Hook Your Wind Machine to the Grid
(Page 3 of 3)
Business applications: There's a federal
15% renewable-energy tax credit for businesses that install
wind machines to serve their enterprises' electrical needs.
In addition, if enough of the power produced from a
residential system goes to the utility grid, the owner may
be considered to be in the business of producing
electricity. This can be ticklish for small systems
connected in series, but all parallel connected systems
should qualify as power-producing businesses.
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The federal government also provides a 10% investment tax
credit. This can trim yet another 10% off the taxes paid by
a business. And the Internal Revenue Service allows wind
systems to be depreciated over a five-year period (under
Accelerated Cost Recovery), which means that a percentage
of the machine's cost can be deducted from business income
each year over a five-year period.
THE ENERGY FUTURE
Researchers think that the cost of electricity will
continue to rise at a rate of 15 to 30% annually, once the
current leveling in cost has passed. They also suggest that
another major energy crisis can be expected in the 1990's.
Thus, the development of wind energy, wherever it's
practical, is vital to both our personal and national
well-being.
At present, the tax and utility interconnection incentives
are crucial to the feasibility of wind-energy systems.
Unfortunately, the renewable-energy tax credit is due to
expire in 1985. And, as of this writing, a renewal bill has
failed to make its way through Congress. If you'd like to
develop your own wind system in the next few years, you may
want to contact your representatives and senators and urge
them to support a continuation of these incentives.
EDITOR'S NOTE: Readers who are interested in developing
wind systems for far less than the going commercial rate
may want to build their own small DC plants by using plans
developed by Marshall Price. These machines can produce DC
power to be used independently from the utility; or, with
the proper synchronous inverter, the electricity can be
tempered and sold to the power company. The plans are
available for $15—plus $1.00 shipping and
handling—from Mother's Plans, P.0. Box A, East Flat
Rock, NC 28726.
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