Is Wind Power Energy Efficient Enough To Save You Money?
Green energy has a lot going for it. In addition to saving the planet, many people are turning towards alternative energy sources to help reduce their utility bills. One popular green energy option is wind power, especially in off-grid areas. However, some people worry that the costs of setting up and maintaining wind power’s infrastructure may outweigh the benefits. We’re exploring the validity of these claims, and if wind power is energy efficient enough to save you money.
The Variables at Play
The benefits of using wind power vary depending on your circumstances. As mentioned, wind power is a particularly cost-effective method of producing energy for rural properties. However, it’s important to note that a number of factors affect these savings, including local utility rates and how windy your region is. This causes doubt about the consistency and effectiveness of wind power, since unpredictable weather has the potential to impact energy production levels.
The real question here is whether or not the average benefits of wind power outweigh the costs. For real answers, we can turn to a recent AWEA report showing that electricity prices have dropped by 0.37 percent over the last 5 years in states that produce the highest amounts of wind energy. Furthermore, this study reveals that all other states were subject to rising energy costs, suggesting that wind power is one of the most effective forms of energy production.
New Tech Means Fewer Worries
Another factor to consider about wind power is the technology that makes it possible. When first introduced, wind turbines were sensitive and easily damaged by clusters of insects, birds, and even high winds.
However, recent technological developments improved wind turbines to the point where the capacity factor (how close the turbine runs to maximum efficiency) for each turbine increased substantially, up to 50% in 2014 from 25% a decade previously. This means turbines can produce significantly more power without driving up costs. It also allows for wind turbines in areas with lower wind levels.
Finally, it’s important to look at system set-up if you’re looking into home wind power. While standalone turbines are the most effective choice for residents in remote or off-grid areas, connecting a turbine to your utility grid helps reduce regular electricity consumption in urban areas. As long as your average annual wind speeds are over 10 mph, turbines can provide long-term economic advantages.
So is wind energy efficient? You’ll want to look into the energy your home currently uses to make sure, but wind power is often a viable way to reduce electricity costs in both urban and rural areas. As long as your area is properly zoned for a turbine and you’re willing to make the initial investment, you could find that wind energy will save you significant cash.
Green energy is the future, and investing in wind power will ensure you do your part for the environment while staying fiscally responsible. The sooner you make the switch, the sooner you’ll help the environment and see real savings.