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Energy Credits for Small Wind


By valterra, Section Diaries
Posted on Mon Oct 20, 2008 at 08:20:18 PM MST
I wonder if

So I'm reading through the bailout bill "we" just passed.  Yaaaawwwwn.   It's at this address:

http://thomas.loc.gov/cgi-bin/query/z?c110:H.R.1424.enr:

Okay, there is a section called "SEC. 104. ENERGY CREDIT FOR SMALL WIND PROPERTY" that allows for a 30% tax CREDIT for "small wind" until 2016.  Maximum credit is $4000, which means $13,000 generator.  

"QUALIFYING SMALL WIND TURBINE- The term `qualifying small wind turbine' means a wind turbine which has a nameplate capacity of not more than 100 kilowatts."

There isn't any further definition that I can see.  I wonder if "The Dans" turbine kits would qualify?  If so, I certainly hope they see a significant increase in business.  And you could pretty much count me in.

Anyone with any knowledge in taxes care to chime in?

And I hope DanB and company don't up the price by 30% as of this writing.   :-)    Not at least until after I buy one!!!   lol.
Energy Credits for Small Wind | 6 comments (6 topical)

Re: Energy Credits for Small Wind (3.00 / 0) (#1)
by jimjjnn on Mon Oct 20, 2008 at 03:12:53 PM MST

Dan's won't qualiify unless they put a nameplate on it and get it UL,CAA etc, certified
Denver,CO


Re: Energy Credits for Small Wind (3.00 / 0) (#3)
by valterra on Tue Oct 21, 2008 at 06:22:31 AM MST

I bet THAT costs a lot of money!  DanB, you got some barrels of grease for all those palms in Washington?    :-)

[ Parent ]


Re: Energy Credits for Small Wind (3.00 / 0) (#2)
by bsafe on Mon Oct 20, 2008 at 04:10:18 PM MST

Hmm motor conversions have nameplates....


Re: Energy Credits for Small Wind (3.00 / 0) (#4)
by Ungrounded Lightning Rod on Wed Oct 22, 2008 at 01:41:50 PM MST

Compute a maximum safe output rating for your turbine using a reasonable methodology, etch it into a nameplate, and fasten it to the turbine.  B-)

I doubt anybody will seriously argue that your homebrew turbine is good for more than 100 KW.

= = ==

The devil here may be in details - like other laws or (more likely) administrative regulations on how to rate turbines, requirements for certifications, etc.  (And watch out for new rulemaking when the executive branch industry regulators and/or the IRS get around to implementing this.)

Does it cover the the other parts of the system (batteries, inverter, etc.)?  I'd be inclined to install the bulk of the system with UL-certified stuff and claim those costs, plus materials and any hired labor costs on the homebrew parts, then argue with the tax guys about whether they'll allow it if they decide to audit me.  Worst case I'd expect is to have to refund the deduction (plus maybe a late-payment penalty) on the homebrew part.  But I'd talk with my tax accountant first.



Re: Energy Credits for Small Wind (3.00 / 0) (#5)
by Ungrounded Lightning Rod on Wed Oct 22, 2008 at 01:44:18 PM MST

I doubt anybody will seriously argue that your homebrew turbine is good for more than 100 KW.

Especially if the battery fuse plus the nameplate rating on the inverter and the breakers on your DC loads total to less than that, so you couldn't load the system as installed at more than 100 KW.

[ Parent ]



Re: Energy Credits for Small Wind (3.00 / 0) (#6)
by valterra on Wed Oct 22, 2008 at 01:49:20 PM MST

not deduction....  CREDIT   :-)  

I am with you 100% on what you said.  Yes, it says "system," which, with solar, includes all the accessories.  Unless I am wrong about that!  

[ Parent ]



Energy Credits for Small Wind | 6 comments (6 topical)
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Related Links
· http://tho mas.loc.gov/cgi-bin/query/z?c110:H.R.1424.enr:
· valterra's Diary

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