Home,Wind,Turbine,Cost,Reduced technology Home Wind Turbine Cost Reduced By Tax Credits
The electronic cigarette is not new. People who buy electronic cigarette knows that this product has been in the market for years now. Despite some sectors apparently trying to shoot the product down from the shelves, the popularity of elect Active shredder safety technology for the small office. Shreds 15sheets per pass into 5/32" x 1-1/2" cross-cut particles (Security Level3). Patented SafeSense® Technology stops shredding when hands touch thepaper opening. Designated shredde
Recently the Emergency Economic Stabilization Act of 2008, H.R.1424, was passed by Congress that includes a new federal investment taxcredit to assist the public in offsetting the wind turbine cost for their homes, businesses or farms. Without any delay, president Bush signed the bill into law.The Act offers a federal tax credit for 30% of the total installedcost of any wind power system with a 100 kilowatt capacity or less, butthe credit will not exceed $4,000. The limitation of the Act is that itonly applies to new systems installed from 3 October 2008 through toDecember 2016, so any current systems will get no tax relief. Inaddition, for home wind turbines, the credit is further limited to thelesser of $4,000 or $1,000 per kW of capacity.America, who has typically lead the worldwide small wind turbinemarket recently begun to feel pressure from other nations that offeredenticing incentives for small renewable energy systems. So the newlegislation was warmly welcomed by a Small Wind Advocate of theAmerican Wind Energy Association (AWEA), Ron Stimmel, who said:"We thank Congress for recognizing and supporting small wind systemsas an important contributor toward energy security and a cleanerenvironment. This credit will help individuals cut their electric billswhile combating global warming in a tangible way."This bill is the first federal incentive for small wind turbinessince 1985, and industry members believe the credit could grow the U.S.wind power market by 40% or more annually. And along with the upcomingequipment certification scheme, it will help secure it as the globalleading market.To put the industry on equal grounds with the photovoltaic (PV)solar industry, the AWEA, and its members have long requested a 30%federal investment incentive for small wind turbines 100kW and smaller.And now their persistence has paid off.Since the two industries share the same renewable energy market, thewide legislation also expands on a similar credit for the PV solarindustry that was first enacted in 2005. Domestic PV solar systems nowreceive a 30% credit, limited to $4,000, and commercial installationscan get the same, but uncapped, credit.So how does this act affect anyone who has installed their ownsystem? By the looks of things, diy renewable energy enthusiasts canalso enjoy the federal tax credit as long they have proof of allinstallation costs and the date they were incurred. But, it is best toget sound legal advice first to help you maximize any tax credit due.With the new tax credit, coupled with potential state-side credits,we cannot see a better time for anyone to invest in their own renewableenergy system at home and offset the wind turbine cost.Whether this means getting an expensive professionally installedsolar/wind power hybrid, or learning to do it yourself, potentialelectricity savings are a decision away. At the end of the day thechoice is yours.
Home,Wind,Turbine,Cost,Reduced