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Today's New Wind Power Incentives Are Outstanding!

As part of the recently-passed federal stimulus package, a new 30% federal tax credit has been established for small wind systems. Regardless of how you feel about the stimulus package as a whole, this credit bodes well for, you, our customers.

The details:

The previous small wind tax credit from 2007 was capped at $4000 or $1000 /kW of rated capacity, whichever was less.

The new credit eliminates the cap and is not tied to rated capacity in any way. This means if the turn-key cost of a Harness Nature wind turbine is $60,000, you will be able to claim a $20,000 credit against your federal tax liability. This is not a "deduction" that reduces your taxable income, it is a "credit" that reduces the actual taxes owed.

If you have insufficient tax liability to "consume" the credit during the year that the system is installed, the excess credit can be carried over to the following year.

If you are in a state that provides incentives for small wind, the credit is applied to the "out of pocket" expenses incurred by the end user.

For example: If the turn-key cost of a wind turbine is $60,000 and your state provides a rebate/grant of $25,000, you can claim 30% of the remaining $35,000 as a tax credit.

In order to qualify for the credit, you should use IRS form 5695 (version 2009) which should be available in late 2009 or early 2010.

And, of course the USDA REAP grant for 25% of the project cost is also still available.

These are absolutely the best incentives that have ever been seen for wind turbines, the likes of which may never be seen again.

If you are interested in wind power, we urge you to take advantage of this new program. The available incentives can cut the installed cost of your wind project by 50% or more!

Affordable Energy Systems

Included with our Free Estimate is a Return on Investment (ROI) worksheet that simplifies and explains the incentives process. It outlines what incentives are available for your particular project and the expected dollar amount.

We base all ROI calculations on the cost of energy today, because the cost of future energy is an unknown. Historically however, energy costs have only gone up, which means that your ROI will be even greater.

When you purchase a renewable energy system from Harness Nature we will help guide you through the incentives process.

For renewable energy grants Harness Nature recommends Rose Consulting Services.

Click on the links below to learn more.