Get an IRS Tax Credit!
Buy and install a Home Wind Turbine Kit and get a 30% wind tax credit off the installed price! That is an enormous savings and tremendous incentive to move forward.
We are all pretty certain by this point that energy produced by utilities will continue to rise. The supplies are finite and as these raw materials goal a, will have to pay increasingly more for the power they are used to produce.
Who knows who long this credit will be offered so don’t make the mistake of thinking you can easily do this next year. Congress is famous for treating these tax credits as political footballs, so don’t wait to long.
A wind tax credit means that you collect all the invoices relating to your purchase and installation and submit the total on the form below with your taxes for the following year. So, if you install the home wind turbine kit this summer, then submit the form with your 2011 taxes and claim the credit.
Here’s the really good part…A tax “credit” works differently than a tax “deduction”. A tax credit reduces your taxes paid, whereas a tax deduction just reduces your income that is taxable. Credit is much better!
The alternative discount would be a tax “deduction” which means the money would be taken off of your adjusted gross income. That would be a lot less bottom line benefit to you.
The credit is scheduled to run through 2016 but, who knows. In this rough and tumble government budgetary environment, they could end up rescinding the program, so you had better act while you can.
When you are ready to get started and receive your wind tax credit, check out this Home Wind Turbine Kit.