Summary of the American Recovery and Reinvestment Act (ARRA)
Download a pdf version of our ARRA summary.
The American Recovery and Reinvestment Act (ARRA) included a total of $787 Billion in new spending and tax incentives. The new spending involves about $42 billion in energy related investments, $21 billion in vehicles/transportation spending (transit assistance, energy efficient fleets, etc.), and about $570 million in climate science research spending. In addition, there are about $21 billion in energy-related tax incentives such as extending the renewable energy production tax credit and an additional $1.6 billion in Clean Renewable Energy Bonds.
The Administration released a memo to Heads of Departments and Agencies that served as the first installment of government-wide guidance for carrying out the programs and activities funded by the ARRA.
Click here to read the memo.
Information on how agencies and states will be using their funds