The U.S. House of Representatives may vote as early as next week on a stimulus package that could bring relief to the beleaguered American economy. Known as the American Recovery and Reinvestment Act of 2009, the bill (H.R. 598) contains provisions that could help bring stability to the renewable energy industry amid the tough economic environment. The bill was introduced in the House of Representatives on January 16, 2009 as part of the US $825 billion economic stimulus plan that President Barack Obama has been touting since before his inauguration last week.

"The House bill is the one that has everyone talking. Most bills would allow companies to take the ITC in lieu of the PTC. The House bill however gives the option to trade those credits in as grants from DOE." -- Greg Jenner, Partner, Stoel Rives