Get credit for your wind turbine

Recently, the "Emergency Economic Stabilization Act of 2008, HR 1424 was passed by Congress to support that a new federal tax credit for investment in public accounting of the costs of wind power plant to their homes, shops or farms includes. Without any delay, signed President of Bush, the law in the law.

The law provides a federal tax credit for 30% of the total installed cost of wind power plant with a capacity of 100 kilowatts or less, but the credit will not exceed $ 4,000. The limitationof the Act is that it applies only to new plants from 3 October 2008 to December 2016 installed, so that all current systems do not get tax relief. In addition, wind turbines for home, the more credit is limited to the lesser of $ 4,000 or $ 1,000 per kW.

America, which typically lead the worldwide market, small wind turbine recently begun to feel pressure from other nations that offered tempting incentives for small plants for renewable energy. Thus, the new legislationwarm with a small wind advocate of the American Wind Energy Association (AWEA) welcomed Ron Stimmel, who said:

"We thank Congress for recognizing and supporting small wind turbines as an important contribution to energy security and a cleaner environment. This credit will help individuals cut their electric bill to combat global warming in a tangible way."

This bill is the first federal incentive for small wind power since 1985, and members of the industry believe the creditcould the U.S. wind energy market to grow by 40% or more per year. And together with the forthcoming equipment certification system, it helps ensure a market in the world.

To request the industry on equal grounds with the photovoltaic (PV) solar energy industry, the AWEA and its members have long been a 30% Federal investment incentive for small wind turbines 100 kW and smaller. And now her persistence has paid off.

Since the two sectors in the marketplace for renewable energy,the wide legislation also expands on a similar credit for the PV industry, which was first issued in 2005. Domestic PV solar systems now receive a 30% credit, limited to $ 4,000 and commercial installations can get the same, but not limited credit.

So, how this act affects everyone who has installed their own system? By the look of things, can renewable energy DIY enthusiasts also enjoy the Federal Republic of tax credit, as long as they have proof of all costs for equipment and the time they werearose. But, it is best to maximize sound legal advice for the first time with you, no tax credit due.

With the new tax, with potential state-side credit is linked, we can not see a better time for those who invest in their own renewable energy system at home and offset the cost of wind turbines. Whether this means that an expensive professionally installed solar / wind hybrid or learning to do it themselves, potential energy savings are just a decision. At the end of the dayChoice is yours.

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