WERC NEWS -
BRAINERD, MN – 11/24/08

The Biggest IRS Incentive Ever for Small Wind Systems!!  

Federal Tax Credits for Small Wind Systems have been added to the list of benefits you can receive by purchasing a wind system.

There is a new IRS tax credit now available for you of up to $13,333, depending on joint ownership or occupancy:  Small wind energy property tax credit details:

• Systems must be placed in service from January 1, 2008, through December 31, 2016.
•   In case of joint occupancy, the maximum qualifying costs that can be taken into account by all occupants for figuring the credit is $1,667 per half kilowatt, not to exceed $13,333. This does not apply to married individuals filing a joint return. The credit that may be claimed by each individual is proportional to the costs he or she paid.
•  The home served by the system does not have to be the taxpayer’s principal residence.
  
  

See website for more details for Residential Tax Credit: Click Here
Details for Commercial Tax Credit: Click Here