Solar Energy Benefits - How Can We Benefit By Installing Solar Energy?

Solar Energy Benefits - How Can We Benefit By Installing Solar Energy

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I used to think the installation of solar was too unaffordable, yet now I realize that solar energy benefits make the entire project worth it.As the price of power routinely increases every year, opening our electricity bill usually creates a sense of distress and almost panic. Now the media tells us that the electric provider has managed, yet again, to squeeze itself another price increase. Since fleeing civilization and taking up residence in the woods isn't really a feasible option, I am seriously thinking about starting to use solar power. Is it truly plausible for me? My cynical spouse has warned me that this is too challenging an undertaking and that the expense may be greater than the solar energy benefits. So strong is my desire to prove her wrong, that I started a quest to determine if it is really possible as well as cost effective to build a solar panel.I've read about wealthy properties which were so well equipped with solar, the owners made an income selling power back to the power companies?) Picture my surprise to discover this is becoming a really workable business. We now have actually dozens of books out there helping individuals get around reselling electricity back to the electrical company.I found out that there is a difference between making use of the sun's rays to create heat, for example to warm your swimming pool, and benefiting from the sun's rays to generate electrical energy. Solar power generation is called photovoltaic, or PV, but harnessing the sun to create heat is known as thermal. Thermal is much more straightforward in comparison with photovoltaic, but it doesn't have the capacity to create electricity. It will help, however, to warm your home or your pool, which is what has been happening in European countries for a while now.President of European Solar Thermal Industry Federation (ESTIF), Olivier Drcke, says European countries have been capable of utilizing this kind of solar technology to substitute 15 percent of their home's heating and cooling. This is quite an accomplishment considering that 50 percent of most power in Europe is used for heating and cooling. This figure can be expected to rise over the next twenty years. Public credits will definitely make make the whole concept much more appealing.Are solar energy benefits similar here? According to the Database of State Incentives for Renewables and Efficiency, "The American Recovery and Reinvestment Act of 2009 allows taxpayers entitled to the federal renewable electricity production tax credit (PTC) to take the federal business energy investment tax credit (ITC) or to receive a grant from the U.S. Treasury Department instead of taking the PTC for new installations." The credit would average approximately 30 percent; Yet, factoring in heating expenditures only, the money invested in solar power creation could rapidly come back to you during the next few years - 3 to 5 is generally the norm.Creating a solar panel isn't a thing to sit back and consider for too long, because many of these grant programs are scheduled to expire by October of 2011. Besides, exactly why would you want to continue forking over hundreds of dollars to your power company when doing your own solar power generation might keep that money in your pocket instead?

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