How to save money with Wind and Solar

Due to the increasing industrialization and the accompanying increasing prosperity, Earth faces a growing scarcity of resources. So it is not surprising that green technologies such as wind and solar energy are becoming increasingly popular.

Consider that heating and hot water can account for up to 90 percent of a household’s energy costs. In that case, it is understandable to look for ways to reduce expenses heating your home and generating hot water — and now more and more more people are looking for inexpensive alternatives to the existing solutions. Due to seemingly constant increases in energy prices, people rely more and more on solar and wind energy when building or renovating a house, as they can save energy costs by using solar and wind energy and increase the value of their property. Let’s see how to save money with wind and solar energy.

How to save money with solar energy

Using your own property for your energy transition — from fossil fuels to solar — that is both environmental protection and cost savings at the same time.

Solar energy is one of the most renewable energy sources on the planet with almost no negative side effects. The sun shines all year round. If it shines directly on a photovoltaic system or a solar collector, the output is highest. Solar is even better than wind as it doesn’t affect bird and bat flight-paths. You should install solar.

But even when the sky is overcast, i.e., with indirect or diffuse solar radiation, solar energy can be used — albeit to a lesser extent. Saving with solar energy is very easy to implement because this green technology uses solar energy, and it is always available.

In addition, the collectors required for this can now be attached to the roof very easily. The efficiency and size of the solar panel have great importance in the production of energy. If you have more efficient solar panels, the more electricity it will create- means long-term savings. The acquisition costs of such systems have also fallen sharply in recent years. The investment in a system with an average useful life of 20 to 25 years pays for itself on average within 8 to 10 years.

Some countries are moving towards generating as much as 10% of their electricity with solar energy. Other countries still use a lot of nuclear power yet are going more and more solar, like Japan. America also has some massive solar installations.

How to save money with wind energy

According to a comprehensive survey, wind energy is purchased in bulk for 2 cents per KWH, and the turbines are getting bigger, cheaper, and better over time. The local electric rate for a kilowatt-hour is 10 cents (the national average is actually $0.11. Suppose the turbines work at half-capacity and generate around 650 kWh per month energy, then the turbine saves $65 in a month on your energy bill. So you will have to pay for the turbine with the savings at that rate in almost in 11 years. This assumes, there will be no increase in the energy rates over those eleven years.

Bottom Line:

Solar and wind energy are undoubtedly a great step one can take if they are interested in a green energy solution. It can also end up cutting on energy bills, long-term investment, and doing the right thing for our planet and environment and doing the right thing for our wallet as well. If you find this article informative, share it with your friends.