[RE-wrenches] Stimulus Package & Solar Thermal

[Dave Click]

According to REA, yes that cap (and a few others) has been lifted:
http://www.renewableenergyworld.com/rea/news/article/2009/02/update-house-passes-final-version-of-stimulus-package

"Caps on the tax credits for residential solar hot water, geothermal
heat and small wind systems will be removed under the new bill as well.
Under current law, businesses are allowed to claim a 30% tax credit for
qualified small wind energy property capped at $4,000. Individuals are
allowed to claim a 30% tax credit for qualified solar water heating
property capped at $2,000; qualified small wind energy property, capped
at $500 per kilowatt of capacity, up to $4,000; and qualified geothermal
heat pumps capped at $2,000. This proposal is estimated to cost $872
million over 10 years."

This is the only place I've seen it; Pelosi's summary on SEIA's website 
doesn't mention these specifically.
http://seia.org/galleries/pdf/Economic Recovery Conference Report 
Overview 02 12 09 FINAL.pdf

DKC

-------- Original Message --------
Subject: Re: [RE-wrenches] Stimulus Package & Solar Thermal
From: David Palumbo <dave at independentpowerllc.com>
To: RE-wrenches <re-wrenches at lists.re-wrenches.org>
Date: 2009/02/16 11:07

> Wrenches,
> 
> One of my guys attended a Shucco Solar Thermal training late last
> week in CT. Word (rumor?) was going around that the $2,000 cap on the
> 30% ITC was being dropped for solar thermal, as it had previously
> been dropped for PV last fall for 2009 systems.
> 
> Can anybody confirm, or deny, this?
> 
> David Palumbo Independent Power, LLC 462 Solar Way Drive Hyde Park,
> VT 05655 NABCEP Certified PV Installer www.independentpowerllc.com
> <http://www.independentpowerllc.com/> 802-888-7194
> 
> 
> 
> 
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