An electrical system for a wind turbine having a reduced uptower footprint and method for achieving the same are provided. Accordingly, the electrical system includes a plurality of electrical subsystems having a plurality of electrical subsystem assemblies. At least one electrical subsystem assembly is integrated with the generator housing. Additionally, the electrical subsystem assembly is coupled between the stator or the rotor of the generator and the generator output connection. The electrical system incorporating the electrical subsystem assembly with the generator housing has a reduced uptower footprint relative to a nominal design of an electrical system.