US FED GOVT Approves Tax Credit for Small Wind Residential
Wind4Me.com
October 14, 2008
http://wind4me.com
U.S. Federal government endorses small wind turbines with tax credit
New law gives up to $4,000 to consumers who purchase Southwest Windpower’s
Skystream 3.7
Flagstaff, Ariz. — Southwest Windpower, the leading manufacturer of small wind turbines, played a leadership role in the passage of new legislation creating a federal-level tax credit for qualified small wind turbines – a significant leap for the small wind industry as a whole. This legislation marks the first federal incentive for small wind systems since 1985.
On Friday, Oct. 3, 2008, the Emergency Economic Stabilization Act of 2008, H.R. 1424 was passed which included a new federal-level investment tax credit (ITC) for qualified small wind turbines. The ITC is worth up to $4,000 and available for units installed through 2016. The U.S. small wind industry projects that the enactment of this federal credit, combined with a forthcoming equipment certification program, will provide thousands of new jobs and could foster U.S. market growth of more than 40 percent annually. |
