Economic evaluation of wind energy investment in Texas

Chang B., Starcher K., Aktaş C. B., Chen G., Egilmez G.

67th Annual Conference and Expo of the Institute of Industrial Engineers 2017, Pennsylvania, United States Of America, 20 - 23 May 2017, pp.1601-1606 identifier

  • Publication Type: Conference Paper / Full Text
  • City: Pennsylvania
  • Country: United States Of America
  • Page Numbers: pp.1601-1606
  • Keywords: Economic evaluation, Feasibility study, Renewable energy, Wind energy
  • TED University Affiliated: No


The primary objective of the project is to evaluate the benefits of wind energy and determine economical investment sites for wind energy in Panhandle Texas through calculating payback periods based on quantified actual electricity generation. A 50 kW wind turbine system was used to collect field data. Data analysis enabled yearly energy production and payback period calculations of the two systems. The average payback period of a wind system was calculated to be 13 years. An important novelty brought forward by this study would be the ease of repeating the presented methodology to conduct similar studies for other states in the U.S., or even for other countries as long as fundamental data is present.