Putting America Back to Work with Clean Energy | Center for American Progress

We know from experience that the twin objectives of jobs growth and a clean energy future go hand in hand. Research from CAP and the University of Massachusetts shows how investments in clean energy could revitalize our economy and create millions of new jobs over the course of a decade. So far, results from the American Recovery and Reinvestment Act of 2009 are bearing out this hypothesis, proving that clean energy carries substantial job creation potential. Three specific clean energy programs—the Treasury cash grant in lieu of a tax credit (known as the 1603 program), the advanced energy manufacturing tax credit (known as the 48C program), and the Department of Energy loan guarantee program—have cost the government about $7 billion—only 1 percent of Recovery Act funding—but have leveraged more than $12 billion in private capital and account for more than 13 percent of the jobs created directly by Recovery Act funding.

via Putting America Back to Work with Clean Energy | Center for American Progress.

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