Efficiency & LIPATypical Residential Wind System Cost
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Sample Cost for 10 kW wind energy system: |
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| Installed Cost (assumes $6.00 per watt) | $60,000 |
| LIPA rebate 1st 16,000 kWh (at $3.50/watt) | (45,990) |
| Or 60% of total installed cost | (36,000) |
| Total Rebate (lesser of 2 calculations) | $36,000 |
| Cost After Rebate | 24,000 |
| NYS Tax Credit | N/A |
| Less 30% Federal Tax Credit | (7,200) |
| Final Customer Investment | $16,800 |
| MAXIMUM REBATE ALLOWED IS $56,000 | |
|
Estimated Annual $ Saved |
|
| Annual Estimated Savings | $2,575 |
| - Based on output 13,140 kWh annually at 0.196 kWh rate | |
| Approximate Simple Payback | 6.5 years |
| LIPA does not provide tax
advice. Customers should consult with their own tax
advisor regarding the application of the Federal Tax
Credit.
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!
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