Budget costs
The costs set out in the table below should be used for budget purposes only and are before any grant.
| Proven 11 | 6kW |
| Tower height (m) | 15 |
| Installation cost | £29,365 |
| Proven 35-2 | 10.5kW |
| Tower height (m) | 15 |
| Installation cost | £55,675 |
| Proven 35 | 12.8kW |
| Tower height (m) | 15 |
| Installation cost | £62,573 |
| Evoco | 10kW |
| Tower height (m) | 15 |
| Installation cost | £43,200 |
| Gala 133 | 11kW |
| Tower height (m) | 18 |
| Installation cost | £54,850 |
| Endurance E-3120 | 50kW |
| Tower height (m) | 25 |
| Installation cost | £235,000 |
A quote should be obtained for a specific location.
The costs above include an allowance for foundation works including the concrete base and trench for the cable.
Turbine economics
The financial implications are of course fundamental to the decision of most to proceed with the installation of a turbine. There are however some who don’t put so much emphasis on the economics preferring instead to focus on the green credentials and contribution to the growth of renewable energy in the UK.
Developing a full and accurate picture of the possible returns on investment is a complex task given the number of variables involved. Such variables include the average mean wind speed of the particular site, energy prices, interest on investment, FITs, grants and interest rates amongst other issues.
Grant funding
Until 2009 the main source of funding has been from the Low Carbon Buildings Programme (LCBP) although the funds are for the most part used up or on the point of being so. More recently funding is being made available to farmers/landowners in England through the Rural Development Programme for England (RDPE). Grant funding for farmers in Wales currently appears to be scarce.
RDPE
Up until the start of 2009 there were frustratingly few grant opportunities for the farming community, who after all own most of the land best suited to wind turbines. In England, the release of money through the RDPE via the Regional Development Agencies (RDAs) has provided an opportunity for farmers to benefit from renewable energy technology. The schemes are however varied, in many cases not fully developed and often difficult to access.
Contact us direct for details of grants that we are aware of in your area.
Finance
Contact us to discuss the options we may be able to offer for either secured or unsecured finance for all or part of the cost of the turbine. Our lenders understand our wind turbines and have developed finance packages for renewables.
Tax
Falling within the category of energy saving technology 100% of the capital expenditure may be written off in year 1 subject to certain criteria. Effective from 6th April 2010 the Annual Investment Allowance was increased from £50,000 to £100,000 per year which for most farming situations means that most if not all the capital cost of a wind turbine project may be offset against profit in year 1.
Householders (not commercial businesses) will receive income derived from renewable energy (FITs and export tariff) exempt from tax.
