Small wind turbines can be a great option for homeowners looking for an affordable and environmentally-friendly energy source. Here are some key points to consider when evaluating the cost-effectiveness of a small wind turbine:
Local wind resources: The first step is to determine whether your area has sufficient wind resources to make a small wind turbine worthwhile. According to the U.S. Department of Energy, a lot of rural areas are well-suited for small wind turbines. You can check your location’s wind resources using the Wind Energy Resource Atlas of the United States.
Costs: Small wind turbines can vary in costs depending on the model and the specifics of your site. A typical residential wind turbine system can cost between $15,000 to $60,000, including installation and maintenance. However, some states offer incentives and grants to encourage renewable energy like wind power.
Energy savings: If your small wind turbine generates enough electricity, you could see a significant reduction in your electric bill – between 50 to 80 percent, or possibly even eliminate it completely. Over time, this can add up to significant cost savings.
Maintenance: Like any other piece of equipment, small wind turbines require maintenance to keep them running efficiently. However, maintenance costs are generally lower than those of solar panels or other renewable energy systems since small wind turbines have fewer components.
Longevity: A well-maintained small wind turbine can last for at least 20 years. When factoring in energy savings and potential incentives, homeowners may recoup their initial investment after around 6 years.
Overall, small wind turbines can be a cost-effective home energy source for those who live in areas with favorable wind conditions. While the initial costs may seem high, the potential for long-term energy savings and the environmental benefits make a small wind turbine an attractive option to consider.