If you’ve been thinking about building your own wind turbine now is a great time to do it since you could be eligible for a tax credit from your favorite Uncle.
The government is encouraging energy savings in many ways by offering tax credits. Homeowners can receive credits for: adding energy efficient windows and doors, buying energy efficient appliances, and installing wind turbines.
The amount of the tax credit varies but for a turbine it is 30% of the total cost of your turbine. If you buy one and hire someone to install it that can cost you anywhere from $600-$12,000 depending on the size of the turbine.
A 30% tax credit is nothing to sneeze at with that type of expenditure and it can go a long way to help you recoup some of that initial investment. That doesn’t even take into consideration the money you’ll save on your utility bills.
Of course, as with anything, there are those that say you are wasting your money installing a turbine. They consider it a vanity project. But there is ample evidence that installing your turbine can actually generate up to 60% of your homes electric needs. That can be a significant savings on your utility bill. I don’t know about you, but I don’t consider that a vanity project!
If you’ve been playing with the idea of installing a wind turbine at your home, you might want to make a move so that you can benefit from the governments tax credit. Installing a turbine will not only enable you to take advantage of the tax credit it will enable you to save considerable amounts of money on your energy bill not only now but forever. Think of how much money that would turn out to be…