Word: small-wind
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Dates: during 2008-2008
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What's really held back residential wind power has been the lack of federal subsidies, which have fed the growth of other renewables like solar and large-scale wind. "We've had zero federal assistance," says Ron Stimmel, AWEA's small-wind expert...
...when Congress passed the bailout bill this fall, it added a 30% tax credit for small-wind projects, which Stimmel believes will enable the industry to grow 40% next year, even in a down market...
...other words, small wind may not be small potatoes for much longer. And that could be a boost for domestic green businesses as well: U.S. firms control 98% of the small-wind market, in contrast to large-scale wind and solar, in which foreign manufacturers dominate. "Since the tax credit, our phone has been ringing off the hook," says Andy Kruse, a co-founder of Southwest Windpower, a major small-scale-turbine producer in Flagstaff, Ariz. "It's really exciting to see the market coming...
More than 20 states offer separate subsidies, including ever green California and Vermont. "The federal and state subsidies can make it feasible to get a quicker payback," says Mike Bergey, president of Bergey Windpower, a small-wind producer in Norman, Okla...