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Endurance Wind Power Tax Credit

Wednesday, March 18, 2009

Endurance Wind Power among small wind turbines eligible for 30% tax credit, homewonwers and businesses benefit from American Recovery and Re-investment Act (2009 Stimulus Package) US Federal Government Signs into Law 30% Tax Credit for Small Wind

As part of the US economic stimulus package signed into law last month the Federal Government has provided a tax credit that is the largest in its history in an effort to support renewable energy and small wind power.

This new legislation is an update from last year's announcement of a tax credit that was capped at a maximum of $4000.00.

This new incentive package has eliminated the cap on the small wind investment so now a consumer or small business that is investing in an Endurance Turbine that can run a large sized home or small business is eligible for a full 30% tax credit or even grant.

How can I benefit from this stimulus package?

An Endurance wind turbine and installation can be reduced by 30% of the total cost provided you owe taxes in the course of a few years. In addition, depending on which state you reside and install your Endurance Turbine.

This year alone we have seen more than 25 states introduce renewable energy incentive programs that Endurance customers can take advantage of.

Imagine - due to Endurance's top quality product and reliability you are also able to get your turbine financed through some of our select finance partners. Something the small wind industry has never seen before.

Endurance is changing the landscape of Small Wind Power and making it both affordable and practical for homes, farms, small businesses, schools and many other corporate customers to produce green power that works.

A tax credit is money that you can claim and deduct from any tax amount that you owe to the federal government. You can carry over the small wind tax credit for upto two years from when you installed your Endurance Wind Turbine.
Further details can be received by a tax specialist or your accountant. An IRS form 5695 must be completed and sent in with your taxes. (you will need the updated form that reflects the updated changes)

This 30% tax credit applies to one or more Endurance Wind Turbines and businesses and schools may qualify for a grant from the treasury department instead of a tax credit.(details on this grant are still forthcoming)

You can review further details on the U.S. federal agencies' progress through several government web sites:

Comprehensive American Recovery and Reinvestment Act (ARRA) Information: www.recovery.gov
Energy Department Information Related to ARRA: www.energy.gov/recovery/
Treasury Department Information Related to ARRA: www.treasury.gov/recovery/

© 2009, Endurance Windpower.
www.endurancewindpowerinc.com

Endurance Wind Power Tax Credit
Posted by Endurance Windpower on Wednesday, March 18, 2009


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