Blades of wind turbines are commonly made up of composites. Modeling a viscoelastic material like composites using the 2-element Kelvin-Voigt model does not capture the dynamic properties of the material adequately. The simplest viscoelastic material model is the 3-element Zener model, in which the secondary stiffness is added in series with the damping, and the unit is in parallel with the primary stiffness. As far as the authors know, none of the prior works have focused on analytically exploring the influence of the Zener viscoelastic material model in flutter control. In the present study, stiffness operators have been used instead of pitch and plunge stiffness values. The operators contain the effects of stiffness as well as damping terms. The study would help determine the proper composites for the blades to increase the stability limit. The preliminary study has been performed using a material model of aluminium due to the unavailability of material properties of composites. It was found that with an increasing value of the loss factor by 2.5 times, there is an increase in the flutter boundary in the case of the 2-element material model of 4.5%. The flutter speed in the case of the 3-element model was lower than the 2-element model by ~2.3%. Thus, the 2-element model overpredicts the stability of the system. The analytical exploration using parametric material properties of carbon fibers and aeroelastic numerical simulations is the future scope of the present study.