Hydro-electricity and geothermal electricity produced at favourable sites are now the cheapest way to generate electricity. Renewable energy costs continue to drop, and the levelised cost of electricity (LCOE) is declining for wind power, solar photovoltaic (PV), concentrated solar power (CSP) and some biomass technologies.[100] Renewable energy is also the most economic solution for new grid-connected capacity in areas with good resources. As the cost of renewable power falls, the scope of economically viable applications increases. Renewable technologies are now often the most economic solution for new generating capacity. Where "oil-fired generation is the predominant power generation source (e.g. on islands, off-grid and in some countries) a lower-cost renewable solution almost always exists today".[100] A series of studies by the US National Renewable Energy Laboratory modeled the "grid in the Western US under a number of different scenarios where intermittent renewables accounted for 33 percent of the total power." In the models, inefficiencies in cycling the fossil fuel plants to compensate for the variation in solar and wind energy resulted in an additional cost of "between $0.47 and $1.28 to each MegaWatt hour generated"; however, the savings in the cost of the fuels saved "adds up to $7 billion, meaning the added costs are, at most, two percent of the savings."[101]
Another situation where a small wind turbine can make good sense is in case your province, state, or country has rebates or other incentives that make it cheap to install one (just keep ongoing maintenance and repair cost in mind as well). While we would like to advocate responsible spending of government money, the small wind industry needs many more customers to mature. It takes time and installation numbers for manufacturers to work out the bugs, make better turbines, and make them cheaper.
Solar energy, radiant light and heat from the sun, is harnessed using a range of ever-evolving technologies such as solar heating, photovoltaics, concentrated solar power (CSP), concentrator photovoltaics (CPV), solar architecture and artificial photosynthesis.[49][50] Solar technologies are broadly characterized as either passive solar or active solar depending on the way they capture, convert and distribute solar energy. Passive solar techniques include orienting a building to the Sun, selecting materials with favorable thermal mass or light dispersing properties, and designing spaces that naturally circulate air. Active solar technologies encompass solar thermal energy, using solar collectors for heating, and solar power, converting sunlight into electricity either directly using photovoltaics (PV), or indirectly using concentrated solar power (CSP).
I mounted this turbine in my back yard on the recommended schedule 40 galvanized pipe at about 20' high. My location does not get consistent wind from one direction which is the only way this turbine will spin. Even in gusty conditions of 15-20 mph the turbine rarely spins more than a few revolutions and has not produced any measurable power after a month. If you don't have a steady wind from one direction this turbine will not produce any power at all. You would be better off with a vertical turbine or one with larger blade surface area. The specs say 8 mph start up, that means a consistent 8 mph wind from a single direction. For the money you would be better off with a single 80 watt solar panel.
Projections vary. The EIA has predicted that almost two thirds of net additions to power capacity will come from renewables by 2020 due to the combined policy benefits of local pollution, decarbonisation and energy diversification. Some studies have set out roadmaps to power 100% of the world’s energy with wind, hydroelectric and solar by the year 2030.
Wind energy research dates back several decades to the 1970s when NASA developed an analytical model to predict wind turbine power generation during high winds.[136] Today, both Sandia National Laboratories and National Renewable Energy Laboratory have programs dedicated to wind research. Sandia’s laboratory focuses on the advancement of materials, aerodynamics, and sensors.[137] The NREL wind projects are centered on improving wind plant power production, reducing their capital costs, and making wind energy more cost effective overall.[138] The Field Laboratory for Optimized Wind Energy (FLOWE) at Caltech was established to research renewable approaches to wind energy farming technology practices that have the potential to reduce the cost, size, and environmental impact of wind energy production.[139] The president of Sky WindPower Corporation thinks that wind turbines will be able to produce electricity at a cent/kWh at an average which in comparison to coal-generated electricity is a fractional of the cost.[140]
The tables above are for HAWTs, the regular horizontal “wind mill” type we are all familiar with. For VAWTs the tables can be used as well, but you have to convert their dimensions. Calculate the frontal area (swept area) of the VAWT by multiplying height and width, or for a curved egg-beater approximate the area. Now convert the surface area to a diameter, as if it were a circle: Diameter = √(4 • Area / Pi). That will give you a diameter for the table. Look up the energy production for that diameter and your average annual wind speed and do the following:

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A solar cell, or photovoltaic cell (PV), is a device that converts light into electric current using the photovoltaic effect. The first solar cell was constructed by Charles Fritts in the 1880s.[5] The German industrialist Ernst Werner von Siemens was among those who recognized the importance of this discovery.[6] In 1931, the German engineer Bruno Lange developed a photo cell using silver selenide in place of copper oxide,[7] although the prototype selenium cells converted less than 1% of incident light into electricity. Following the work of Russell Ohl in the 1940s, researchers Gerald Pearson, Calvin Fuller and Daryl Chapin created the silicon solar cell in 1954.[8] These early solar cells cost 286 USD/watt and reached efficiencies of 4.5–6%.[9]