It is hard to believe that there was a time when the world had no electric power. These were the days when factories ran on coal as homes operated on kerosene. The advent of electric power sparked a revolution in ways that made development attainable rapidly. However, the cost as well as the means used to feed the electric power grid are questionable with regard to the rising cost of living as well as environmental issues.
Power Production Cost
The cost of producing a single kilowatt of electricity is on a constant steep climb. This is because electricity is a product that has produced using fossil fuels as well as expensive hydro technologies – both of which attract high taxes. The cost of electric power production is also influenced by economic factors such as inflation.
In addition to these, you are likely to pay your electricity bills through the nose simply because your country has fallen out of diplomatic favors with a leading crude oil producing country from which it sources its crude oil. If you have asked yourself why you should switch to alternative energy, then the above sentiments are probably reasons enough to grant you a change of heart. If not, then you should consider the fact that there is more to benefit from the switch.
The Rebates & Kickbacks
Governments, around the world, are in search of ways to encourage their citizens to take up green energy as a solution to power-related problems. For this reason, they are constantly on the drawing board in search of ways to help people to make the switch by offering heavy subsidies to the alternative energy sector. The subsidies have significantly brought down the cost of installing solar panels as well as energy-generating windmills.
You also get tax exemptions as a result of adopting green energy. Universal environmental bodies are also working closely with governments to give rebates as well as kickbacks to encourage the adoption of alternative energy. This means that instead of spending your money on utility bills, you get to earn money annually for steering off energy bills.
Property Value Benefits
Alternative energy adoption improves the value of your commercial as well as residential property exponentially. Green energy-compliant houses attract no energy bills, hence this boosts your revue collections in terms of rent in return. Property evaluation experts take the cost of installing solar roofs or energy-windmills into account whenever they are evaluating the worth of a real estate property.
There is also the intrinsic value that gives one the sense of satisfaction whenever he or she attains his or her green energy objectives. This means that you come through like a true champion of environment conservation campaigns when you go green. It also feels good to walk your relatives or friends around your homestead on a showcase tour that pivots on how your latest alternative-energy system works.
The feel-good attitude that comes with alternative energy can inspire you to do more in life. In some instances, you may even win a green energy award.