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Discover how Wind Power
can increase your success,
bottom line, and improve your public relations while
contributing to the environment.
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Grants and Tax Benefits for Wind Power
We are happy to assist our customers in grant writing, and all tax form retrieval as a value added service. Please contact us for further assistance.
UPDATED September 14, 2009
Tax credits are available at 30% of the cost, with no upper limit through 2016 (for existing homes & new construction)
Tax Credits for Consumers
Home Improvements
Tax credits are now available for home improvements:
- Must be "placed in service" from January 1, 2009 through December 31, 2010.
- Must be for taxpayer's principal residence, EXCEPT for geothermal heat pumps, solar water heaters, solar panels, and small wind energy systems (where second homes qualify).
$1,500 is the maximum total amount that can be claimed for all products placed in service in 2009 & 2010 for most home improvements, EXCEPT for geothermal heat pumps, solar water heaters, solar panels, fuel cells, and small wind energy systems which are not subject to this cap, and are in effect through 2016.
- Must have a Manufacturer Certification Statement to qualify.
- For record keeping, save your receipts and the Manufacturer Certification Statement.
- Improvements made in 2009 will be claimed on your 2009 taxes (filed by April 15, 2010) — use IRS Tax Form 5695 (2009 draft version) — it will be available late 2009 or early 2010.
- If you are building a new home, you can qualify for the tax credit for geothermal heat pumps, photovoltaics, solar water heaters, small wind energy systems and fuel cells, but not the tax credits for windows, doors, insulation, roofs, HVAC, or non-solar water heaters.
SUMMARY OF TAX CREDITS FOR HOMEOWNERS |
Product Category |
Product Type |
Tax Credit Specification |
Tax Credit |
Notes |
Small Wind Energy Systems |
Residential Small Wind Turbines |
Has nameplate capacity of not more than 100 kilowats |
30% of cost |
Must be placed in service before 12/31/2016 |
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