How to Assess Wind Turbines Costs and Returns
- Author Shawni Groezinger
- Published October 5, 2011
- Word count 417
The environment and rising utility costs are some of the main reasons why alternative sources of energy are now becoming more and more popular around the globe. People who want to save the environment at the same time utilize free energy can consider making their own or buying ready-made wind turbines for their own energy supply. This will initially require an investment on their part. This now leads to the question of how much wind turbines costs and will they actually get back their own investment.
There are just too many things going on in building a turbine. You have to factor in the labor, the materials used and the long-term benefits that you will get after purchasing these wind generators. Moreover, a renowned supplier or manufacturer of materials to supply wind energy may have more expensive turbines compared to other brands.
The truth is wind turbines costs roughly around $2,800 to $4,800 for every kilowatt capacity. These are commercial wind turbines that are complete with wind resource assessment, freight costs, site analysis, construction expenses and metering equipments. Warranty, repair, insurance and maintenance fees are also part of the costs.
Each wind turbine also varies in size, its design and capacity to produce energy. You can expect that larger turbines will definitely cost more than the smaller ones. Sometimes 1 turbine or wind generator is not enough to supply an entire household of enough electricity that it needs. This is the reason why some may have to buy one large turbine and add on 2 smaller ones to produce enough energy for the entire house.
There is a way, however, to save on costs if you are willing to go the extra mile. One of the ways to streamline the costs of these wind generators is by building your own. You can purchase materials and different requirements to build your own home-made wind turbine. You can spend as little as $100 or as much as $500 to purchase all the stuff that you need. You also have the option to have this assembled, although that would also mean additional fees that you need to pay.
But computing the costs in setting up your wind turbines is not the only thing to be considered. Remember that the cost may appear big and the effort you need to put in may seem too much, but if you look at the returns you will see the great savings you will make compared to your usual source of electricity. These returns usually outweigh the wind turbines costs.
Justifying the wind turbines cost can be hard when figuring the upfront cash required for installation. The wind turbines cost can be cashflowed easily utilizing them for the correct project.
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