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2009 Stimulus Package Includes Increased Incentives for Wind Power

New law provides homeowners and businesses with a 30% tax credit off the installed cost of a Skystream 3.7

The American Recovery and Re-investment Act of 2009 allows consumers and small businesses to take a 30% tax credit off the installed cost of a wind turbine.

This doubles the credit to a consumer or business purchasing a single 2.4KW residential wind turbine! This bill makes small wind more affordable and accessible. Depending on the installation cost, the tax credit could be worth up to $5,400.

Any Skystream installed in 2009 through 2016 is eligible for a credit up to 30% of the installed cost of the wind turbine. This credit can be applied against taxes owed.

This savings also applies to multiple units – there is no cap on the 30% tax credit.

Couple the federal tax credit with local and/or state incentives, and you could save even more!

Additionally, consumers and businesses will also have the option of receiving their credit in the form of a cash grant. The federal government expects to release information about the grant program by April.

Did you Know?

Depending on the wind resource, Skystream 3.7 generates between 30-80% of the power required by a typical home.

Interested in finding out more? Please visit our contact page, fill out our contact form, and we'll get in touch with you right away!