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Wind Tax Credit What s Available To Help Pay For Your Wind Generator

When you are first looking into wind turbines for your home, the prices you see can seem pretty high. The range of prices, too, makes the matter all the more confusing - some high, some low. However, in any case, wind tax credits and other incentives make this price pill a lot less difficult to follow.

We all know we will be saving a lot of money by having our power bills at home paid for with wind energy. But, writing that first check for the wind turbine itself can still seem like a leap of faith. Will the wind blow enough to make the power I expect? What if it doesn't and I am stuck with a giant roof ornament that doesn't do ANYTHING for me?

These are questions everyone has and certainly the way to combat them is to do your homework upfront and make sure you actually do have the wind resources on your property to support such a project.

Once you have decided to move forward though, there is a lot of help out there in the form of wind tax credits and other incentives. You have to know what those credits and rebates are though, because they don't come looking for you.

Here are the general categories of money available to help incentivize you to buy a wind generator for your home:

* Federal Residential Energy Tax Credit - this is 30% right off the price in the form of a tax credit for the year you install the system. It is for the total installed price for the unit, too, which means the costs for the tower and for the mounting will be included in the calculation. You do have to certify your installation - you can't just buy a wind turbine, let it sit, and get the credit.

* State and Local Credits - often, states and local governments will effectively match the incentives offered by the federal government. It depends on the state, but many offer healthy additional credits.

* Utility Rebates - even utilities, which stand to benefit directly the least from you buying a wind turbine for your home, often offer rebates and other incentives. The reason is, they are often mandated to reduce their need for building new power plants and home energy is a way of deferring that construction.

All in all, wind tax credits make the initial purchase much more palatable. But, you must do some investigation independently to find out if your local government entities and utilities are taking part and offering incentives of their own.

About Author Roger Brown :

Roger G. Brown has saved a large number of firms money on their electricity bills. Check out Roger's guidelines on how to economize And also find out more about <a href="" target="_blank">Residential Wind Powered Generator Kit</a>

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Article Added on Wednesday, March 7, 2012
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