Wind, Solar Power Focus Of Tax Credit Bill

Wednesday, February 7th 2007, 5:53 am
By: News On 6

OKLAHOMA CITY (AP) _ Oklahomans who install solar or wind power generators for their homes or businesses would be eligible for a tax credit under legislation authorized by a state House subcommittee.

The bill would provide new incentives to use alternative wind and solar power sources.

It would also provide a boost for a Norman-based company that is the world's largest manufacturer of small wind turbines.

The measure gives consumers a nontransferable tax credit equal to 40 percent of the total cost of installation for solar and wind energy systems, including construction and equipment costs.