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Technology Stocks : SatCon Technology (SATC)

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To: Jim Oravetz who wrote (331)	2/11/2000 8:11:00 AM
From: Jim Oravetz	Read Replies (2) of 440

Semi-OT Tax plan targets alternative energy technologies By George Leopold,EE Times 02/04/00 WASHINGTON ? A $4 billion package of energy tax credits proposed by the Clinton administration on Thursday (Feb. 3) includes an extension of tax credits for electric and fuel-cell vehicles as well as incentives to use solar energy systems. The five-year package is part of the administration's climate change technology initiative to be included in its fiscal 2001 budget proposal to Congress. The budget is scheduled to be released on Monday. The plan calls for extending tax credits for electric, fuel-cell and some hybrid vehicles. The credits are designed to help move advanced electric vehicle technologies from the laboratory to the production line. Slow starters Electric vehicle technology has generated much interest but few sales. General Motors recently scaled back its electric vehicle program, citing sluggish sales. Several car makers have said they will pursue the hybrid electric-internal combustion market. The administration's tax proposal would provide tax credits as high as $3,000 on the purchase of hybrid vehicles from 2003 through 2006. The solar energy tax credit would give consumers and businesses a 15 percent tax credit on purchases of solar heating systems. The maximum credit for a rooftop photovoltaic system would be $2,000 between 2001 and 2007, and $1,000 for solar water heating systems installed between 2001 and 2005. The energy initiative would also simplify the current depreciation schedule for power distribution systems that have helped decentralized power generation. The plan would assign a single 15-year period to recover the investment on power distribution systems Jim

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