Understanding Wind Turbine Costs

Wind turbine costs can cost you as little as $6,000 but you could also pay a little over $20,000 depending on three things:

• Application or purpose
• Size
• Service agreement

If you intend to completely rely on your wind turbine to generate your home’s entire electricity needs, then of course you’ll spend more.  Expect to spend a larger amount of money as the bigger and more advanced your wind turbine becomes.

Manufactures and  Wind Turbine Costs

Finally, wind turbine costs could increase if your service agreement with your wind turbine manufacturer requires professional installation, regular maintenance, and payment for other related services.

How Much Money You Can Save

Wind turbine costs are generally offset by the amount of money you can save from having lower monthly utility bills.  Households typically benefit from 50 – 90% savings on their utility bills once they have a wind turbine installed.

In terms of dollars, imagine having monthly electricity bills that amount to single digits. In fact, it’s not uncommon for a homeowner to receive an $8 or $15 bill for electricity when they completely rely on wind turbines to produce the electricity their home needs.

If you live in areas where daily air-conditioning or heating isn’t required, expect your utility bills to go much, much lower!

Ultimately, your electricity is virtually free when you have wind turbines working for six to fifteen years for your home. Besides which, having a wind turbine installed can also increase a property’s value because it’s considered an essential home improvement.

What You Can Do to Further Offset Wind Turbine Costs

By making small, but significant, adjustments to your home and lifestyle, you can lower wind turbine costs for your home even more.

Choose the right location

If you are using a DIY wind turbine, then you probably took care of its installation yourself.  If so, it’s possible that you may have chosen a less than ideal location for your wind turbine, which negatively affects its efficiency.

The best location for home wind turbines is always an elevated spot that will provide it direct and maximum access to wind power.  You can also further improve its location by investing in a tower, which should be 80 to 120 feet tall.  These are usually provided with commercially manufactured wind turbines.

Evaluate your use of electricity

Don’t rely on the savings that you’d get from using wind turbines.  Take a good look at your daily consumption of electricity.  What changes can you implement to make your lifestyle more cost-efficient and practical?  How about using natural lighting more than artificial or electrical lighting?   What about using solar panels in conjunction with wind turbines?

Apply for tax rebates and other incentives

Last, but not the least, you can offset initial wind turbine costs by applying to the state and federal government for tax rebates and credits.

Consider contacting your real estate agent and home insurance company as well.  They may increase the value of your property due to your new source of energy.  That may add property value and lower your home’s wind turbine costs in the long term as well.