How long does it take for a wind turbine to pay for itself?
How long does it take for a wind turbine to pay for itself? The environmental payback period is the amount of time it takes for a wind turbine to generate the amount of energy used during manufacturing and installation. For most wind turbines, the time it takes to offset this energy use is between 6 months to a year.The payback period for a wind turbine can vary depending on various factors such as the cost of the turbine, the amount of electricity it generates, the cost of electricity in the area, and the incentives available. In general, a wind turbine's payback period can range from 6 to 15 years. However, some studies suggest that the average payback period for a typical residential wind turbine is around 9 years. It's important to note that while the initial investment in a wind turbine may be high, it can provide significant savings in the long run, as wind energy is a renewable and free source of energy. Additionally, wind turbines can generate electricity for up to 20-30 years, providing a significant return on investment over their lifetime.