quote: and receive a $46,000 tax credit annually
quote: The economics of the project stack up even without the subsidies
quote: 1/ their financial guy is insane to even think they might break even in 5-6 years,
quote: While I don't think it is inevitable, it does seem fairly common in the US.
quote: (senior execs today) will not be defined as "smart".
quote: Isn't it a sad state of affairs when the people getting ripped off (namely, you), support the people who are doing it to them? Isn't that one of the definitions of brainwashed?
quote: The DOJ would still legally have to prosecute even if just a few complained. Or actually even if nobody did. Rules are rules. They are there to protect everyone, even if everyone doesn't understand them.
quote: So, why don't you put away the Nuclear Cheer Leader uniform and give some props to a business that found a way to make small scale alternative energy work for them. Not everyone has 10B dollars laying around to build a nuclear power plant in the middle of the desert...
quote: They're only making $161K/year because utilities are being required to purchase their generated power at above-market rates. If that electricity was being sold for the wholesale rate for commercially-generated power from conventional sources, the figure would be far lower.[...]Assuming the windmill requires zero maintenance or operating costs over the next 30 years. How likely do you think that is?
quote: but surely you can see this isn't a solution for the general case.
quote: Can you post the calculation you used to achieve this result? I could use a good laugh.
quote: My own simple crack at it, assuming the turbines last 20 years. Wind Turbines: 500k (your number) energy savings annually + 161k energy sales annually = 661k x 20 years = 13.22M - 3.9M cost = 9.32M value Long-dated Treasuries: 20 years, 5.7%, reinvested = 11.82M High-Yield Corporate Bonds: 20 years, 9%, reinvested = 21.85M
quote: you forgot one minor aspect. interest. you would need a loan to buy the turbine. A $3.3 million dollar loan at 5% would be $165,000 for interest only the first year. so over 30 years you would loose $120,000 and still have the turbine to pay for.
quote: The new turbine generates 4.6 million kWh (kilowatt hours) of energy, enough to power all the appliances in 613 houses.
quote: The amount of power generate is not based on the wind speed, as most thing , but rather on the diameter of the rotors.
quote: The amount of power generate is not based on the wind speed, as most thing, but rather on the diameter of the rotors.