Is there a tax credit for residential small wind turbines?

Residential small wind turbines can qualify for a tax credit.

How much:

30% of the cost (including installation/labor costs), with no upper limit

Timing:

Tax credit in effect through 2016

Must be installed in a home you own and use as a residence (no rentals, but second homes qualify) between January 1, 2009 and December 31, 2016

Details:

Wind turbines must have a nameplate capacity of no more than 100 kilowatts

How to apply:

File Tax Form 5695 with your tax return

 

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Topic Information
  • Topic #: 23002-33338
  • Date Created: 4/10/2012
  • Last Modified Since: 6/15/2012
  • Viewed: 6106