What The Government Will Give You For Implementing Solar In Home
If you are constantly plagued by the high cost of electrical consumption every month then it is time to find other ways to generate and supply electricity to the residence. Based on the tenets of economics on the law of supply and demand, electricity is expected to increase due to the diminishing oil reserves, which then makes electricity a precious commodity. You might be baffled by the first statement on generating your own electricity, leading you to conclude the need to start your own electrical company.
Actually, finding an alternative source of electricity is quite easy nowadays, thanks to the ingenious technology of solar in home. This refers to having solar panels installed in the home usually in your roof shingles to harvest radiant energy from the sun. The harvested energy is then used to power your home appliance through its conversion to direct current then alternating current.
Having an alternative power source in the home will mean big savings on the electrical bill. For instance, a solar water heating system costing about 5,000 dollars will enable you to save between 50 to 100 percent of your electricity. The cost of having a sun-powered system installed can be more than your usual cost, but not to worry because in 3 years, you will be able to recoup your investment from the electricity savings.
More so if you have solar in home is the number of government financing, subsidies, and incentives given to those who are "environmentally concerned" enough to invest in the technology. Among the first known government incentives given to promote use of green energy in residences was done in Japan. The milestones of Japan's program were the reduction in the cost of home solar powered systems by 72 percent as well as the improvement in power distribution.
Today, many countries have followed such feat. Under the Energy Efficient Mortgage (MEM) of the United States, for example, a homeowner can obtain financing for improving the efficiency of one's residence power system. Another is the so-called Residential Energy Conservation Subsidy Exclusion. In this federal program, homeowners can claim tax deductions for the energy saved by having a solar system installed in the house. This means double savings as the homeowner reduces the cost of electricity and, at the same time, claims tax exemptions. With the continued depletion of energy reserves from fossil fuels, more of such programs can be expected to arise. You can ask your local government about existing programs for solar in home.
Actually, finding an alternative source of electricity is quite easy nowadays, thanks to the ingenious technology of solar in home. This refers to having solar panels installed in the home usually in your roof shingles to harvest radiant energy from the sun. The harvested energy is then used to power your home appliance through its conversion to direct current then alternating current.
Having an alternative power source in the home will mean big savings on the electrical bill. For instance, a solar water heating system costing about 5,000 dollars will enable you to save between 50 to 100 percent of your electricity. The cost of having a sun-powered system installed can be more than your usual cost, but not to worry because in 3 years, you will be able to recoup your investment from the electricity savings.
More so if you have solar in home is the number of government financing, subsidies, and incentives given to those who are "environmentally concerned" enough to invest in the technology. Among the first known government incentives given to promote use of green energy in residences was done in Japan. The milestones of Japan's program were the reduction in the cost of home solar powered systems by 72 percent as well as the improvement in power distribution.
Today, many countries have followed such feat. Under the Energy Efficient Mortgage (MEM) of the United States, for example, a homeowner can obtain financing for improving the efficiency of one's residence power system. Another is the so-called Residential Energy Conservation Subsidy Exclusion. In this federal program, homeowners can claim tax deductions for the energy saved by having a solar system installed in the house. This means double savings as the homeowner reduces the cost of electricity and, at the same time, claims tax exemptions. With the continued depletion of energy reserves from fossil fuels, more of such programs can be expected to arise. You can ask your local government about existing programs for solar in home.
Source...