Incentives
Wind energy is an ideal renewable energy because:
- it is pollution free
- an infinitely sustainable form of energy that can be relied on for the long term future
- it does not require fuel
- it does not create greenhouse gases
- it does not produce toxic or radioactive waste
- new models are quieter than background noise
Wind Energy Tax Incentives:
- Commercial Tax credit- 10% of installed cost, up to $25,000 per building and $50, 000 per company per Year. Unused credits may be carried forward for as much as five consecutive taxable years.
- Residential tax credit – 25% of installation cost, with a $1,000 maximum per residence. Can be uses over 5 years.
- State Sales tax exemption on all equipment.