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Turbine a poor investment
Credit: GateHouse News Service, www.sj-r.com 15 March 2011 ~~
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Translate: FROM English | TO English
What is going on in the minds of the park board members?
The board approved $100,000 for the purchase and installation of the wind turbine at Southwind Park. Another $50,000 was paid by grants, I assume from the federal government. That’s $150,000 spent and we are told that by doing so we will save $1,350 each year in electrical costs.
That is the dumbest investment I have ever encountered. It would take 111 years to break even and that is with no maintenance costs.
We have a power plant at CWLP that has more generating capacity than it can possibly sell. Why not use it and the money stays in Springfield?
If the $150,000 were invested in an interest-bearing account at .0325 percent, we would generate $4,875 per year – 31/2 times the proposed savings with the turbine. This may make some of the green advocates feel all warm and fuzzy inside, but I just think that our park board needs a new calculator!
Jim Doyle
Springfield
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