The ‘Rural Wind Energy Development Act’ (S. 673) would provide a federal tax credit of $1,500 per 500 W of capacity to purchasers of small wind systems. This five-year credit would apply to all wind systems with capacities of less than 100 kW used to power individual homes, farms, or small businesses. The bill would also provide for an accelerated depreciation of three years for small wind turbines.
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