Analysis of The Climate Change Initiative: Fiscal Year 2001 - Table 1. Tax Credit Proposal for Energy-Efficient Building Equipment

Table 1. Tax Credit Proposal for Energy-Efficient Building Equipment

Technology	Minimum Efficiency^a	Time Frame for Purchase	Tax Credit
Electric Heat Pump Water Heater	1.7 EF	2001-2004	20% of purchase price up to $500
Natural Gas Heat Pump	Heating GCOP: 1.25 Cooling GCOP: 0.70	2001-2004	20% of purchase price up to $1,000
Fuel Cell^b	Electricity generation: 35% Minimum capacity: 5 kilowatts	2001-2004	20% of purchase price up to $500 per kilowatt of capacity
^aUnits for efficiency measures are presented as given in the Department of the Treasury's explanation of the CCTI proposals: EF, Energy Factor; GCOP, Gas Coefficient of Performance. ^bUses an electrochemical process to generate electricity and heat. Source: U.S. Department of the Treasury, "General Explanations of the Administration's Revenue Proposals" (February 2000).