Small wind heading into boom period, report says

The small wind industry is about to enter a major growth spurt. It is poised to grow from a $255 million industry in 2010 to $634 million industry in 2015, according to a recent Pike Research report. The report attributes a growing interest and expected success in the coming years to the fact that small wind is currently more efficient and, therefore, cheaper on a cost-per-watt basis than solar photovoltaic cells. Because the return on investment can take as little as 5 years to 10 years, depending on area wind conditions, it offers an accessible option to small businesses, farms, and communities even in the absence of state or federal incentives, according to the report. But perhaps the most interesting statistic thrown out there by Pike Research is that it expects the average price of a small wind turbine system to reach $4,150 per kilowatt by 2015.

Comments (0)

This post does not have any comments. Be the first to leave a comment below.


Post A Comment

You must be logged in before you can post a comment. Login now.

Featured Product

Tile Replacement Mount from Quick Mount PV

Tile Replacement Mount from Quick Mount PV

The Tile Replacement Mount provides a fast and easy way to install solar on tile roofs while protecting against water intrusion. Simply remove the tile and replace it with the Tile Replacement Mount. Works with all standard curved and flat tile roofs, and all standard rail-based racking systems. Flashed at both the deck and top levels, the mount is fully engineered to meet code requirements and industry best practices. The Tile Replacement Mount features Quick Mount PV's patented Elevated Water Seal technology for optimal waterproofing. Get a free sample and see for yourself!