Real Promise or False Hope: DOE's Title XVII Loan Guarantee

Abstract

While the American Recovery and Reinvestment Act of 2009 expanded the DOE loan guarantee program to include certain "shovel-ready" projects, and appropriated $6 billion to cover the credit subsidy cost associated with these projects, it failed to resolve some of the most pressing problems facing the program. Here are some recommendations that may finally get some shovels in the ground.