How much does a wind turbine cost?

The typical wind turbine is 2-3 MW in power, so most turbines cost in the $2-4 million dollar range. Operation and maintenance runs an additional $42,000-$48,000 per year according to research on wind turbine operational cost. See the National Renewable Energy Laboratory’s website for the most recent (December 2022) Cost of Wind Energy Review.

How much does a freestanding wind turbine cost?

Freestanding wind turbines are more expensive to install, but they’re much more effective if you’re serious about going fully renewable or perhaps even benefitting from the Feed-in Tariff. Prices vary from around £7,000 for a 1.5 kW freestanding wind turbine to around £70,000 for a 15 kW one.

How much does a roof-mounted wind turbine cost?

A roof-mounted turbine could be a good option if you have a high roof that regularly gets enough wind speed. The average cost of a roof-mounted domestic wind turbine is £2,000. These turbines are generally cheaper and easier to install than freestanding wind turbines. However, they’re typically small, varying in power from around 0.5 to 2.5 kW.

What are the capital costs of a wind power project?

The capital costs of a wind power project can be broken down into the following major categories: Source: Blanco, 2009. Wind turbine costs includes the turbine production, transportation and installation of the turbine. Grid connection costs include cabling, substations and buildings.

How much does a wind power system cost?

The installed capital costs for wind power systems vary significantly depending on the maturity of the market and the local cost structure. China and Denmark have the lowest installed capital costs for new onshore projects of between USD 1 300/kW and USD 1 384/kW in 2010.

How much power does a wind turbine produce?

One megawatt = 1,000,000 watts of power. One megawatt can power about 1000 homes for a month but in reality, wind turbines don’t come close to producing their rated capacity because of changing wind speeds. Wind turbines cost more the bigger they get, but they produce more electricity with larger nacelles and turbine blades.