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As of March 2021 for projects starting generating electricity in Turkey from renewable energy in Turkey in July feed-in-tariffs in lira per kWh are: wind and solar 0.32, hydro 0.4, geothermal 0.54, and various rates for different types of biomass: for all these there is also a bonus of 0.08 per kWh if local components are used. [126]
The legislation continues by specifying goals for the Wind Energy Research Program, "(i) reduce average wind energy costs to 3 to 5 cents per kilowatt hour by 1995;(ii) reduce capital costs of new wind energy systems to $500 to $750 per kilowatt of installed capacity by 1995; (iii) reduce operation and maintenance costs for wind energy systems ...
The main cost of small wind turbines is the purchase and installation process, which averages between $48,000 and $65,000 per installation. Usually, the total amount of energy harvested amount to more than the cost of the turbines.
Offshore wind projects in the United States cost US$4,000 per kilowatt to build in 2023, compared to US\$1,363 per kilowatt for onshore wind farms. The cost of offshore wind has increased by 36% since 2019, while the cost of onshore wind has increased by only 5% over the same period. [44]
In the United States, residential wind turbines with outputs of 2–10 kW typically cost between US$12,000 and US$55,000 installed (US$6 per watt), although there are incentives and rebates available in 19 states that can reduce the purchase price for homeowners by up to 50 percent, to $3 per watt. [25]
Today, the vast majority of wind power is used to generate electricity using wind turbines. [12] Modern utility-scale wind turbines range from around 600 kW to 9 MW of rated power. The power available from the wind is a function of the cube of the wind speed, so as wind speed increases, power output increases up to the maximum output for the ...