Formula:
Annual Energy Offset = Wind Power Capacity × Operational Efficiency × Hours in a Year
Description:
Calculates the annual energy produced by the wind installation based on capacity and efficiency.
Example:
500 kW × 0.30 × 8760 hours = 1,314,000 kWh
Formula:
Annual Cost Savings = Annual Energy Offset × Electricity Cost per kWh
Description:
Shows the annual savings by replacing grid electricity with wind energy.
Example:
1,314,000 kWh × 0.10 = $131,400
Formula:
CO₂ Reduction = Annual Energy Offset × Carbon Emission Factor
Description:
Calculates the CO₂ emissions saved by using wind energy instead of conventional energy.
Example:
1,314,000 kWh × 0.00045 = 591.3 tons CO₂
Formula:
ROI = ((Annual Cost Savings - Annual Maintenance Cost) / Initial Investment Cost) × 100
Description:
Calculates the annual percentage return on the wind power investment.
Example:
((131,400 - 10,000) / 500,000) × 100 = 24.28%
Formula:
Payback Period = Initial Investment Cost / (Annual Cost Savings - Annual Maintenance Cost)
Description:
Shows how long it will take to recover the initial investment in wind power.
Example:
500,000 / (131,400 - 10,000) = 4.21 years