OPEI has announced its support of proposed legislation from Sens. Leahy and Sanders and Congressman Welch that would provide consumers with a 25-percent tax credit toward the purchase of alternative energy powered lawn, garden and forestry power equipment. Currently, outdoor power manufacturers offer a range of alternative energy powered equipment from battery, electric, hybrids, propane and solar to compressed natural gas and diesel.
If passed, product purchases that would qualify for the 25-percent tax credit include equipment that:
· Is powered by a motor drawing current from solar, electricity or rechargeable batteries,
· Has a hybrid-electric drive train and/or cutting system powered by a generator or electrical storage device combined with a small engine, or
· Is powered by alternative power sources and regulated by the EPA.