Wednesday, September 15, 2010
So, Where’s the Answer?
Two related, yet not related, stories popped up in my local papers today. The theme of both is the same; harnessing the wind to produce electricity. One is a story about big money, the other about not so big money. One is about pumping money into the pockets of people we’ll never know—for who knows how long. The other, about pumping electricity back into the grid—now—on a manageable budget.
First, about the fat cats who need lots of food. According to a story in this morning’s Cleveland Plain Dealer, a new industry is about to launch here. The Lake Erie Energy Development Corp., was formed a year ago to seek developers for a wind turbine project off the shores of Cleveland. Today, they announced three major players have been signed up, headed by the Bechtel Development Company of San Francisco. These are the same folks that brought us Hoover Dam, the Chunnel and thousands of other major projects. They, and their partners, will build five turbines for a demonstration project, seven miles off shore at an estimated cost of $100 million.
Stay tuned. The above story will take a while to develop. The other story is about what’s happening now. That story appeared in my local paper, The News Leader, here in Sagamore HIlls. It’s about a local dentist who has installed two vertical wind turbines at his office to generate electricity, at a cost of about $15,000 for each. I saw these turbines a day or so after they were installed and first thought they were art work.
The 30-foot-tall vertical axis turbines will produce about 2,500 kilowatt hours per year in an average 12 mph wind. This equates to around a quarter of the average energy needs of a residential home.
According to the news story, Dr. Davidson figures that wind generated electricity will cover about 10 percent of his energy needs. But here’s the cool part, Ohio, like many states, has what’s called net metering. That means, if you are producing enough energy to reverse your meter, the energy companies credit your account. You’re essentially selling electricity back to the company when you’re on vacation, for example. Bundle that with a federal 30% tax credit and state rebate incentives and you recoup the cost of your wind turbine in about five years, according to IC Green Energy, Vermilion, Ohio, the producer of these vertical axis turbines (wwwicgreenenergyofohio.com). The company can install a complete system in five or six hours.
I know, not everyone can have a 30-foot-tall wind turbine in their front yard. Many people can, however, and they can also be pumping electricity back into the grid for the rest of us.
So what’s the answer? On one hand, we have a mega-cost project that will bring mega-watts of power, and hopefully mega-jobs to our area. On the other, we have a family-owned business, already producing machines that can help the average home owner cut energy costs—and with a good looking machine at that. As Bob Dylan pointed out nearly 50 years ago, the answer, my friends, to this and so many other problems, is blowin’ in the wind.
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