How will a community wind project get developed and how much will it cost?
Cost depends on a lot of factors but $2 – 2.5 million per megawatt installed is a safe assumption. That’s an installed cost. Just for a turbine and tower, you are looking at $1.5 million dollars per megawatt. But then you have site development, freight, FAA lights, foundations, cranes, electrical systems, etc. How much of this comes from you depends on how you choose to finance, develop, and set up the ownership of the project. We can help. What follows is a sample of ways community wind projects are financed and developed, for more detailed analysis please visit the resources at our Community Wind page. • Public Entities and Non-Profits: these organizations, such as government agencies, municipal utilities, and colleges, cannot take advantage of wind energy’s Production Tax Credit (PTC) (?)or Accelerated Depreciation but they do have access to lower-cost financing and typically have a tolerance for lower returns on investment. • Multiple Local Investors: local landowners partner with
