Typical Commercial Wind System Cost
Sample Cost for 100 kW wind system with an estimated annual output of 175,200 kWh:
|Installed Cost (assumes $5.00 per watt)||$500,000|
|LIPA Rebate for 1st 16,000 kWh (at $3.50 per kWh)||(56,000)|
|LIPA Rebate for greater than 16,000 (at $0.50 per kWh)||(79,600)|
|Or 60% of installed cost *||300,000|
|Total Rebate Amount (lesser of 2 calculations)||$135,600|
|System Cost after Rebate||364,400|
|NYS Tax Credit||N/A|
|Less 30% Federal Tax Credit||(109,320)|
|Final Customer Investment||$255,080|
|* Maximum rebate allowed is $135,600|
Estimated Annual $ Saved
|Annual Estimated Savings||$32,412|
|- Based on output 175,200 kWh annually at 0.185 cents / kWh rate|
|Approximate Simple Payback||7.9 years|
Remember... your wind energy system will continue to save you money and give you clean, environmentally friendly electricity for many years after it is paid for!
Call the Energy Efficiency Infoline at 1-800-692-2626.
LIPA does not provide tax advice. Customers should consult with their own tax advisor regarding the application of the Federal Tax Credit.