Efficiency & LIPATypical Municipal Wind System Cost
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Sample Cost for a 50 kW wind energy system with an annual output of 87,600 kWh. |
|
| Installed Cost (assumes $5.00 per watt) | $250,000 |
| LIPA Rebate 1st 16,000 kWh (at $4.50 per watt) | (72,000) |
| LIPA Rebate for greater than 16,000 kWh (at $1.50 per watt) | (107,400) |
| Total Rebate | 179,400 |
| Or 60% of installed cost * | 150,000 |
| Total Rebate Amount (lesser of 2 calculations) | $150,000 |
| System Cost after Rebate | 100,000 |
| NYS Tax Credit | N/A |
| Federal Tax Credit | N/A |
| Final Customer Investment | $100,000 |
| * Maximum rebate allowed is $200,000 | |
|
Estimated Annual $ Saved |
|
| Annual Estimated Savings | $16,206 |
| - Based on output of 87,600 kWh annually at 0.185 cents / kWh | |
| Approximate Simple Payback | 6.2 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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