Inflation and increasing dependency on electricity is lowering purchasing power, and putting a huge dent on the monthly budget. While use of electrical appliances cannot be completely avoided and alternative to electricity can be used to power all of these machines. Using renewable energy to substitute electricity is a great way to cut expense. To make the most out of this option, talk to a financial advisor specialized in renewable energy projects.
Solar power is many people’s choice of renewable energy. In addition to its many benefits, it is eco-friendly and cost-effective. This very popular substitute to fossil fuel generated electricity is a non-polluting source of renewable energy. All over the globe, thousands of families have decided to use this form of energy.
Many people are demotivated to make this switch because it entails a high installation cost. While this green choice comes as a high initial price, there are various ways to make the process easier.
You can follow a few simple things and use residential solar power. 3 best advices to do this are:
- Monitor and reduce your electricity usage
- Find out about associated tax incentives and rebates
- Build panels and install your own solar power system
Monitor and Reduce Usage
One of the first things you should do is conserve electricity. Start noting how much electricity you use up regularly and reduce where possible. Make green choices. If you cook food and heat water using electricity you can switch to propane-powered products. Natural gas is also a great option. By replace the incandescent light bulbs with new CFL bulbs, you can simply reduce usage by as much as 75%. If you use less power during the day, you have to generate less with solar power system when you switch.
Find Out About Tax Incentives and Rebates
Governments from around the world offer tax rebates and incentives to encourage use of renewable energy. Find out what the federal government and your state’s policies are. There are various utility companies that offer incentive programs to help lower the cost of going green. Your financial advisor will be able to give you an overview of offers that are available in the state you reside in.
Build Panels and Install Own Solar Power System
Considering cost of device purchase and installation, it is best recommended to build and install your own system. The solar powered systems require more than 10 panels to produce electricity to support your power consumption. For most families, less than 10 panels cannot replace existing utility company. These panels are what costs the most – around $800 per panel.
This is why some homeowners choose to construct own solar panels. It costs only around $200. Therefore, this option can help you save more than $6000. Even though the idea of building own solar panel seems impossible, it is actually quite doable. You can look at DIY project on the Internet and learn how to make them.
This DIY project only requires some basic carpentry and electrical skills. These are skill that you learn easily. To construct own panels, you need a basic tool set and only a few specialty items. Follow a complete and detailed set of instructions. It is important to choose a construction guide very carefully. Most often, hobbyists, not alternative energy experts, compile these.
The quality of your plan is the most important factor in this case. A wide range of companies offers DIY instructions for homemade solar panels.
Following all 3 of these steps can significantly reduce the expense of shifting to solar power system.