In my opinion, an investment that doesn't break even within at least 7 years is a bust.
This is a taxpayer money transfer scheme, the likes of which we have seen far too much from Washington D.C.
But I would still like to see some construction/operating cost numbers versus power output. I have a friend who claims these things actually pay for themselves, and he's a STEM major.
“This is a taxpayer money transfer scheme”
To get everyone on board, they allow funneling of the monies to farmers as leases on their lands, so the farmers keep quiet about it.
Windmill Rating Megawatts (MW) |
2 |
|
Revenue Rate, from each Kilowatt Hour (KWhr) |
$ 0.07 |
|
Hours in a year |
8760 |
|
Average Utilization per year at max capacity |
0.269 |
|
MW Hours per year at average caapcity |
2356.44 |
|
Revenue (MW * Revenue Rate) |
$ 164,951 |
|
Install Cost |
$ 4,000,000 |
|
Life span in years (real world stats) |
15 |
|
Amortization Install Cost |
$ 266,667 |
|
Maintenance Costs per hour per megawatt hour |
$ 26 |
|
Maintenance costs per year per megawatt hour |
$ 61,267 |
|
Land Lease Cost to farmer |
$ 10,000 |
|
Lifespan Cost |
$ 266,667 |
|
Total Annual Cost |
$ 337,934 |
|
Revenue |
$ 164,951 |
|
Balance |
$ (172,983) |
Costs more than it produces. |
Federal Payment per Megawatt Hour |
$ 23 |
|
Total Federal Payment |
$ 54,198 |
|
Average State subsidy |
Unknown |
Can be zero through over $350,000 per windmill. |