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A wind turbine is a rotating machine which converts the kinetic energy in wind into mechanical energy. The amount of electricity generated from wind has.

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Presentation on theme: "A wind turbine is a rotating machine which converts the kinetic energy in wind into mechanical energy. The amount of electricity generated from wind has."— Presentation transcript:

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2 A wind turbine is a rotating machine which converts the kinetic energy in wind into mechanical energy. The amount of electricity generated from wind has been growing fast in recent years. In 2006, electricity generated from wind was 2 1/2 times more than wind generation in 2002.” Wind turbines purchased by companies and corporations can receive tax benefits.

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7 Tax breaks “Green” company designation Numerous financial benefits

8 An income tax credit of 2.1 cents/kilowatt-hour is allowed for the production of electricity from utility- scale wind turbines. The price is also adjusted with inflation. Device wattageDeviceHours usedkWh 1000 watts medium window-unit AC one hour1 kWh 1500 wattslarge window-unit ACone hour1.5 kWh 500 wattssmall window-unit ACone hour0.5 kWh 24 watts 42" ceiling fan on low speed ten hours0.24 kWh 100 wattslight bulb 731 hours (i.e., all month) 73.1 kWh

9 How a tax credit is determined: – Did the turbine put power in the electrical grid? – How many kWh did it produce? To find out how many kilowatts/hour a wind turbine can produce, you have to consider how fast the wind is blowing. For example, “if the wind is blowing 10 mph, 990 kWh is produced. If it’s blowing 20 mph, 1980 kWh is produced Tax breaks usually amount to 20%

10 Why is a wind turbine a great investment? – Wind energy is quickly becoming one of the United States most sought after renewable energy sources. According to the United States Department of Energy, energy companies have cashed in for over $28 billion dollars on wind energy since the 1980’s. In 2007 the United States saw a 46% increase in wind power capacity. In 2007 the enormous growth accounted for over $9 billion of the total $28 billion. Return on investment could happen in as little as 6 years

11 Things to consider before investing: – Total acreage and average annual wind speed of the wind farm location. These two items have the largest direct impact on the return of your investment. – Next to total acreage and average wind speed, the cost of electricity has the greatest effect on the total return of your investment. Places where utility expenses are high allows for a greater return on your investment. –. Quality equipment that is installed by trained professionals can last upwards of 20-30 years. In the long run the quality equipment will more than pay for the difference in price from the cheap equipment.

12 Consumers today are more sensitive than ever to global warming. Companies who use alternative energy are considered “green” Wind energy decreases our dependence on foreign oil

13 A “green” reputation opens up a whole new market of customers. “Win, Win” situation for company and customer "I learned early on in the process of marketing a green company that you need to find the perfect balance between telling your story as a values-based business and making sure your consumers know that your product actually does what you say it does.“ (Newsweek)

14 Wind turbines: – Are a sound financial investment – Benefit the earth and the company – Will be profitable for many years – Reduce foreign oil dependency


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