Tax Incentives & Rebates
Why to Buy One > Tax Incentives & Rebates
To help offset the cost and to encourage individuals and businesses to invest in renewable energy projects such as wind turbines, the federal government offers a 30% tax credit.
Depending on the availability of funds, individuals and businesses in New York State may qualify for a cash rebate from the New York State Energy Research and Development Authority’s “Power Naturally” program.
The combination of a 30% federal tax credit and a cash rebate from NYSERDA typically offsets the cost of a turn-key project nearly in half.