6 Big Wind Generator Incentives

Wind turbine incentives come in 2 forms - direct ones from manufacturers and the

government and intrinsic benefits that you will realize when your blades start turning. Any way you slice it, installing a home wind turbine is a concept chocked-full of reasons to motivate you to move forward and get one onboard now.

Here are the government and direct payment incentives that will help you on the front end with your purchase:

* 30% federal government tax credit - this is a credit this only available to residential purchasers of wind turbines and other renewable energy devices, such as solar power. The great thing about this credit is its 30% off on your tax bill in the year you install the wind device. That means that 30% of the total cost of the install turbine - not just the purchase price of the turbine itself - will be taken off your income tax bill. That's of course a lot different than a tax deduction. The tax deduction reduces your gross income by the amount of the production. Who knows how long this program will stay around, so it's probably a good idea to take action as quickly as possible.

* State tax credits - in states that have made a decision to reduce significantly the amount of power generated in coal plants, there are tremendous incentives available both at the state level and even locally at the city level.Utility rebates - even your local utility company will offer rebates and credits from time to time. This is especially true in California which has a very aggressive goal for increasing the amount of renewable energy produced in the state every year.

* Manufacturer rebates - wind turbine manufacturers also offer rebates for choosing their product over competitors' products. These can be very aggressive incentives in markets where there is a lot of competition for your business.

These are the intrinsic benefits (harder to really nail down) that you will receive with your home wind device:

* Electricity costs go down - without a doubt, reducing cost of the power you buy at home will eclipse any other credit or rebate you might get on the front end of the wind turbine purchase. Recall that you will be replacing energy that you would have bought from your electricity provider for 20 to 30 years, over the life of the wind device.

* Energy independence - we all know the fossil fuel resources are shrinking dramatically. It is very likely that one day we will all have to make our energy at home just to be able to afford to power our computers and appliances. The sooner we can get used to that fact, the sooner we will take action on wind energy pricing and gain independence from the oil we buy from the Middle East.

* Greening - making the planet a safer place for all of us is a huge incentive that is also hard to monetize. We know that the less electricity we make in large fossil fuel burning power plants, the less carbon is produced, making the earth a safer planet - protecting us from the harmful climate changing side effects of ozone depletion and air pollution.

In the final analysis, there are lots of ways wind turbine incentives can motivate you to take action and buy a device to install.

by: Roger Brown

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