Karen Arbutine & Associates

Home Windmills Receive Tax Credit

Thu, Jul 09, 2009 at 9:40AM

Business for small wind turbines grew by 78% in 2008 according to the American Wind Energy Association (AWEA).  A new 30% tax credit in the federal economic stimulus bill will expand the currently booming market. Approximately 10,500 small turbines were installed in America last year which is about half of the world's total, costing $77 million.  A typical home windmill is used in conjunction with electricity from local utilities.  When wind is light, electricity comes from the utility company; high winds generate excess power which is sent back to the grid.  Owning a small windmill system for a home costs about $40,000 and would take up to 15 years to pay for themselves.  Zoning restrictions and objections from neighbors can pose obstacles.

Bookmark & Share

User Comments

Be the first to comment on this post below!

Popular tags on this blog

Awards & Recognition | Central Florida New Home Construction | central florida news | Client Appreciation | Entertainment | Finding Your Dream Home | Foreclosures | Golden Oak Real Estate | Heathrow FL News | Hot 100 Realtor Hall of Fame | Housing Market | Karen Arbutine | Longwood FL Home for Sale | Longwood FL News | Luxury New Home Construction | Memorial Day | Mortgage News | New Home Construction | Orlando FL Economy | Orlando Luxury Homes | RE/MAX | Real Estate Myth | Real Estate News | Sales Tax | Selling Bonus |

All listing information is deemed reliable but not guaranteed and should be independently verified through personal inspection by appropriate professionals. Listings displayed on this website may be subject to prior sale or removal from sale; availability of any listing should always be independent verified. Listing information is provided for consumer personal, non-commercial use, solely to identify potential properties for potential purchase; all other use is strictly prohibited and may violate relevant federal and state law. The source of the listing data is as follows: My Florida Regional MLS (updated 6/20/18)
Read Our Blog

- OR -

Advanced Search 

Read Our Blog

Your privacy is our utmost concern. We will never sell your personal information. Privacy Policy
©2015 getorlandorealestate.com - all rights reserved. | Site MapThe Lake Mary / Heathrow Florida Real Estate Blog

More Central Florida Real Estate