Summary The dynamic response of a wind turbine on monopile is studied under horizontal and vertical earthquake excitations. The analyses are carried out using the finite element program SAP2000. The finite element model of the structure is verified against the results of shake table tests, and the earthquake response of the soil model is verified against analytical solutions of the steady‐state response of homogeneous strata. The focus of the analyses in this paper is the vertical earthquake response of wind turbines including the soil‐structure interaction effects. The analyses are carried out for both a non‐homogeneous stratum and a deep soil using the three‐step method. In addition, a procedure is implemented which allows one to perform coupled soil‐structure interaction analyses by properly tuning the damping in the tower structure. The analyses show amplification of the ground surface acceleration to the top of the tower by a factor of two. These accelerations are capable of causing damage in the turbine and the tower structure, or malfunctioning of the turbine after the earthquake; therefore, vertical earthquake excitation is considered a potential critical loading in design of wind turbines even in low‐to‐moderate seismic areas. Copyright © 2015 John Wiley & Sons, Ltd.