Thursday, March 12th, 2015 by Rhiannon Goebel
By installing small, wind energy systems homeowners and businesses can now save financially in various ways. In addition to lower energy costs, there are new ways to financially benefit from this sustainable source of energy. According to the Office of Energy Efficiency and Renewable Energy, owning small wind turbines can offer a financial benefit from the IRS through an investment tax credit of 30%. There are certification requirements that owners must meet in order to qualify for the tax credit, but the process could mean significant benefits in the long run.
"For wind turbine owners to qualify for this tax credit under the new ITC performance and quality guidance, wind turbines rated at 100 kilowatts of capacity or less must meet certain certification standards, which are defined by the American Wind Energy Association or the International Electrotechnical Commission. The IRS certification guidance applies to qualifying small wind energy systems that are purchased or operational after January 26, 2015."
The funding and technical support of wind energy has produced a significant positive impact on the wind industry, which continues to grow. Click here to learn more.