|Eligible Renewable/Other:||Wind Turbines|
|Maximum Incentive:||Wind turbines placed in service after 2008: no maximum|
|Carryover Provisions:||Excess credit may be carried forward to succeeding tax year|
|Eligible System Size:||Fuel cells: 0.5 kW minimum|
|Authority 1:||26 USC § 25D|
|Date Enacted:||8/8/2005 (subsequently amended)|
|Authority 2:||IRS Form 5695 & Instructions: Residential Energy Credits|
Small wind-energy property
- There is no maximum credit for systems placed in service after 2008. The maximum credit is $500 per half kilowatt, not to exceed $4,000, for systems placed in service in 2008.
- Systems must be placed in service on or after January 1, 2008, and on or before December 31, 2016.
- The home served by the system does not have to be the taxpayer's principal residence.
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