Purchase a Skystream 3.7, get up to $4,000 in tax incentives
Southwest Windpower, a leading manufacturer of small scale wind turbines such as the SkyStream 3.7 grid tie wind power system played a huge role in the passage of the new legislation which offers a federal tax credit for qualified small scale wind turbines. The landmark legislation was part of the economic bailout bill passed in early October 2008 and is a major leap for small wind industry because this is the first federal incentive for small wind power systems since 1985. The Investment Tax Credit (ITC) for small scale wind will be available for wind generators installed through 2016 and will give the small scale wind power system owner up to $4,000 federal tax credit.
Andy Kruse, founder of Southwest Windpower fought tirelessly in congress to make sure Small Scale Wind Power Systems were included in the extension of the renewable energy ITC. The result of the legislation’s success will provide thousands of new jobs and harbor an environment which would generate a 40% annual growth rate of the small scale wind industry. To you, the person who is considering a small scale wind turbine like the Skystream 3.7 the new tax credit reduces the total upfront cost of installing a small scale wind power system, making the technology more affordable for people in the USA. What do you think about this legislation? Will it entice you to produce your own clean energy?
