Important Announcement

Impact of the American Recovery and Re-investment Act
(2009 Stimulus Package)

On February 17, 2008 President Obama signed the American Recovery and Re-investment Act of 2009 into law. With a significant emphasis on renewable energy technology deployment and job expansion, the bill improved upon the 2008 tax credit by removing “cost caps.” This change allows consumers and small businesses to take a 30 percent tax credit off the installed cost of a wind turbine. To a consumer or business purchasing a single residential wind turbine, this doubles the credit. Additionally, consumers and businesses also have the option of receiving the credit in the form of a cash grant.