On February 17, 2009 President Obama signed the
American Recovery and Re-investment Act of 2009 into law. This new bill tremendously improves upon the 2008 bill by
increasing tax credits and
removing “cost caps.” The long awaited change allows
you to take a
30 percent tax credit off the installed cost of various renewable energy measures including but not limited to a geothermal system and a wind turbine. This means that you may be able to slash the installation cost by roughly $10,000! For a full summary of the new tax benefits please visit:
http://www.energystar.gov