There are many financial benefits to wind power. NYSERDA incentives offer you a great opportunity to mitigate the costs of installation and the time it takes for you to see a return on your investment.
What financial factors should I consider?
When deciding to install a wind system, you should consider your current electric bills as well as the cost of the wind turbine. For example, if you pay 14 cents per kilowatt-hour (kWh), have an average wind speed of 12 miles per hour, and install a 10 kW wind turbine, you can expect it to pay for itself in approximately 25 years, without considering federal tax credits. If the wind speed is increased to 14 mph, the payback time decreases to 16 years. NYSERDA cash incentives can cut the payback time in half.