| Green Economics with Renewable Energy |
Renewable
Energy's Payback Time Period
Green Economics of
Alternative Energies for Homes and Businesses
|
News of Renewable & Alternative Energy Join our email list here Renewable Energy
|
Payback is the number
of years it takes for your electricity savings to equal the system's cost
and maintenance. Once you have
estimated your system's kilowatt-hour production, you need to determine
your annual kilowatt-hour (not dollars but kilowatt hours) use of
electricity. This is normally available from your electric service
provider. Use an average of two years consumption for this figure. Next look at the cost
of your electricity. Again, look at the rates you have paid over the last
two years and get an average. It does fluctuate. Now add at least 2.5¢
per year for cost increases. That is the average increase based on many
past years. Increases will probably be much larger than that in the
future. If you live in an
area where net metering is not available, the payback for your system will
take longer. Energy-efficiency then becomes a major player in your payback
time. You certainly need to
make your home as energy efficient as possible. However, it is not
necessary to do your energy-efficient improvements before installing
renewable energy or even do it in the same year. It is important to
get a plan for both energy efficiency and renewable energy installation
from a professional, then stick to it. Back to Economics
Directory For
further information about Renewable
Energy or this area of Texas
contact Terry
Jensen green builder, or green remodeler in North Central Texas or the Dallas-Fort Worth area? Are you purchasing or building a home? Ready to add renewable energy? Interested in living more sustainably? Contact Terry Jensen Frugal Energy, LLC 972 251-1532 or 817 443-2553 Please call. If I can answer without seeing your home or business, I will do so at no charge.
|
Green
&
|
Copyright © 2008-2011 DFW Green Building and Renewable Energy. All rights reserved. Reprinted with permission which is not universally given. Please contact DFW Green Building and Renewable Energy for permission in writing before using these copyrighted materials
Note: The opinions expressed herein are exclusively those of the writers or other participants and do not necessarily reflect the position of CyberParent. They are not intended to take the place of advice of a health, legal, or other professional whose expertise you might need to seek.