H.R. 1 THE AMERICAN RECOVERY AND REINVESTMENT ACT OF 2009 – FEBRUARY 12, 2009

FULL SUMMARY OF PROVISIONS FROM SENATE FINANCE, HOUSE WAYS & MEANS COMMITTEES

http://waysandmeans.house.gov/media/pdf/111/arra.pdf

Page 11

"Removal of Dollar Limitations on Certain Energy Credits. Under current law, businesses are
allowed to claim a thirty percent (30%) tax credit for qualified small wind energy property
(capped at $4,000). Individuals are allowed to claim a thirty percent (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). The bill would repeal the individual dollar caps. As a result, each of these properties would be eligible for an uncapped thirty percent (30%) credit".

Thanks T. Boone Pickens for helping get HR 1 passed.

I am building a new home and installing geothermal heat pumps to get the 30% tax credit. Geothermal Heat Pumps really started big in Oklahoma about 30 years ago and have proved to be a big energy saver. Now I can save 50% or more on my energy cost in my home and increase the value of my home for the future.

Thanks again T. Boone for your untiring help.