Tax Credits for Distributed Wind Energy: Incentives up to 30%
The bill amends the Internal Revenue Code to apply an energy tax credit (up to 30%) to 'qualified distributed wind energy property.' This replaces the term 'small wind energy property' and applies to projects with a capacity not exceeding 10 MW. The credit targets wind turbines used for on-site consumption or shared-ownership programs.
Key points
A 30% tax credit is established for installing wind turbines up to 10 MW if construction begins before January 1, 2028.
The credit applies to systems installed on properties where the annual energy consumption is at least 50% of the energy produced by the wind property, or part of a shared program.
The definition of 'small wind energy' is replaced with 'distributed wind energy,' modifying the scope of projects eligible for tax relief.
Expired
Citizen Poll