A wind turbine collets kinetic energy from the wind and converts it to electricity that is compatible with a home's electrical system.
Must generate no more than 100 kilowatts of electricity for residential use.
Tax credits includes installation costs.
The home served by this system does not have to be the taxpayer's principal residence.
Under the Consolidated Appropriations Act of 2021, the renewable energy tax credits for fuel cells, small wind turbines, and geothermal heat pumps now feature a gradual step down in the credit value, the same as those for solar energy systems.
- 30% for systems placed in service by 12/31/2019
- 26% for systems placed in service after 12/31/2019 and before 01/01/2023
- 22% for systems placed in service after 12/31/2022 and before 01/01/2024
Expires: December 31, 2023
Details: Existing homes and new construction qualify. Both principal residences and second homes qualify. Rentals do not qualify.