Enter the total power generated by the wind turbine per day (kWh), the price of electricity ($/kWh), and the daily cost of the wind turbine ($) into the calculator to determine the Wind Turbine Profit.
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Wind Turbine Profit Formula
The following formula is used to calculate the Wind Turbine Profit.
WTP = (P*EP) - DC
- Where WTP is the Wind Turbine Profit ($/day)
- P is the total power generated by the wind turbine per day (kWh)
- EP is the price of electricity ($/kWh)
- DC is the daily cost of the wind turbine ($)
To calculate the wind turbine profit, multiply the daily power generated by the price of electricity, then subtract the daily cost of the turbine.
How to Calculate Wind Turbine Profit?
The following example problems outline how to calculate Wind Turbine Profit.
Example Problem #1
- First, determine the total power generated by the wind turbine per day (kWh). In this example, the total power generated by the wind turbine per day (kWh) is given as 1500 .
- Next, determine the price of electricity ($/kWh). For this problem, the price of electricity ($/kWh) is given as 1.25 .
- Next, determine the daily cost of the wind turbine ($). In this case, the daily cost of the wind turbine ($) is found to be 300.
- Finally, calculate the Wind Turbine Profit using the formula above:
WTP = (P*EP) – DC
Inserting the values from above yields:
WTP = (1500*1.25) – 300 = 1575 ($/day)
Example Problem #2
The variables needed for this problem are provided below:
total power generated by the wind turbine per day (kWh) = 1600
price of electricity ($/kWh) = .86
daily cost of the wind turbine ($) = 400
Entering these values and solving gives:
WTP = (1600*.86) – 400 = 976 ($/day)
