Wondering how much money you can make with wind turbines?
It’s a common question considering how much wind turbines cost and how big they are. If you are considering investing in a wind turbine, here are some things to consider:
How much do wind turbines cost?
Home or farm-scale turbines are generally under 100 kilowatts and cost about $3000–$8000 per kilowatt of capacity. A large house would need a 10-kilowatt turbine and the installation cost would be about $50,000-$80,000. Smaller farm or residential turbines cost less but are more expensive with regards to per kilowatt of energy-producing capacity.
On the other hand, commercial wind turbines cost millions of dollars. Here is a breakdown:
- A commercial average-sized wind turbine (2 megawatts) costs about $2.6–4 million.
- The cost of the turbine goes up along with the size of the turbine. There are also certain benefits that come from using larger wind turbines.
- The cost also depends on how many turbines you order, when the agreement takes place, contracts and location of the project.
How much money does a wind turbine produce?
Turbines are quite an expensive investment and so it’s important that they generate money for the buyer. Wind turbine owners can sell electricity to local power utilities for homes and businesses. So how much can wind turbines make?
Wind turbines can make between $3000–$10,000 or more per year depending on the size and kilowatt capacity of the turbine. Farmers on wind farms can maintain their own electricity production and guarantee a lower price for at least 20 years.
In 2019, A 1-megawatt turbine produced $61,320 at 35% capacity, $87,600 at 50% capacity and $114,880 at 65% capacity. A 2.5-megawatt turbine produced $153,300 at 35% capacity, $219,000 at 50% capacity and $284,700 at 65% capacity. Lastly, a 4-megawatt turbine produced $245,280 at 35% capacity, $350,400 at 50% capacity and $455,520 at 65% capacity.
Wind turbines can only perform at 35–65% capacity due to wind conditions.
Wind turbine maintenance cost
Once you purchase and build a wind turbine, there are ongoing maintenance costs to consider:
- 1–2 cents per kilowatt-hour produced
- $42,000–$48,000 per year
Although these costs seem high, wind turbines are worth the investment, especially because they can recoup costs on their own.
If you are looking to purchase or service your wind turbine, you should contact a reputable energy services company. At Anemoi Energy Services, we offer comprehensive wind turbine maintenance and wind turbine services to make sure your units are running efficiently and at capacity each day. Contact Anemoi today for any wind turbine service.