Wind Energy Home System: How Much Does it Cost? Read on to Find the ANSWER.
The cost of wind energy can be calculated from a number of factors. It is interesting to note immediately that wind energy benefits from an enormous advantage of being a free and renewable energy. It is generated from our number of factors and largely from the uneven heating of the surface of the earth by the sun. The wind-flows between warmer and cooler areas are what generate the airstreams, which are then used in the generation of electricity by wind turbines.
Wind energy business model: financing of wind energy
Wind energy has already dropped in price to as little as 5 cents per kilowatt-hour. Costs have been steadily dropping over the years and together with high tech wind turbine installations, there has been at least an 80 percent reduction in wind energy prices over the last twenty years. Wind energy generators in the nineteen eighties were as high as 30 cents per kilowatt hour, even taking into account the fact that the energy was free and renewable. Because of these advances, wind energy demonstrates a rapid growth rate in the world compared to any other source of electricity.
Wind energy also brings other advantages economically which means that it is certainly here to stay for the long run. There is no dependency on fossil fuels, which means freedom from the crises and the enormous expenses that the country has seen in the sense. Wind can be a consistent and also completely free source of energy if the wind turbines are installed correctly. With the growing opposition to the environmental impacts of conventional fossil fuel power plants, and the extremely attractive cost per unit of electricity from wind turbines, farmers and ranchers are now more and more using wind energy generation to supply their own needs for electricity and to sell back electricity to other people.
However, it must be stated that at least five meters per second of wind speed is required in order to generate a reasonable amount of power. The power generated is directly correlated to wind velocity, and therefore a cost effective site must be selected in order to profitably generate electricity.
Dropping the cost of wind energy further
A wind energy developer applying utility financing to wind energy power plants can already generate wind power for as low as 5 cents per kilowatt-hour from a standard 50 MW wind power plant. However this price for kilowatt-hour can drop to as little as 3,5 cents, which is a 30 percent reduction. Wind power generation in this sense is even more attractive compared to say gas power plants and it is clear that wind power generation costs will continue to decrease in the coming years.
Help save the environment and money at the same time!
Wind as a renewable and clean source of energy is accepted all over the world. Wind clearly saves the environment from the pollution such as acid rain and greenhouse gas that arises from fuel fossil fuel farms. The global warming and degradation of visibility are clear consequences of fossil fuel use. In addition the use of coal for example releases minute dust particles in the air, which trigger cardiovascular and the respiratory disease such as asthma in human beings. In addition, use of coal power plants has also been linked to a higher mortality rate in infants.
Wind power now needs to be set-up with the long-term power generation contracts to solidify and consolidates market acceptance of this new and renewable energy source. The advantages that should allow this to happen include the minimum cost of life cycle for wind energy plants, because they have minimum operating expenses and no fuel purchase is necessary. Wind energy can be used and reused, but will never contribute to any of the pollution that is generated by the conventional fossil fuel power plants. - 23802
The cost of wind energy can be calculated from a number of factors. It is interesting to note immediately that wind energy benefits from an enormous advantage of being a free and renewable energy. It is generated from our number of factors and largely from the uneven heating of the surface of the earth by the sun. The wind-flows between warmer and cooler areas are what generate the airstreams, which are then used in the generation of electricity by wind turbines.
Wind energy business model: financing of wind energy
Wind energy has already dropped in price to as little as 5 cents per kilowatt-hour. Costs have been steadily dropping over the years and together with high tech wind turbine installations, there has been at least an 80 percent reduction in wind energy prices over the last twenty years. Wind energy generators in the nineteen eighties were as high as 30 cents per kilowatt hour, even taking into account the fact that the energy was free and renewable. Because of these advances, wind energy demonstrates a rapid growth rate in the world compared to any other source of electricity.
Wind energy also brings other advantages economically which means that it is certainly here to stay for the long run. There is no dependency on fossil fuels, which means freedom from the crises and the enormous expenses that the country has seen in the sense. Wind can be a consistent and also completely free source of energy if the wind turbines are installed correctly. With the growing opposition to the environmental impacts of conventional fossil fuel power plants, and the extremely attractive cost per unit of electricity from wind turbines, farmers and ranchers are now more and more using wind energy generation to supply their own needs for electricity and to sell back electricity to other people.
However, it must be stated that at least five meters per second of wind speed is required in order to generate a reasonable amount of power. The power generated is directly correlated to wind velocity, and therefore a cost effective site must be selected in order to profitably generate electricity.
Dropping the cost of wind energy further
A wind energy developer applying utility financing to wind energy power plants can already generate wind power for as low as 5 cents per kilowatt-hour from a standard 50 MW wind power plant. However this price for kilowatt-hour can drop to as little as 3,5 cents, which is a 30 percent reduction. Wind power generation in this sense is even more attractive compared to say gas power plants and it is clear that wind power generation costs will continue to decrease in the coming years.
Help save the environment and money at the same time!
Wind as a renewable and clean source of energy is accepted all over the world. Wind clearly saves the environment from the pollution such as acid rain and greenhouse gas that arises from fuel fossil fuel farms. The global warming and degradation of visibility are clear consequences of fossil fuel use. In addition the use of coal for example releases minute dust particles in the air, which trigger cardiovascular and the respiratory disease such as asthma in human beings. In addition, use of coal power plants has also been linked to a higher mortality rate in infants.
Wind power now needs to be set-up with the long-term power generation contracts to solidify and consolidates market acceptance of this new and renewable energy source. The advantages that should allow this to happen include the minimum cost of life cycle for wind energy plants, because they have minimum operating expenses and no fuel purchase is necessary. Wind energy can be used and reused, but will never contribute to any of the pollution that is generated by the conventional fossil fuel power plants. - 23802
About the Author:
Jim Martin is a researcher, inventor, home energy consultant and author of the best-selling e-book, "Earth 4 Electricity- Renewable Energy Made Easy". To Learn More about Jim Martin's Unique Step By Step Solar and Wind Power System Visit: Earth 4 Electricity. For further information visit: Learn EXACTLY How Wind Energy Works .
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