Typical Residential Wind System Cost

Sample Cost for 10 kW wind energy system:
Installed Cost (assumes $6.00 per watt) $60,000
LIPA rebate 1st 16,000 kWh (at $3.50/kWh)  (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
   
 

AttentionAlert
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!