Types of Renewable energy

4 Types of Renewable energy to Save Money and be Environmentally Friendly

If you’ve been looking for a type of renewable energy you can install at your home to save money on your electric or hot water bill while being environmentally responsible, you have several options you may have not known about. While most people are aware of solar energy options, they probably don’t know about the other types of green energy that can be installed at your home with relative easy. Read about these renewable energy options and learn about what you can do to save money and help the environment.

1. Solar power

Solar photovoltaic (PV) technology uses the power of the sun to generate electricity and energy for your home. Solar thermal energy is probably the most well known form of renewable energy and one of the most popular, too. Installing solar panels isn’t very difficult and is very accessible when it comes to cost. If you’re willing to make the investment, installing solar panels can pay for themselves and allow you to start to make money in as little as 10 years.

The average cost of installing solar energy technology in your home is between £8,000 and 14£,000. This may seem like a lot of money, but thanks to the Feed-in Tariff (FIT) program, you can actually get cash for the energy you generate. A house with a 2.2 kWp installation can generate enough electricity from solar power to earn you £800 every year. If you have solar panels installed, you’ll save about 110 on your energy bill annually. Combine that with the amount of money you’ll be making from the FIT program, and you can see that solar panels will bring about 900 to you every year depending on the size of your installation.

That amount could be more or less depending on how many solar panels you have. This means that you’ll pay off the investment in solar panels in 10 years and then start to make an extra £800-£900 per year just by having your solar panels. Since the FIT program guarantees you’ll be eleigible to make money for at least 25 years, you’ll make about 12,000 during the lifetime of your installation with these current numbers. That’s nothing to gawk at!

2. Geothermal

Geothermal energy works by capturing the heat of the earth from deep underground. The earth’s internal heat can have a variety of uses such as heating your home, cooling buildings and producing electricity. Geothermal heat pump installation costs start at about £6,000, which sounds like a lot but, like solar energy, will pay for itself over time. Geothermal energy also qualifies for a household grant of up to £1,200 for the installation of your system, so it’s definitely worth looking into to see if geothermal energy is something you could have at your home.

A consideration about geothermal energy that makes it slightly less accessible than solar energy is that it requires that you can drill deep in the earth to tap that internal heat and energy. You can have professionals come out to your home and assess the feasibility of installing geothermal energy at your home if you’re not sure if this is an option for you.

Even though geothermal power systems aren’t available for everyone, if it is an option for you, it’s very cost effective and reliable.

3. Wind energy

Another popular source of energy in some areas is wind energy. You’ve probably seen the giant wind turbines turning on distant hills on windy days. If you own a lot of property, you can consider installing a large wind turbine. However, smaller wind turbines tend to be more practical for most people since the technology is relatively expensive when compared to solar and geothermal.

Even though wind power is a completely clean way to generate power by harnessing the power of the wind, there are some downsides. As mentioned, the wind energy technology is very expensive. Another downside is that it has to be installed in an area where the wind is high in order to be effective. If the wind isn’t blowing, the propellers aren’t going, and you aren’t generating any electricity. Another problem with large wind farm installations is that sometimes the wind machinery can be noisy and kill birds that fly into the propellers.

If wind energy is an option for you, though, you’ll be investing in a very clean and effective source of producing energy.

4. Hydropower

Finally, hydropower is another clean source of energy that harnesses the flow of water and turns that into energy. The world’s largest source of renewable energy, hydropower provides millions of homes with energy. Installing hydropower for your individual home has a few requirements, however. You have to have running water on your property, and you have to install the proper equipment to turn that moving water into energy. This can be very expensive since it hasn’t caught on for the private sector yet due to the lack of homes that have the opportunity to generate hydropower on their property.

Another downside to hydropower is that it can potentially harm fish and wildlife and change the quality of the water if everything isn’t watched and maintained carefully.

Of all of the renewable energy options you have to generate power at your home and save money on your electric bill, solar energy and geothermal energy are the most practical and accessible. While geothermal requires that you live in specific areas where you can tap into the earth’s heat for power, it can be a reliable and effective way to power your home. If you don’t live on a geothermal site, however, you can always use solar energy. Installing solar photovoltaic technology at your home may have a high initial cost, but due to government programs your system can pay for itself in about 10 years. After that time, you’ll actually be making some money by generating power with your solar energy installation.

Whatever type of renewable energy sources you choose to use, remember that you have several options. You’ll be helping to ensure the energy future of the UK and be making a socially responsible contribution to the climate and environment by participating in the energy saving green power industry. Consider the renewable energy options for your home today.

Posted on September 8th, 2011 in by JP No Comments

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