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Wind turbine article deceiving  

Credit:  The News-Banner | February 1, 2016 | news-banner.com ~~

The wind turbine article in the Tuesday, Jan. 19 edition is deceiving. It talks of saving a school’s energy costs. Let’s look at what the article says.

The wind turbine cost was at least $2.6 million in bonds plus grants. It will save them (using their averages) about $114,000 annually for electricity. At that rate it takes 22.8 years to pay back the $2.6 million in bonds. This is approximately the useful life of the turbine.

But what about the bond interest, the maintenance and insurance? At a 5 percent interest rate over 20 years, the interest cost alone is $1.5 million.

The school may be saving money but the taxpayer whose money is used to provide the grants and repay the bonds certainly are not.


rural Bluffton

Source:  The News-Banner | February 1, 2016 | news-banner.com

This article is the work of the source indicated. Any opinions expressed in it are not necessarily those of National Wind Watch.

The copyright of this article resides with the author or publisher indicated. As part of its noncommercial effort to present the environmental, social, scientific, and economic issues of large-scale wind power development to a global audience seeking such information, National Wind Watch endeavors to observe “fair use” as provided for in section 107 of U.S. Copyright Law and similar “fair dealing” provisions of the copyright laws of other nations. Send requests to excerpt, general inquiries, and comments via e-mail.

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