The American Recovery and Reinvestment Act signed by President Obama includes an uncapped 30 percent tax credit for the installation of small wind turbines, such as Windspire, (www.mariahpower.com), a residential and commercial wind power appliance.
The tax credit, previously capped at $4,000, gives all American taxpayers (residents and businesses) credit based on the total installed cost of an installation of one or more wind turbines. The legislative package includes more than $42 billion in energy-related investments.
“Wind power is critical to the President’s new energy initiatives, said Mike Hess, CEO of Mariah Power. “It is refreshing that the new administration recognizes the potential behind renewable energy as a part of this important new legislation. Windspire transforms an untapped form of power – wind – into a cost effective, practical, and smart energy solution that is well-suited to homes and businesses. This is the first step toward a future in which our daily lives will be powered by renewable energy.”
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