Cost Of Wind Power: What 3 Things Determine It?

The cost of wind power has come down dramatically in recent years, due in large part to the increases in the prices of other forms of energy. Certainly, any electricity made in a central power plant is going to be increasingly expensive as we gradually lose our supply of natural resources to burn for making our power.It is of course important to consider the cost of any project in terms of its total cost, or lifecycle cost.

There are number of factors that influence the cost of wind power, but there are 3 things that are the primary determinants and you need to pay the most attention to…

Size of the wind turbine - The size of the wind turbine has a lot to do with the efficiency and the amount of power that it will put out. The more the device is rated to achieve in terms of energy production, the more the wind turbine kit will cost. Therefore it is very important to size the device properly on the front end of your project. This needs to be done primarily with the thought in mind of how much wind you actually have available to you on your property.

Aesthetic appeal and type - The devices that look the best typically cost the most. Vertical axis wind turbines that are designed to be placed on your roof usually have a lot of aesthetic appeal. That aesthetic styling of course costs a lot of money. So, if you are put into a position where you need to install a wind turbine at a place where it must be matching the environment in which it is placed, you will need a more aesthetically pleasing unit and it will likely cost a good bit more than it would if it were placed otherwise.

Name brand factor - If you buy a namebrand wind turbine, for example Honeywell, expect to pay a lot more for the device. For the same amount of power you will put out you will end up costing yourself a lot more money by buying a namebrand device.

All in all, the cost of wind power is determined by the same factors that govern any other purchase you might make. However, the prices for these devices are coming down dramatically now and it pays to do some comparison shopping. There are a number of units that seem almost identical in performance out there that have drastically different price tags. In all things, simpler is better and when studying the cost of wind power, this is no different. A little bit of investigation on the front end of a project like this will pay dividends for years into the future.

Roger G. Brown has saved millions of dollars on electricity expenditures. Find out Roger's points.

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