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Economic analysis of small wind-energy conversion systems

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  • Haack, Barry N.

Abstract

The financial costs of obtaining electricity from small wind-energy conversion systems are calculated and compared with the cost of electricity from traditional utility companies. A 3 kW rated wind electric system for residential use is examined. The amount of energy from this system is estimated by using a computer-operated simulation model which incorporates wind speeds, residential electricity demands and parameters from the generator, inverter and storage components. Variations in electricity costs as a function of available wind energy, residential consumption patterns and system components and costs are examined. The cost of electricity from small wind-energy conversion systems has considerable variations under differing assumptions or parameters but may, in some cases, be competitive with utility company costs.

Suggested Citation

  • Haack, Barry N., 1982. "Economic analysis of small wind-energy conversion systems," Applied Energy, Elsevier, vol. 11(1), pages 51-60, May.
  • Handle: RePEc:eee:appene:v:11:y:1982:i:1:p:51-60
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    Cited by:

    1. Jebaraj, S. & Iniyan, S., 2006. "A review of energy models," Renewable and Sustainable Energy Reviews, Elsevier, vol. 10(4), pages 281-311, August.
    2. Lu, Ze-Yu & Li, Wen-Hua & Xie, Bai-Chen & Shang, Li-Feng, 2015. "Study on China’s wind power development path—Based on the target for 2030," Renewable and Sustainable Energy Reviews, Elsevier, vol. 51(C), pages 197-208.
    3. Joselin Herbert, G.M. & Iniyan, S. & Sreevalsan, E. & Rajapandian, S., 2007. "A review of wind energy technologies," Renewable and Sustainable Energy Reviews, Elsevier, vol. 11(6), pages 1117-1145, August.

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