipal solid waste, and qualified hydropower.
Clean Renewable Energy Bonds	Additional bonds will be available	The tax credit bonds may be used to finance renewable energy projects.
Qualified Energy Conservation Bonds	Additional bonds will be available	The tax credit bonds were established in the bailout legislation of October 2008.
Investment Tax Credit	30% investment credit	Allows temporary election to claim 30% investment credit in lieu of the production tax credit.  Wind facilities currently qualify for only the production tax credit which is claimed over 10 years.  Investors can now realize tax benefits sooner as the credit is claimed over a shorter period of time.