laid out in plain english……..

The economics go like this: A renewable energy grant from the Massachusetts Technology Collaborative for $582,000 helped offset the $3,900,000 installed cost of the turbine. During periods when the mountain doesn’t need the electricity, power is sold back to the power company. The Wall Street Journal explains:

Jiminy estimates it will earn an additional $161,000 annually from selling power in the spot market through National Grid PLC, a London-based utility with operations in the Northeast, and will receive $46,000 yearly production tax credits. In addition, the resort expects to write off the cost of the turbine… within five to six years……….