The gale force of President Obama's $787 billion economic stimulus package could breathe new life into an emerging industry: small wind turbines.
The bill provides a 30 percent investment tax credit to consumers who buy these turbines, which are typically used to help power homes or small businesses.
Even amid a recession, this tax credit “is going to blow the top off the market,” said Ron Stimmel, a “small-wind” advocate with the American Wind Energy Association.
The association predicts the federal subsidy could help the small-turbine market grow by 40 to 50 percent annually, a boost that would parallel the growth of the U.S. solar photovoltaic industry after a similar 2005 initiative.
Home Made Wind Turbine
Build your own wind generator. Very affordable very efficient.
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