Budget costs
The costs set out in the table below should be used for budget purposes only and are before any grant.| Proven capacity | 6kW | |||
| System | Grid connected | Battery | ||
| Tower height (m) | 9 | 15 | 9 | 15 |
| Installation cost | £19,200 | £20,040 | £24,000 | £24,840 |
| Proven capacity | 15kW | |||
| System | Grid connected | Battery | ||
| Tower height (m) | 15 | 25 | 15 | 25 |
| Installation cost | £42,500 | £51,300 | £55,000 | £63,800 |
A quote should be obtained for a specific location.
The costs above include everything other than the cost of the foundation works including the concrete base and trench for the cable.
Turbine economics
The financial implications are of course fundamental to the decision of most to proceed with the installation of a turbine. There are however some who don’t put so much emphasis on the economics preferring instead to focus on the green credentials and contribution to the growth of renewable energy in the UK.
Developing a full and accurate picture of the possible returns on investment is a complex task given the number of variables involved. Such variables include the average mean wind speed of the particular site, future energy prices, interest on investment, grant assistance and rates payable amongst other issues.
Click here to get an indication of the potential return on investment of the variables turbine models installed by us.
Grant funding
The main source of funding is from the Low Carbon Buildings Programme (LCBP) managed by the Energy Saving Trust.
Stream 1 - Focused on grants for householders and offers a grant of up to £2,500 subject to the application of various energy saving conditions. Effective from the end of March 2008 the scheme has been extended by 15 months and will now be able to offer household grants through until June 2010 (instead of March 2009) or until funds run out, whichever comes sooner, with the scheme to close in March 2011. Information on the household phase of the LCBP is available from the website at http://www.lowcarbonbuildings.org.uk, or from the helpline on 0800 915 0990.
Funding is available throughout the month for eligible applicants. If the application is made on line an instant grant decision can be obtained. Applicants must complete the application form for themselves. They cannot be completed by the installer or any other agent on the applicant’s behalf.
Stream 2a – Up until the final round on 28th September 2007, grants of up to 50% or £100,000 for small to medium sized enterprises (SMEs) were available but the fund has now closed.
Frustratingly for the farming community, who after all own most of the land best suited to wind turbines, there are no grants to specifically aid wind turbine installations in agricultural situations.
As an overview it is necessary to justify the turbine without grant funding. Any grant is a bonus!
Finance
Contact us to discuss the options we may be able to offer for either secured or unsecured finance for all or part of the cost of the turbine. Our lenders understand our wind turbines and have developed finance packages for renewables.
Tax
Falling within the category of energy saving technology 100% of the capital expenditure may be written off in year 1 subject to certain criteria.
Further, householders will not be taxed from income derived from renewable energy.
