Wind Turbine Prices: Will Government Subsidies Make Them Cheaper?

With the world economy in shambles we are all trying to come up with ways to cut our budgets at home these days

. With all the uncertainty, we are all trying to reduce the variability of our home expenses to make the economic downturn more tolerable. Wind turbine prices are coming down and they are a great way to cut power costs at home. This article discusses the various government incentives to get one and how the availability of these can change the energy prognosis for years to come.

There are loads of ways to employ wind turbine technologies at your home. The simplest is oftentimes just to charge a set of batteries. This is a relatively easy strategy to put into play.

The way to get going is to check out all the different financial incentives out there that will make the decision easier for you to buy one of these pieces of equipment...

Federal tax help for people who buy home wind turbine technology - There is currently a federal tax credit of 30% available for anyone installing wind power or other renewable energy resources. That is 30% of the total installed cost, which of course includes the upfront purchase of the machine and all installation related costs as well. This can be a tremendous help and a big incentive to go ahead and buy now while the credit is in place. It might not always be in place because any of this type of Federal credit is a political gift and as soon as the administration changes it could well evaporate.

State tax help - The states often get in on the act and copy the federal credits that are available. This is not always the case though so check and your particular state and find out if your's is aggressive on wind energy. However, it is very heartening to realize that many states that don't even have a tremendous amount of wind, like Georgia, are offering incentives for installing home wind turbine power. We just need the technology now to catch up with the demand so that states like Georgia that don't have as much wind can also benefit from wind turbines by the technology allowing startup of energy production to occur at lower speeds.

Local tax incentives and manufacturers incentives - Even on the city level, sometimes the governments copy what federal and state credits are allowing in a given year. Also, manufacturers will offer incentives for you to buy their products instead of someone else's. Since the renewable market and wind energy market in particular getting to be very competitive these days, we will see more more incentives for people to purchase one device over another, in the form of a manufacturer's rebate.

In summary, there are number of incentives available to buyers of wind devices to help reduce and make wind turbine prices more affordable.

by: Roger Brown

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