What is Renewable Energy?
Renewable energy, simply put, is energy that comes from a natural source that is naturally restored. Renewable energy alternatives are a rapidly growing segment of the energy sector. So much so that today nearly a fifth of electricity generation comes from renewable energy sources. Over 44 million homes use biogas for cooking and lighting.
With climate change worsening and oil prices inflating, it’s no wonder millions of people are making the switch to renewable energy services. Keep reading to learn more about your renewable energy options, how much you can save and where to find providers.
Renewable Energy Resources
There is actually a wide variety of renewable energy resources. Which renewable energy options are available to you depend on where you live and how your home is built or retrofitted.
- Geothermal heat
These are just some of the renewable energy sources that are currently being used throughout the country. New renewable energy sources are being discovered every day, giving consumers everywhere more control over where their energy comes from and how much they have to pay for it.
Finding Renewable Energy Providers
Interested in using renewable energy instead of traditional energy sources? Fortunately, consumers have more renewable energy options than ever before and are available in urban and rural areas alike.
Solar energy – If you want solar energy you can choose to purchase a solar water heater from any major home improvement store, have solar panels installed, or buy energy provided by solar photovoltaic power plant.
Wind energy – Wind farms have been popping up all over the country to provide communities with another electricity option. You can also contact a local provider to have a residential wind turbine installed at your home.
Geothermal energy – You can purchase a geothermal heat pump system to received hot water or use a geothermal energy system in place of a traditional HVAC system. Contact geothermal installers in your area to get specific information on pricing and equipment.
You should also look into co-ops in your area. Energy co-ops are some of the biggest supporters of using renewable energy sources in order to preserve and protect the environment as well as provide members with more affordable energy services.
How Much Can You Save Using Renewable Energy Alternatives?
It’s obvious that switching to renewable energy sources will save you money in the long run. But just how much money, and how quickly will you start seeing the savings?
The only way to get an exact estimate (if you aren’t simply switching to an energy provider that uses renewable energy) is to have an installer come to your home and give you a quote. You can get a good idea of how much you will save by using an online calculator. A quick search will provide you with a selection of renewable energy calculators.
One thing to keep in mind is tax incentives. Federal, state and local governments all offer tax credits and rebates for people who choose to use renewable energy sources. When considering the cost and savings of making the switch to renewable energy factor in tax incentives as well as the improved efficiency over the old systems. It is also possible to get low interest loans to cover the cost of retrofitting the home with the new equipment. In many instances the monthly loan payment will be less than you were paying for energy each month – instant energy savings!