Wind turbines continued to grow in size and power, with the average nameplate capacity of newly installed wind turbines at 3 MW—up 9% from 2020 and 319% since 1998−1999. The combined health, climate, and grid-system benefits of wind are more than 3 times its levelized cost of energy.
A home wind turbine costs $20,000 to $80,000 for a complete wind power system large enough to meet an average home''s full energy demands. The total cost depends on the turbine size, type, capacity, and location. Onshore commercial wind turbines cost $2.5 to $4 million, while offshore turbines cost up to $100+ million.
Lower wind turbine pricing has pushed down installed project costs over the last decade. Wind turbine prices averaged $800–$950 per kilowatt (kW) in 2021. The average installed cost of wind projects in 2021 was $1,500/kW, down more than 40% since the peak in 2010.
The 11th annual Cost of Wind Energy Review, now presented in slide deck format, uses representative utility-scale and distributed wind energy projects to estimate the levelized cost of energy (LCOE) for land-based and offshore wind power plants in the United States.
The Breakdown of Initial Wind Turbine Costs. $2.6 – $4 million per average-sized commercial wind turbine. Typical cost is $1.3 million per megawatt (MW) of electricity-producing capacity. Most commercial wind turbines have a capacity of 2-3 MW, but offshore turbines can be as large as 16-18 MW.
On average, wind turbines cost about $1 million per MW, or around $2 million to $4 million each. Larger offshore wind turbines can cost tens of millions of dollars. The largest wind turbine to date, which has a capacity of 12 MW, costs $400 million to manufacture and install.
The price of a 10kw - 25kw wind turbine will vary depending on the size, where it is to be installed, and how it will be used. The Viking VS, with its variable speed, can deliver anything between 10 - 25kw and is therefore a good flexible choice for the price.
Average commercial wind turbines with a 2MW capacity would cost between $2,6 million to $4million or around $1,3 million per MW. Small domestic turbines would cost between $3000 -$8000 per kilowatt of generated wind capacity, excluding the installation costs. We need to consider the following when looking at the cost of wind turbines:
Wind turbines under 100 kilowatts cost roughly $3,000 to $8,000 per kilowatt of capacity. A 10 kilowatt machine (the size needed to power a large home) might have an installed cost of $50,000-$80,000 (or more). Wind turbines have significant economies of scale.
According to the American Wind Energy Association (AWEA), small wind turbines cost between $3,000 to $5,000 for every kilowatt of power capacity. However, the cost of installing a small wind turbine can vary depending on the size of the system, the height of the tower, and the equipment you buy.