subject: Wind Energy Costs: 3 Reasons They Are Heading Lower Soon [print this page] Wind energy costs are high now, but they are heading lower soon. As this industry starts to become popular, the costs of production of these devices are heading lower. As power prices rise, more and more people will be spending their time researching ways to cut the cost out of wind power proliferation.
It is a given that these power prices will go up as well. Fossil fuels are finite entities and ones we therefore know will one day run out. The longer we use them, and as former Third World countries adopt fossil fuels and drive their economy with them, the more the trend towards depletion will accelerate. These are the 3 reasons it is clear wind energy costs are heading down very soon...
Urban deployment of wind turbine kits - Up until now, most wind turbines have been used by rural folks. The real potential of wind turbines - especially vertical axis wind turbines - is deployment of the devices on the roofs of city-dwellers though. When this happens, there will be a massive rollout of wind energy devices that will drive prices and wind energy costs down commensurately.
Plug and play capability - Right now, installing a wind turbine is a hassle. You have to know which kit to buy and then install it yourself in just the right place. When manufacturers make the leap to plug and play, like the computer industry has done, to devices that can truly be just plugged in, so to speak, without the lengthy setup.
Economies of production scale - This will make wind devices cheaper and allow manufactures to have more confidence that consumer demand will yield greater sales. The belief that they will sell more will lead to the wind turbine manufacturers buying their components in greater quantities at lower prices. This level of confidence is what bolsters every consumer market and makes the United States and the world economy really function correctly.
In summary, there are a number of factors that will be driving wind energy costs down very soon. As soon as more momentum builds for acceptance of wind turbine kits, the dominoes will start to fall and prices will tumble. There is no question about it-once wind energy gets rolled out to the masses the prices will drop dramatically and even more people will get involved in using wind power at their homes. This is what we're really waiting for and what the government can have such a tremendous role in when offering rebates and incentives to get people started along the path.
