25 Jan
2012
Residential Wind Power Federal Tax Credit for Consumer Energy Efficiency
Posted by Norman F, January 25th, 2012
The new residential Small Wind Turbine Federal Tax Credit for Energy Efficiency is a large credit with many advantages.
- The old tax credit was capped at $2,000.
- With the new one one you can claim 30% of cost, up to $500 per .5 kW of power capacity, for a new system.
- It expires 12/31/2016.
- This Federal tax credit works well when coupled with a state rebate program. Combine this with state rebates like those in California or New York and you have a sweeter deal.
- Moderate sized 10 kW wind power systems cost over $50,000.
- The rebate has a nameplate capacity limit of no more than 100 kilowatts.
Filed under: Alternative Energy, Conservation, Effort, Energy, Environment, Hard, Health, Home, Money, Reduce | Tags: Federal Tax Credit, Federal Tax Credits for Consumer Energy Efficiency, Wind Power, wind turbine |
