Cost Analysis (Wenhan, Anneliese, Ryan)
Wind Turbine: at most 2.2 million dollars per turbine
We would need 4 turbines to power Beaver Stadium
4 Wind Turbines at most would cost 8.8 million dollars
Cost of Electricity: 5.382 cents per kWh
Total Energy Used per year: 9,794,672 kWh
Total Cost of Energy per year: 9,794,672 * (0.05382) = $527,149.247
Cost Efficiency (Anneliese, Wenhan)
$8,800,000/$527149.247= 16.7
It would take 16.7 years for the wind turbines to pay for themselves, or less depending on the rising costs of fossil fuels.
Wind turbines will last from 20-25+ years.
(3.3years)*($527,149.247)= $1,739,592.52
You can save at least $1,739,592.52 by using the wind turbines for 20 years.
For the first 10 years, the government gives you a tax cut at almost 2 cents per kWh.
Once a wind turbine is built and payed for it, creates energy at almost no cost.
Wind Turbine: at most 2.2 million dollars per turbine
We would need 4 turbines to power Beaver Stadium
4 Wind Turbines at most would cost 8.8 million dollars
Cost of Electricity: 5.382 cents per kWh
Total Energy Used per year: 9,794,672 kWh
Total Cost of Energy per year: 9,794,672 * (0.05382) = $527,149.247
Cost Efficiency (Anneliese, Wenhan)
$8,800,000/$527149.247= 16.7
It would take 16.7 years for the wind turbines to pay for themselves, or less depending on the rising costs of fossil fuels.
Wind turbines will last from 20-25+ years.
(3.3years)*($527,149.247)= $1,739,592.52
You can save at least $1,739,592.52 by using the wind turbines for 20 years.
For the first 10 years, the government gives you a tax cut at almost 2 cents per kWh.
Once a wind turbine is built and payed for it, creates energy at almost no cost.