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Solar Costs - Solar VS Your Electricity Bill

Solar Costs - Solar VS Your Electricity Bill


By
Robert Farbe

Developing solar is vital to you. If you are thinking of putting solar on your home, plan ahead. Most people consider a small system like a 3 kilowatt or kw. On average, it would take you five years to pay it off. Some states are giving tax credits. These tax credits can reduce your costs substantially.

For example, look at your utility bill. Take your electric bill of $250.00 per month and multiply that by 12 months. That would give you $3000.00 per year. In two years, you will have spent $6000.00. In five years you will have spent $12,000.00. If you take that money and put it toward a solar system, you might have paid for it within that time frame. A 3 kw system runs about $25,000.00. This system will not run your whole house but is a great starter system.

If you live in Louisiana, that state is offering a 50% tax credit up to $25,000.00. So that same 3 kw system for $25,000.00 has now been reduced to $12,500.00. Depending on your tax bill and your existing electric bill, you could pay for this solar system in five years. There are also federal tax credits up to $2000.00 available from the U.S. government. Recently, the senate voted not to renew those federal tax credits.

Has you electric bill ever gone down? Remember what your average bill is right now. In the example above, the electric bill said the same. In actually, my electric bill has gone up an average of 12% a year. Your electric bill will always increase. It will never stay the same. In 25 years, you will have paid $75,000.00.

If you put a solar system in place and it takes you 5 years to pay for it, you can say you have a stable electric bill for the next 20 years after that. A solar system will pay you back. After the initial costs of the system, you will lower your electric bills and your carbon footprint.

If you think solar is expensive now, think again. Think of what your fuel will be in years to come.

I would like to invite you to sign up for a free newsletter that would give helpful hints to you as a homeowner. Please visit us and sign up for our free newsletter at http://www.farbeselectric.com

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Home Wind Power

 

Wind energy is a plentiful, renewable and clean source of power that can be used in a large range of applications from wind farms through to home wind power. In residential applications a wind turbine, which is installed on top of a tall tower, collects kinetic energy from the wind and converts it to electricity that is compatible with a home’s electrical system.

As wind energy is governed by nature as wind speeds increase, turbine output increases and the amount of power purchased from the utility is proportionately decreased. When the turbine produces more power than the house needs, the extra electricity is sold to the utility. All of this is done automatically. There are no batteries in a modern residential wind system.

Small wind generation systems with capacities of 100 kW or less are usually used to power farms, homes, and small businesses. Remote communities that would otherwise rely on diesel generators may use wind turbines to replace diesel fuel consumption. Home owners purchase residential wind generators to reduce or eliminate their electricity bills, or simply to generate their own clean power.

Wind turbines have been used for household electricity generation in conjunction with battery storage over many decades in remote areas as a reliable source or residential wind power. Increasingly, U.S. consumers are choosing to purchase grid-connected turbines in the 1 to 10 kilowatt range to power their whole homes. Residential wind turbines of more than 1 kW are now functioning in several countries, and in every state in the U.S.

In the United States, wind power receives a tax credit for each kilowatt-hour produced; at 1.9 cents per kilowatt-hour in 2006, the credit has a yearly inflationary adjustment. Another tax benefit is accelerated depreciation. Many American states also provide incentives, such as exemption from property tax, mandated purchases, and additional markets for "green credits." Countries such as Canada and Germany also provide incentives for wind turbine construction, such as tax credits or minimum purchase prices for wind generation, with assured grid access (sometimes referred to as feed-in tariffs). These feed-in tariffs are typically set well above average electricity prices.

If you want more information on home wind power please visit our site http://www.residential-wind-power.com

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