ROI Formula:
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Return on Investment (ROI) for wind turbines measures the financial return relative to the cost of the investment. It helps determine how profitable a wind turbine installation will be over time.
The calculator uses the ROI formula:
Where:
Explanation: The equation calculates the percentage return on your wind turbine investment based on energy savings and initial costs.
Details: Calculating ROI helps investors and homeowners determine the financial viability of wind turbine installations and compare different renewable energy options.
Tips: Enter energy saved in kWh, price per kWh in your local currency, and the initial cost of the wind turbine installation. All values must be positive numbers.
Q1: What is a good ROI for wind turbines?
A: Typically, ROI above 10% is considered good, but this varies by location, energy prices, and installation costs.
Q2: How long does it take to break even on a wind turbine?
A: Payback periods typically range from 5-15 years depending on turbine size, wind resources, and energy costs.
Q3: What factors affect wind turbine ROI?
A: Key factors include wind speed at your location, turbine efficiency, maintenance costs, energy prices, and government incentives.
Q4: Should I include maintenance costs in the calculation?
A: For more accurate results, subtract annual maintenance costs from your energy savings before calculating ROI.
Q5: How does turbine size affect ROI?
A: Larger turbines generally have better ROI due to economies of scale, but require higher upfront investment and suitable sites.