Financial Support

HOW MUCH DOES A WIND TURBINE COST?

The cost of a wind turbine varies depending on the type and size. Please contact us with your requirements to receive further information on pricing.

HOW DOES THE COST OF A SMALL WIND TURBINE COMPARE TO THAT OF OTHER TECHNOLOGIES?

Small Wind turbines (those with generating capacities of up to 100 kilowatts and under) are often the least expensive way to generate clean, on-site electricity.

Hybrid systems (such as wind/photovoltaic or wind/diesel) can often provide the most efficient and cost-effective option for rural electrification.

Wind energy is much cheaper than solar systems, however the payback period can be lengthy – as little as 6, but sometimes up to 30 years, depending on the wind turbine. This is why it’s important to take advantage of rebates or tax credits available for small wind system installations. Well-sited, small wind turbines can usually pay for themselves within 15 years, if the right incentives are applied.

 

WILL A WIND TURBINE SAVE ME MONEY?

A wind turbine typically lowers a household electricity bill by 50% to 90%. Depending on the turbine size and the installation site, a turbine could supply more than 100% of a home’s energy needs, sometimes resulting in a “negative” electric utility bill.

The amount of money a small wind turbine will save you in the long run depends upon its cost, the amount of electricity you use, and the average wind speed at your site, among other factors.

Since energy conservation is usually less expensive than energy production, making your house or farm more energy-efficient first will likely reduce the amount of investment in a wind system to meet your needs.

 

WHAT SCHEMES ARE AVAILABLE FOR WIND TURBINE OWNERS?

Renewable energy has become more attractive thanks to the government launched Feed-in Tariff (FIT) scheme. Under this scheme, energy suppliers must pay you if you generate your own electricity through renewable energy – whether your use it to power your home or export it to the grid.

The scheme guarantees a minimum payment for all electricity generated, plus a separate extra payment for electricity you export to the grid. You’ll also be saving money on your energy bills by importing less from the grid.

Keep in mind that there are terms and conditions that apply to this scheme. To learn more and to see the FIT rates for wind turbines, click        Feed-in Tariff explained.