Green Energy is on the Rise

It appears that the global economy is in a serious decline and numerous businesses were forced to close their doors because they failed to achieve performance. Prices for such everyday essentials as energy and petrol bills are constantly mounting up. The main difficulty is the declining income of businesses and the stagnating income of most individuals. This means that businesses and individuals are facing greater difficulties than before. Naturally, expenses can be cut back ensuring that people stretch their income only as far as possible. Petrol needed for cars is something that can’t really be changed, until electric vehicles are not mass produced. Thus, petrol is a cost that currently can’t be significantly changed.

When the economy is going through some rough times, businesses need to get smarter as far as energy bills concern. Electricity and gas are typically obtained from non-renewable energy resources. These resources are not endless and will ultimately run out, thus their price is steadily increasing. Consumers however, have a way out: green energy.

Green energy is also energy, having the same quality as conventional power, but is generated from renewable energy resources. Basically, it means that you can generate your own gas and electricity and not paying your local suppliers for them. Green power is generally obtained from the sun or wind.

Solar Panels

The truth is, solar panels cost a great deal of money. A typical household will cost roughly $28,000 to be equipped with, in case the owners want their entire electricity supply to be green. Undoubtedly, is a big investment which most consumers can’t make. The electricity supply of a typical household costs about $2,800 per year. Thus, when analyzing the investment compared to the reward, there is only a 10% return per year on the investment. These figures are calculated on an average household, so businesses have a lot more to gain from it. Additionally, business owners are aware that a 10% return on their investment is a very good one, particularly with the current state of the economy.

It is estimated that over the next years solar panels are going to be a global phenomenon. Because of the sophisticated build process needed for solar panels, the cost for the manufacturer is high. As during the manufacturing process, manufacturers achieve a very low success rate, this also adds to the overall cost. In time, more simple and cost-effective processes will be developed and major economies will be obtained. As a general rule, the more people purchase solar panels, the more affordable they will become. The main problem is obtaining that the first switch over.

Wind Power

Solar panels are probably more popular than wind power. As wind turbines can be considered an unattractive modification to a property, they are not in very high demand. Due to the amount of electricity that can potentially produce, it is probable that Government worldwide will invest cash from tax payers to make sure that sufficient wind farms are available to supply power to commercial and residential units. The power generated by solar panels and wind turbines will be available non-stop and be very cheap for consumers!

Why choose solar power?

They are not many and far between, but several solar power companies are available, offering acceptable pricing. Additionally, your commercial or residential units will not pollute the environment by not emitting any CO2 emissions. Eventually, solar power will become very cheap.

However, if you have enough available cash, it would definitely be an excellent idea to invest in your very own solar power technology. It is indeed, a major upfront investment, but you will be gaining a lot in the following years. Numerous plans are available on the internet, allowing people to build their own solar panels. Thus, you don’t have to spend $28,000 to buy solar and wind panels from manufacturers, as you can get them much cheaper. Naturally, there are special tools you need to use and DIY experience is vital, but it is possible for solar power to be generated for as cheap as $500!

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