Green Energy Versus Brown Energy: Cost and Investment


In today’s economy, the costs of almost everything are rising at an alarming rate. In the last few years, energy rates have shot up substantially compared to how slowly they grew over the last century. Thanks to new regulations, local electricity rates are projected to increase substantially in the coming years. When dealing with electricity, you can choose between brown energy and green energy, depending on your situation. What’s the difference between the two and how can they impact you?

Brown Energy

Brown energy is the traditional type of electricity that is produced through the normal means. Typically, this refers to electric plants that produce power with coal or some other fossil fuels. It is referred to as brown energy because of the pollution that is caused by this form of energy. Local electricity rates are based on the use of brown energy for the most part, although that is slowly starting to change.

Green Energy

Green energy is a form of power that is renewable and does not pollute the earth in any way. With green energy, homeowners and businesses can take advantage of the abundant power that is all around them without having to rely on fossil fuels or create pollution. Some examples of green energy are solar power, hydroelectric power, wind power, geothermal power, and biodiesel. All of these forms of power have been available for many years, but they are starting to become more popular and widely available to the average person.

Costs

Initially, green energy typically requires a large upfront investment for the customer. This is because they must pay for all of the equipment that is needed and the labor to install it. For example, if you want to go solar, you have to pay for all of the panels, the inverter, the wire, monitoring equipment and other items that are required to make it work. Unless you know how to do it yourself, you also have to pay someone to hook it up for you.

By comparison, when you want to hook up to the grid, you just tell the power company where you want to connect and they’ll bring it to you. When you use brown energy, you’ll have an electric bill for the rest of your life. With green energy, you will eventually be producing free electricity. Once the system has paid for itself, you’ll be able to enjoy free power for several years. You can find out more about green energy  here at this page.

Considerations

Although renewable energy systems can cost a lot initially, there are numerous programs and incentives that are available to help. For instance, the United States offers a 30 percent federal tax credit. Many utility companies also have rebates that you can take advantage of to help pay for your system. If you’re thinking about going green, find out what incentives and rebates may be available in your area. It may be more affordable than you previously thought was possible just a few years ago.

Written by Jon the Saver

This post was written by yours truly, Jon Elder. My mission is to help you succeed in your personal finance life. Join me on the journey to financial freedom! You can subscribe through RSS FEED or EMAIL updates. You can also find me on TWITTER
and FACEBOOK
. Happy investing 🙂

Jon the Saver

This post was written by yours truly, Jon Elder. My mission is to help you succeed in your personal finance life. Join me on the journey to financial freedom! You can subscribe through RSS FEED or EMAIL updates. You can also find me on TWITTER and FACEBOOK . Happy investing 🙂

More Posts - Website

Related posts:

Google+ Comments

banner
%d bloggers like this:
Read previous post:
gardening
Why Gardening and Investing are More Similar Than You Think

I'm the first person to admit that I completely lack a green thumb. In fact, I've managed to kill just...

Close