Go Greener Tips

Renewable energy is the current growth trend and definitely will be the future trend of energy for the world. You are at a right path if you have decided to convert your home energy to be powered by one of the energy sources. In fact, you can make profit from it if you know how. This article will outline the 4 unique ways in which the renewable energy can make money for you.

Where to get started?

You can always get a start by building your own windmills or solar cells and harness renewable energy. There are a number of useful step-by-step guides that explain how to build a renewable energy system at a cost below $200. By investing a small amount of your efforts to follow the instructions in the guide to purchase the inexpensive materials to build one at home, you learn from the in-and-out on how the system is built to generate the electricity that can use to replace the existing fossil fuel energy at home.

Below are a few ways that people use to make money from renewable energy:

1. Eliminate the power bill

Wind and sun are free energy sources that can be converted to electricity and can be used without the need to pay for the electrical bill. The most obvious way the renewable energy makes money for you is by eliminating your electrical bill. If the average electrical bill costs you $200 a month, then you can save the $200 for the other purposes by creating your own electricity from one of the renewable energy sources.

2. Surplus the energy

Once you have set-up your first renewable energy system to generate electricity from solar cells or windmill, the building of second, third and subsequent system is just a repeat process of the first one. So, don’t stop with one windmill or a set of solar cells because you can make money for building more. The government does reimburse the company and the households with top dollar for natural electricity; so it is a chance for you to earn a handsome second income at no cost. There is no limit on how much electricity you can generate, the more you produce it the more earn you earn the money.

3. Tax breaks

Government does reward people who implement renewable energy at their home in the form the tax breaks. This is the effort of the government to encourage households to use electricity generated from clean and renewable sources such as the wind and the sun. So, remember to claim for tax deduction in this category when you submit your tax form. It is a form of money making as the money you save from tax paying can be used for other purposes.

4. Entrepreneur

Renewable energy has turned into a sunrise business with full of money-making opportunities. You can have it make you more money by spreading it to other people about the advantages of using renewable energy and help them to set-up a solar power or wind power system by copying the system you have set-up at your home. Informing them that to have it installed professionally requires about $3000, so people would definitely pay you good money if your solution cost much cheaper than the solution provided by the professional companies.

Summary

The demand for renewable energy is in the growing trend. There are many opportunities of making-money from this sunrise industry. If you don’t know where to get started, then the above 4 money-making ways can be a reference for a start.

Dave Stillman reviews various Home Energy Guides at http://www.wind-solar-power.info. Read his reviews before you buy any of these guides. Find the best step-by-step Home Energy Guides from Dave’s resources.

Author: Dave Stilman
Article Source: EzineArticles.com
Provided by: Electric Pressure Cooker