WIND.
Learn about the benefits and applications of wind & turbine-based energy in our rapidly changing world.
Wind Energy
What is exactly is wind energy?
Wind energy involved harnessing the naturally flowing wind in Earth's atmosphere to generate substantIal amounts of electricity. It has been used by humans for millennia, and in the modern world it has proven to continue to be of great use. As one of the most common forms of renewable energy, see how your community can harness wind's power via methods such as turbines to make an impact in the fight against climate chage, as well as enjoy the financial and economic benefits it brings.
Benefits of Wind
Why should you go turbine?
Cost Effectiveness
Job Creation
Renewability
Pricing and Tax
Yeah, it's expensive.
Wind turbines can be expensive to produce, with the harvesting of materials needed for them like steel and fiberglass and mining for certain minerals required being very costly. Still, there are financial benefits and incentive programs that can make this costly investment a bit more manageable.
- Inflation Reduction Act: The Inflation Reduction Act, becoming law on August 16, 2022, increases investment and production tax credits through 2024 for wind energy project that began prior to 2025. After 2025, they will be replaced and ultimately phased out. Projects must meet apprenticeship and prevailing wage requirements, but facilities under 1 megawatt are exempt. Bonus credits are also available. To learn about specific requirements and bonuses, look here
- The Production Tax credit (PTC) is a production-based tax credit available to various renewable energy sources, including wind, made to help renewable energy sources compete with the incentives given to other traditional energy sources. The Investment Tax Credit (ITC) provides a credit for investment costs at the start of a project, like the production of wind turbines. Learn more about the PTC and ITC here
- Accelerated Depreciation, enacted through the Modified Accelerated Cost-Recovery System (MACRS) allows wind project owners to depreciate most capital costs on a 5-year schedule. This can help reduce the financial leap and subsequent burden taken by project developers.
- The Department of Agriculture provides farmers and ranchers with loans and grants for renewable energy development projects, including wind, through its Rural Energy for America Program (REAP). Entities such as state and local governments, as well as education institutions, are eligible for REAP incentives.