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There are federal and state government programs and mandates that provide enough of an incentive to make a certain amount of wind power development economically attractive. As the number of wind turbines being marketed has increased, the price of the generators has come down. Prices were high back in 2008, 2009 when there was a big increase in demand but production capacity was limited. Production capacity has since increased and the number of units being sold has leveled off, so prices have come down considerably in the last couple of years.
Some portions of the cost are what I call 'accountant's money'. Money paid on interest to loans, and to some extent, money paid to the person who owns the land on which the turbines are built. If you own the land on which the turbine is placed, and you're not borrowing the money to build it, the cost of the electricity from wind drops dramatically and it is economical.
Size also matters in this issue. Small home systems that produce several hundred watts can be as inexpensive as $600.00 to install. I have twin 400 Watt units on my home that supply power in parallel with 3000 watts of solar panels into non grid inverters. The payback of the wind systems is about 15 years, while the solar panels is over 25 years. The return on investment is not ideal, they provide very quiet backup power in areas were grid power is not consistent and backup is vital.
If you are believing that this is a green power, you may become slightly disappointed when you look at all the power it takes to build and the energy used to maintain, but these systems do have their place.
What else can I help you with?
Do the costs of wind power make it prohibitive for common use?
The costs of wind power have decreased significantly over the years, making it more competitive with traditional energy sources. While upfront costs for setting up wind turbines can be high, the long-term operational costs are relatively low. In many regions, wind power is now cost-competitive and often a preferred choice for electricity generation.
Why is wind energy not available to everyone?
Wind energy may not be available to everyone due to geographical constraints, as windy areas are often located in specific regions. Additionally, infrastructure and investment costs for setting up wind farms can be prohibitive for some communities or individuals. Regulatory challenges and local opposition can also hinder the widespread adoption of wind energy.
What is the correct term for wind energy?
"Wind energy" or "wind power" is just fine. It is also sometimes known as eolic energy, but this term doesn't seem to be very common in the English language.
What do wind energy and solar energy have in common?
Wind energy and solar energy are both renewable sources of energy that are abundant and clean. They both harness natural elements - wind and sunlight - to generate electricity without producing greenhouse gas emissions or contributing to air pollution. Additionally, both technologies have been rapidly advancing in efficiency and cost-effectiveness in recent years.
What are the reasons for high cost of wind energy?
The high cost of wind energy can be attributed to several factors, including the initial investment required for the construction of wind turbines and transmission infrastructure, the intermittency of wind as a power source requiring additional backup power generation or energy storage systems, and challenges associated with integrating wind farms into existing power grids. Additionally, factors such as maintenance and operation costs, land acquisition, and regulatory requirements can also contribute to the overall cost of wind energy.
What do alternative energy resources and wind energy have in common?
wind + gas
Do the costs of wind power make it prohibitive for common use?
The costs of wind power have decreased significantly over the years, making it more competitive with traditional energy sources. While upfront costs for setting up wind turbines can be high, the long-term operational costs are relatively low. In many regions, wind power is now cost-competitive and often a preferred choice for electricity generation.
Why is wind energy not available to everyone?
Wind energy may not be available to everyone due to geographical constraints, as windy areas are often located in specific regions. Additionally, infrastructure and investment costs for setting up wind farms can be prohibitive for some communities or individuals. Regulatory challenges and local opposition can also hinder the widespread adoption of wind energy.
What is the cost comparison between wind energy and fossil fuels?
Wind energy is generally becoming more cost-competitive with fossil fuels, as the cost of wind energy has been decreasing over the years while the cost of fossil fuels can fluctuate. In some regions, wind energy is already cheaper than fossil fuels, making it a more attractive option for generating electricity.
How much money does wind energy cost per KW-hr?
Wind energy costs 5million a year
What do wind energy and wave energy have in common?
they both are types of renewable energy
What do both wind energy and wave energy have un common?
theyre both energy
What is the correct term for wind energy?
"Wind energy" or "wind power" is just fine. It is also sometimes known as eolic energy, but this term doesn't seem to be very common in the English language.
What do wind energy and solar energy have in common?
Wind energy and solar energy are both renewable sources of energy that are abundant and clean. They both harness natural elements - wind and sunlight - to generate electricity without producing greenhouse gas emissions or contributing to air pollution. Additionally, both technologies have been rapidly advancing in efficiency and cost-effectiveness in recent years.
The cost of wind energy in the US?
Setting up wind mills can be expensive but using the wind energy for everyday appliances can actually save you up to $2000 a year.
What is the comparison between the cost of wind energy and fossil fuels?
Wind energy is generally becoming more cost-competitive with fossil fuels like coal and natural gas. The cost of wind energy has been decreasing over the years, making it a more affordable and sustainable option compared to traditional fossil fuels.
What is the environmental cost of using wind turbines?
Wind turbines generate energy using wind power. This does not affect the surrounding environment, therefore their environmental cost would be minimal.
