Capstopne's Intepretation of the Stimuls BIl
This is from the Ca[pstone Website -Editor Stimulus Package Signed by President Obama On February 17, President Obama signed the American Recovery and Reinvestment Act (H.R.1) into law. The package contains a number of measures designed to promote clean energy and energy efficiency, many of which could be beneficial to deployment of Capstone’s products and the continued development of our technology. For example, the Stimulus provides: Grants in lieu of the 10 percent investment tax credit (ITC) on microturbines and combined heat and power (CHP); $3.2 billion in block grants to states and local governments to spend on energy efficiency and $3,1 billion to fund state energy programs; $16.8 billion in funding for DOE to fund Research and Development of clean energy and efficiency technologies, among other programs; Bonus depreciation of capital equipment; $11 billion to fund clean energy and energy efficiency upgrades at federal buildings. The following summary contains more details on t...