Published on February 19th, 2009 | by Reenita Malhotra2
Newly Approved Uncapped 30 Percent Tax Credit for Small Wind Turbines Makes Wind Power More Viable for Americans
The American Recovery and Reinvestment Act signed by President Obama includes an uncapped 30 percent tax credit for the installation of small wind turbines, such as Windspire, (www.mariahpower.com), a residential and commercial wind power appliance.
The tax credit, previously capped at $4,000, gives all American taxpayers (residents and businesses) credit based on the total installed cost of an installation of one or more wind turbines. The legislative package includes more than $42 billion in energy-related investments.
“Wind power is critical to the President’s new energy initiatives, said Mike Hess, CEO of Mariah Power. “It is refreshing that the new administration recognizes the potential behind renewable energy as a part of this important new legislation. Windspire transforms an untapped form of power – wind – into a cost effective, practical, and smart energy solution that is well-suited to homes and businesses. This is the first step toward a future in which our daily lives will be powered by renewable energy.”
The historic stimulus package offers considerable financial incentives for renewable energy initiatives. Homeowners and businesses looking to save energy and reduce costs can now benefit from the uncapped 30% tax credit for the installation of small wind turbines including Windspire.
Other energy benefits include:
- $20 billion aimed at “green” jobs to make wind turbines
- solar panels and improve energy efficiency in schools and federal buildings
- $11 billion to modernize and expand the nation’s electric power grid
- $2 billion to encourage research into batteries for future electric cars.
Windspire’s patented technology maximizes energy conversion, regardless of wind speed or direction, from the wind into electric power provided to homes or businesses. Windspire features a plug ‘n produce™ design and connects directly to the household power supply, offsetting electricity use and reducing energy costs. Windspire produces about 2000 kWh of electricity in areas with average wind speeds of around 12 miles per hour enough to power 25 percent of the average home’s energy expenditures.
Windspire is a low-cost, low-noise, attractive wind power appliance for use with residential, business, and commercial buildings. Manufactured entirely in the U.S. by Mariah Power, Windspire is a 30-foot tall, propeller-free, vertical-axis wind turbine designed for harnessing wind power in urban, suburban and rural locations. Windspire’s patented technology maximizes energy conversion from wind into electric power, regardless of changing wind speed and direction. For more information, visit www.mariahpower.com.
« Trash House Build Your Own Free Tiny House with Shipping Pallets »