Small Wind Energy Systems (Wind Turbines) contain electric generators that convert the power of the wind into clean, emissions-free power for individual homes, farms, and businesses. In most areas of the country small turbines may be suitable for owners with as little as one acre of land , and some designs may even be suitable for roof-mounting in certain urban environments.
Pricing, Financing & Benefits
Prices vary significantly by:
- Type of wind turbine;
- Type of installation (roof mounted or pole mounted);
- Cost of permits.
Residential wind turbine systems can cost between $8,000 to $50,000, before rebates, tax credits and other incentives
Turbines and equipment costs can range from $5,000 - $30,000
- Installation cost can be an additional $3,000-$10,000
The cost of the system can be reduced by up to 50% through rebates and tax credits
Tax Incentives and Rebates
The Federal government allows homeowners and commercial property owners to deduct 30% of the net cost of the system from their income taxes. This tax break is available through 2016.
Some states offer rebates and other incentives to purchase a small / micro-wind turbine system.
Combined, these federal and state tax rebates and incentives may reduce the cost of a wind system by up to 50%.
Savings, Benefits, and Returns
- Annual returns on investments range from 10%-20%.
Wind-generated electricity protect homeowners and business owners against rising energy prices.
There are several options available to you to finance an investment in small wind system:
- Home equity or other collateralized loans
- Subsidized loans
- PACE program loans (available only in some communities)
- Peer-to-Peer loans
- Specialized loans
For a detailed discussion, refer to our
search for banks and leasings companies
that provide financing.