Save Some Green

Wind energy is a free and abundant resource. It is all around us. Harnassing this abundant resource will create free electricity for your home or business and save you money.

It has never been a better time to install a small wind energy system. The American Recovery and Re-investment Act (2009 Stimulus Package) and the NJ Clean Energy Program are offering substantial incentives.

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

Background
On February 17, 2009 President Obama signed into law the American Recovery and Re-investment Act of 2009. With a significant emphasis on renewable energy technology deployment and job expansion, the bill improved upon the 2008 small wind tax credit by removing “cost caps.” This change allows consumers and small businesses to deduct from their tax liability
30 percent of the installed cost of a wind turbine. Additionally, businesses will have the option of receiving their credits in the form of cash grants.

Q: What does this mean to me?

A: The entire cost of a Skystream system (plus installation) is reduced by 30 percent provided you have a tax liability. The credit can be claimed over the course of two years. In addition to the Federal incentive, the NJ Clean Energy Program is offering a production based incentive program which will reduce the cost of a new installation significantly.