Search For Alternative Energy Resources Gaining Speed
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Search For Alternative Energy Resources Gaining Speed

Saving money and protecting the environment.

When the cost of electricity goes up it usually takes the price of everything else along with it. Production costs rise, the price of goods goes up and for many people; their cost of living also increases. Pollution, global warming, high oil costs and the threat of running out of non-renewable resources had put a spark back into the search of alternative energy resources. Hybrid vehicles and solar powered homes are beginning to be more accepted as ways of the future.

Most environmentalists have been cautioning the world for years that the current methods of producing electricity are not going to around forever. Using coal and oil products to turn turbines to make electricity, they warned, is going to deplete the supply and alternative energy resources will be needed. They often advised the time to act was before the supplies were gone. Additionally, they stressed the importance of alternative energy resources that did not pollute the air, water and send particulate matter into the wind.

Technology Still in its Infancy

The use of water to supply power has been around seemingly ever since electricity and windmills have been supplying power in many areas of the world for decades. The use of solar power is becoming more acceptable and using the water, wind and sun as alternative energy resources are still being examined. While many technological advances have been made, developing a cost-effective production method is still in its early stages.

When these technologies were first introduced there was no real financial incentive to continue development. Prices for coal and oil were still low and methods to clean the air at coal-fired plants kept pollution concerns to a minimum. However, recent increases in coal and oil prices and threat of running out have made the hunt for alternative energy resources more urgent.

Lack of Competition Keeps Prices High

Many blame the cost of the technology for the prices of using alternative energy resources, but most agree that a lack of competition among companies using them is the biggest culprit. Many contend the prices for alternative energy resources is artificially inflated using the supply and demand calculation that the supply has not increased sufficiently to offset even the slightest increase in demand, which sends prices even higher.

Many countries have initiated incentives for companies and individuals to find alternative energy resources that can save natural resources, reduce prices and save the environment. The scare of global warming has many looking at new methods of producing power without producing a hotter environment.

Home Solar Power Systems can Cut Electric Costs

The thought of free electricity is attractive to just about every homeowner and after calculating the costs versus the extended return on investment; home solar power systems are becoming more interesting to many around the world. However, the climate in which they live along with the weather conditions will determine if home solar power systems will work efficiently in a particular location.

About 40 years ago, home solar power systems were being offered in limited areas with limited power producing capabilities. Many individuals used small systems to operate just a few devices such as roof vent fans and a few lights. Today solar powered products can be seen in many places, including walk lights and along the side of the road powering traffic signals and weather stations. They are ideal for remote areas where connecting to the power grid would be too expensive or nearly impossible. Read more here:

Those choosing to live in remote areas of the country are finding home solar power systems large enough to supply all their electricity needs. Except in area where weather conditions blot out the suns rays, solar power may be the only alternative to move away from primitive living.

Investment Results with No Electric Bill

In true home solar power systems, not connected to the power grid, the initial investment, although high, will offer a pay off in the form of no electric bill. While those connected to the grid are held hostage by higher electric rates, those who use home solar power systems can enjoy a similar lifestyle without the continuing increases in cost.

A system can be configured to supply power on which to operate the entire house, including heating and air conditioning, provided there is enough space for mounting the photovoltaic cells required for the home solar power systems. An average home will use about 1300 kilowatts of power each month and there are several home solar power systems than can produce at least that much for under $20,000.

With these types of home solar power systems the 10-year monthly payments of about $170 would pay off the investment and anything after that would be considered free power. Maintenance costs for home solar power systems are minimal and the same system spread over 20 years will cost under $90 per month. In remote areas off the electric grid, and requiring a smaller system would be considerably less, especially considering the alternatives to supply electric power.

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