FROM NEWS

Wind Energy Prices Decreasing

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Now that the world as become more conscious of humanity’s negative impact on the environment, methods to alleviate the need for fossil fuels are being researched and adopted. One of the biggest, yet often overlooked, energy alternatives is wind energy.

Wind energy has been kind of under the radar in recent years, which has aided in the decline of cost associated with it. That has slowly started to change, and as with any cycle it operates on a bell curve. The cost of wind energy just cannot bottom out any further, and will eventually begin to rise on the other side of the curve. Now is a great time to adopt this technology if you are in the market for an energy alternative.

Another factor lowering wind energy costs is recent developments in turbine technologies. With the new technology working in tandem with the fact that wind technology requires zero fuel costs, companies can sign long-term contracts to establish and lock in a wonderful fossil fuel alternative. These contracts, known as power purchase agreements, usually run 20-30 years. This is great news for  consumer looking for a consistent great rate and the ability to allocate finances into different business areas. Another added benefit to wind energy is that systems with power derived from wind generally last 20 years longer than traditional systems.

For more questions about wind energy as a viable alternative to your existing power source, engage an expert at MaintenX. MaintenX has the expertise to assess your situation and determine a plan of action.