Sunday, February 15, 2009

Congress Approves Uncapped 30% Tax Credit for Wind Turbines

The United State Congress passed the American Recovery and Reinvestment Act late Friday evening. President Barack Obama is expected to sign the bill into law on Tuesday.

Included in the legislative package is an uncapped 30% tax credit for the installation of small wind turbines. The 30% tax credit applies to all types of taxpayers - individuals and businesses alike. The 30% tax credit is calculated based upon the total installed cost of your installation of one or more wind turbines.

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