Solar panels are solid, recession proof investments.
A Chinese proverb states that challenges offer us the greatest opportunity for innovation. Unless you have been living in a cave for the last couple of years, I’m sure you’ve noticed the ripple effects of the recession. Ultimately, we are all interconnected and depend on each other. Corporations have sold the business jet, home construction has come to a standstill, and families are getting creative in their efforts to save money. This leads us to questions like, “What are the most vital elements in our daily lives?”, “What are some positive ways of dealing with change?”, and “What is our relationship to sustainability?”.
Renewable energy is a term that has been in use since the early seventies. And it conjures up a wide range of ideas. From theories on free energy devices to real-world solar and wind power technology, we’ve come to realize that eventually every source of energy must be renewable. Solar power systems offer some of the most direct ways for individuals to play an instant role in directing their own energy consumption.
Every year solar panels achieve higher efficiencies, and drop in price. The main focus in the industry has been to make the technology more viable for the general public. Westinghouse introduced innovative ideas for the do-it-yourself market with the introduction of AC solar panels. These highly efficient solar panels incorporate built in inverters and racking hardware, making it easier than ever to install your own solar power system. New ways to link your solar panels to the national grid allow many folks to sell excess power back to their utility company, providing a much quicker return on investment. Advanced power management devices mean you can have the best of both worlds. You can be interconnected to the grid while also having a battery backup. With many new power centers, you can even monitor the productivity of your system on your smart phone web browser.
Generous Federal and state tax incentives are helping thousands switch to solar and wind power. Americans currently have more subsidies supporting renewable energy than ever, and in some states, you can save up to 80% of the total cost of a solar power system and installation. Legislators understand the need for less dependence on coal and oil for our energy needs, and we will see more incentives for renewable energy as the technology improves.
Humans are highly adaptive creatures, and we are extremely creative when it comes to problem solving. An optimistic approach to our economic troubles goes a long way in creating solutions. An investment in solar technology pays for itself, while offering guaranteed returns.