The $787 billion stimulus bill contains a number of other provisions potentially benefitting small wind, such as:

• The option to receive a cash grant through the US Treasury in lieu of the ITC. Taxpayers that are eligible for an investment tax credit can receive an equivalent financial grant from the Department of Treasury instead of claiming the credit.
• An expansion of the Clean Renewable Energy Bond (CREB) program by $1.6 billion to finance facilities that generate electricity from a number of renewable resources, including wind.
• A new loan guarantee program through the Department of Energy for “commercial” and “innovative” technologies related to generation, transmission, and manufacturing of certain energy equipment.
• Repeal of subsidized energy financing limitation on the ITC. Under current law, the amount of the investment tax credit must be reduced if the property qualifying for the investment tax credit is also financed with industrial development bonds or through any other Federal, state, or local subsidized financing program. The bill repeals this subsidized energy financing limitation on the investment tax credit in order to allow businesses and individuals to qualify for the full amount of the investment tax credit even if such property is financed with industrial development bonds, or through any other subsidized energy financing.
• Extension of bonus depreciation for businesses. Last year, Congress temporarily allowed businesses to recover the costs of capital expenditures made in 2008 faster than the ordinary depreciation schedule would allow by permitting these businesses to immediately write off fifty percent of the cost of depreciable property (e.g., equipment, tractors, wind turbines, solar panels, and computers) acquired in 2008 for use in the United States. The bill extends this temporary benefit for capital expenditures incurred in 2009.
• Five-year carryback of net operating losses for small businesses. see the full story