Windmill electricity breakeven
Wondering what the breakeven is on installing windmill electricity at home? Though this depends on your site, wind speeds, and the efficiency of your windmill (by the way, it’s technically, a turbine, but popularly called a windmill).
First, it depends how much you spend on the windmill. If you build your own turbine, you can save a considerable amount of money. So, let’s use the estimate of $250 to cover the costs.
Then, you need to know what you spend each month on electricity. Let’s assume your bill is typically $400. If yours is higher or lower, adjust the calculations accordingly.
Next, determine how much wind power you can expect to generate given wind speeds at your site at the height you’ll be installing your wind turbine. If your calculations determine, for instance, that you can generate about 10% of the electricity you use in a given month, that equals a savings of $40 per month on your bill.
So, under those specific circumstances, your homemade windmill will pay for itself in about 7 months (you wind up $10 short at 6 months). Every $40 you save after that is money in your pocket.
Now, sure, saving 10% on your electric bill might not seem all that exciting, but think of what happens if you build more than one windmill. With three windmills, you’re saving a third of your electric bill each month and that kind of money could definitely go a long way. You could apply that savings to your mortgage and cut the years on your home loan pretty dramatically, or you could use that money to treat your family to a vacation this year. It’s completely up to you
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Now that you’ve seen how easy it is to calculate the breakeven of windmill electricity, tell me, what do your calculations indicate you could save by building your own windmill?
