The Economic Effect of Solar Energy

concentrated solar power tower
Concentrated Solar Power Tower | Image by WikiPedia

In examining the environmental impacts of solar energy, it is impossible not to also take into account the economic impact of solar energy, which is exactly what we do in this article.

Let’s Get The Facts Straight

Unfortunately, there are many misconceptions and misinformation about solar energy and the costs associated with the purchase of a solar electric system . That’s not to say this is a small business or investment because it does not – far from it; the purchase of a photovoltaic (PV) system could be one of the most important purchases you make.

But, you might want to look at this not so much as a “purchase”, but more as an “investment”, an investment that will not only increase your personal value, but is also an investment in the future, you own and that of the planet. If you decide to purchase a PV system will add to the value of your home and increase the re-sale value should you decide to sell at some point in the future.

While an average size PV system cost around $ 20-30,000 on the market today, the initial cost of the system can be compensated in different ways:

– reduce your electricity consumption to the absolute minimum (set your thermostat a few degrees lower in the winter, and a few more in the summer, swap incandescent bulbs for CFLs (compact fluorescent bulbs) unplug TVs, DVD players and other causes of phantom loads that electricity. even when turned off, consume etc.)

– take advantage of local, state and federal tax rebates and incentives. These can amount to as much as 30 percent of the cost of a new system

– solar panels are modular, so you can always start with a smaller system that can meet some of your electrical needs, if not all. You can always add more panels as your budget and circumstances require

When help you live on the grid, a solar electric system can reduce your electricity bill immediately, and, on average, will system pay for itself in 7-10 year savings on your electricity bill (and that’s not even taking into account future increases in the cost of electricity, so that’s actually a very conservative estimate).

If you take into account the fact that a solar panel life of up to 25 years, which would mean 18 years of free electricity. Imagine receiving electricity bills showing zero dollars and zero cents and what you could do with all that extra money that is now finding its way into your wallet as opposed to the growing treasury of the local utility.

Solar Energy has a positive effect

Not only can have a solar energy system a positive effect on your household or business economics, but also affect the environment a positive way.

There are no moving parts involved (unless it contained a tracking system, but even that is powered by the sun!), And no emissions, such as solar panels use the sun’s rays to produce electricity via semi conductors.

Compare that with traditional (read local utility) methods for the production of electricity, which is almost completely dependent on fossil fuels, creating pollution and environmental damage. There is only a finite supply of fossil fuels, while the sun is abundant, renewable, and no signs of drying up anytime soon.

Thus, solar power can not only have a positive effect not only on household economies, but also world economies, but also positive effects on the environment in which to enjoy it intact for future generations of it.

Source: by Ray Boreham


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