How much money does a wind turbine make a year?

Each 1.5- or 3-MW turbine earns an annual royalty payment of $5,000 and $8,000, he says. The wind companies pay property taxes on the commercial facility, but not on the leased land. Most wind-power leases today provide for similar royalties based on revenue, Ferrell says — typically 3-5% of gross earnings.

How do you get paid if you lease a wind turbine?

There are quite a few ways to be paid when you lease your land for wind turbines. Across the country, deal terms vary. Landowners can be paid per acre, per turbine, and with royalties.

How much does a wind lease cost?

If the wind lease pays on a per-turbine basis, the size of the turbine generally determines the wind lease payment amounts, and how many megawatts of energy each turbine produces. $5,000-$8,000 per megawatt is generally typical. Wind leases that pay per turbine plus royalties are very common.

Does a wind lease pay royalties?

However, the royalty payments also can be higher than a fixed annual rental payment. Wind leases that pay royalties typically have a guaranteed annual payment (regardless of the performance of the turbines), also referred to as a minimum payment. What is a Power Purchase Agreement?

How much money does the federal government spend on wind power?

There are other federal subsidies that go to wind power, including about $24 million for research and development in 2016, per the Energy Information Administration. But as a University of Texas at Austin Energy Institute analysis found, the vast majority of federal investment in wind stems from the PTC.

Do wind companies pay property taxes?

The wind companies pay property taxes on the commercial facility, but not on the leased land. Most wind-power leases today provide for similar royalties based on revenue, Ferrell says — typically 3-5% of gross earnings. The contract should clearly spell out how your payment will be calculated.