Government Grants
A summary of government incentives for homes and businesses can be found through DSIRE and through AWEA.org.A 30% Federal Investment Tax Credit (FITC) is available for prospective owners of small wind turbines. This credit is applied after any state or local incentives or grants have been subtracted from the cost of the system. This credit is the most generous support ever given by the federal government to promote small wind development.
Further, a provision of the American Recovery and Reinvestment Act of 2009 (ARRA) passed on Feb 17, 2009, is a new cash grant program that certain taxpayers may elect to use in lieu of claiming the 30% FITC. This cash grant is apparently not applicable to residential consumers (as defined in IRC Section 25D), but rather only to entities as defined in Sections 45 and 48, which, generally, are businesses. Notably, tax-exempt entities are not eligible for the grant. The small wind equipment must be placed into service during 2009 or 2010. The U.S. Treasury has not yet issued specific guidance on the use of this grant and other new tax provisions in ARRA, but is expected to soon.
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