Monday, October 6, 2008
As of Oct 3rd 2008 Congress has signed into legislation under the Emergency Economic Stabilization Act of 2008, H.R. 1424, a federal tax credit investment program that will encourage small business, farmers and how owners to invest in small wind. Any owners that install a 100 KW unit or less will be eligible to receive a tax credit of up to $ 1,000 per/kw of capacity not to exceed $ 4,000. This tax credit is available from Oct 3/2008 through December 31/2016.
Endurance Wind Power Inc appreciates Congress’ support for Small Wind and the fact they are recognizing the importance that distributed wind power can have in the overall energy contribution towards a cleaner environment. We need to fight global warming and governments financial support at the federal level is extremely important. This legislation is the first federal level incentive since for small wind power since the 80’s.
© 2010, Endurance Windpower.
www.endurancewindpower.com
Posted by Endurance Windpower on Monday, October 06, 2008
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