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The House and Senate conferees have reached a deal on the American Recovery and Reinvestment Act. The agreement was reached late last night and has cut the total value of the bill to US $789 billion. The bill will be a boon for the renewable energy industry. All of the provisions that were contained in the Senate version of the bill were retained. In addition, the grants in lieu of tax credits clause that the House version of the bill contained made the final package.