Can A Residential Wind Turbine Pay For Itself?
Your wind turbine system comes with different ratings and claims about potential energy production and expected return on investment. Some turbines claim to pay for themselves within six years, but realistically the return on investment will be closer to 15 years. Determining the time it will take to recoup your costs on a wind power system is only one factor to consider before making the purchase.
An efficient wind energy system can lower monthly utility bills by 50-90%. The percentage of energy savings is high, but considering that power bills can be as low as $15 during some months, even a 90% savings rate can hardly make a dent in a $22,000 investment. The household will experience immediate savings on their monthly bills because of their upfront energy investment.
Residential wind power systems have the potential to make you money as well as save you money. An interconnection agreement with your utility states that the household will pay for electricity it draws from the grid, and the utility will pay the household for electricity put back into the grid by the wind turbine. During storms and periods of strong winds, your wind turbine has the potential to lower your electric bill to the point that the utility is writing you the monthly check.
In areas where power failures and brown-outs are common, a wind power system can act as a back-up to the unreliable grid. Using deep-charge batteries stores excess wind power generated during storms, and that stored power can be accessed when the grid fails.
A wind turbine set atop a 100 foot tower on your property is a visible commitment to renewable energy and clean fuel. It’s a way to support these issues not only with your dollars but with a big statement others will be able to see.
All the advantages to installing a wind power system on your property won’t change the fact that the initial costs are high, and the return on investment is very long. The high installation costs mean that only properties with favorable wind speeds should consider investing, because those properties will benefit the most from a wind system.
As renewable energy becomes more popular and technological advances make small wind systems more efficient and practical, many households are investigating installing
1000
turbines on their property. Careful consideration of the costs and research on the equipment and installation will provide the foundation for making a sound decision as to whether a wind power system is right for you.
By: Brent Crouch
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