One of the most interesting stories to come out of the first WIndiana wind conference this week was the story of theTime Factorywind turbine installation in an industrial park on the northwest side of Indianapolis.
Owner Jim Purcell recounted three-year project and his struggle getting zoning approval for the 50kWEntegrity wind turbinethat stands 125 feet above his 22,000 square-foot calendar publishing factory. He also explained his business case for the wind turbine, which was compelling.
Utilizing the Economic Stimulus Act of 2008, which allows a 100% depreciation of wind systems in one year, a $25,000 grant from the Indiana Office of Energy and Defense and a $5000 grant from Indianapolis Power and Light, Purcell is anticipating a 7-year payback on his $170,000 investment in clean energy. In Purcell's words, "this is a no-brainer." Thanks in part to his pathfinding, at least four more of these "small wind" systems are in the works in the Indianapolis area.