Your Questions About Wind Turbine Cost

Linda asks…

where can I find grants to help build a wind turbine?

I live in MT. I am looking for grants that would help pay for some or all of the cost to build and hook a wind turbine to power my house. The costs for wind turbine are expensive but I would like to try to find alternative energy sources for my home.

admin answers:

Forget about grants. If you want it bad enough you will get off your lazy butt and earn the money to build one. Why should someone else pay for you to have a wind turbine?

Nancy asks…

Who really wants to save on their electric bill by using solar or wind turbine?

Hello; There are many states that have grants and / or enticements to go to solar or wind turbines to help defray the cost of these technologies. I hear you people talking but when are you going to do something about it?

admin answers:

(I got this from my solar guy)
In New Jersey it’s a pretty good deal. I’m not making a political statement, just a financial one.

For Residential:
30% Federal Tax Credit
SRECs are good until 2026, currently selling at $655/SREC (which means for every 1MW produced). They are mandated by NJ State Law.

For Commercial:
30% Federal Grant
SRECs are good until 2026, currently selling at $655/SREC (which means for every 1MW produced). They are mandated by NJ State Law.
Accelerated Depreciation (allows you to depreciate 85%-100% of the cost of the system the first year)

The IRR is between 20-30%.
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Good luck.

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