Are Wind Turbines for Homes Cost Effective?

Popularity of wind turbines for homes is increasing due to the turn toward green energy. While wind turbines for homes may not produce enough energy to completely free the consumer from a power company, it is enough in most cases to reduce your energy bill.

Price of Wind Turbines

The cost of wind turbines for homes depends on how much energy you will get from wind power. Wind turbines for homes can range from $500 to $22,000. Most usually cost about $10,000.

Cost Effectiveness

The cost of wind turbines is affected by the amount of wind that you get in your area. Once you determine that you get enough wind you know what size wind turbine you will need. The energy efficiency of your home’s doors, windows, and appliances are key factors in the savings you will see when using a wind turbine.

Your Location is a Factor

The type of area you live in determines the use and cost of wind turbines. Wind turbines are not recommended in heavily populated areas since there is not enough space for wind. If, you decide to use a wind turbine it will be expensive and your output will be small. The energy generated will be enough to reduce your energy bill but it will not have the needed wind for complete energy production.

In rural flat areas, wind turbines can use a less expensive turbine. Again, the wind turbine will not produce the amount of energy need to free you from a power company.

Total energy self-sufficiency requires you to have more than one wind turbine thus you will have an increase in cost. Wind turbines that produce all of their own power are placed on towers to harness the most wind power. A battery backup system is necessary to store the excess wind energy.

Overall Savings

The costs of installing wind turbines for homes have savings that are attached to them. Tax credits are given for installing wind turbines for homes. You may be able to completely write-off the cost or receive a tax break, or you may be offered a renewable $1,000 tax credit. State rebates or incentives for wind power are also available. Also, installing a wind turbine is considered a home improvement adding to the value of your home.

Recouping your starting cost for the wind turbine is accomplished in about three years when you estimate the rebates, tax credits, and energy output. You certainly will see a savings in your yearly energy bills.