There’s no magic speed above which you should start looking at aero. If you have any forward movement of the bike, think about optimizing your aerodynamics. Body position will have the biggest impact, and it should address all of the other aero variables. There also is a hierarchy of return on aero investment, if you need to parse out your spending over time. Focus on your position ** and decide to upgrade when you have the funds and if you want further optimization. Even the slowest back of the pack rider will benefit from aero considerations–and the slower you are, the more time gains you’ll realize.** Have a lot of watts helps mitigate a whole bucketful of aero sins; if you don’t have the watts, by all means work to increase them, but don’t discount positional and equipment changes that will help you use what you have more effectively.
Nope, no special speed threshold for aero.
And most aero stuff looks really, really silly. But then, I started racing in the early eighties, when standards for aero were very different than today. Embrace the silliness–at least you’ll be off the course sooner 
thread should have ended here.
I remember reading (in reference to general road cycling), **that aero gains start really showing at 12 mph. **Not that they weren’t present before. I also believe that aero drag reduction really starts exponentially growing at 22 mph wind velocity. So there are some “numbers”, but it’s not like they are entry points to make it worth getting aero equipment. Just some generic points on a curve where things start to stand out. (Note, riding 18 mph into a 7 mph headwind is the same drag as a 25 mph speed in stagnant air)
it’s not exponential as it’s actually a cubic relationship btwn speed and watts to overcome aero drag at that speed.
22mph just happens to be a speed at which many could maintain for long durations (at least an hour), but the tipping point occurs long before 22mph. Even at 17mph, the difference btwn quite damn aero (CdA of 0.20) and relatively aero (CdA of 0.25) is about 15 watts. The reason why people often quote speed in the 20s is because that’s where the additional mph because increasingly difficult to obtain as you’d need about 15% increase in power for that additional mph, which is quite hard if you need to ride at threshold just to maintain speed in the low or mid 20s.
the 12mph is often quoted as that’s the speed at which watts to move the additional mass of the aero equipment against gravity is offset by the aero gain.
In terms of what one should do to get aero, i’d throw in good clothing in the list long before race wheels. Race wheels are really more form than they are function when one analyze benefit and cost.