Alternative Energy – The Financial Considerations

Energy, the cost, the consumption, the availability,  is taking the stage in both the Democratic and Republican political campaigns.  The idea that is in the forefront of both parties platforms is “alternative energy” and what choices, we, as consumers, can find.  Not just alternative choices, but the alternative choices that make the most financial sense, too.

Homeowners looking to reduce their utility bills are beginning to explore more efficient alternatives—like solar panels and geothermal systems—to traditional technology to heat and cool their homes.

Some advanced thinkers have begun to expand the functionality of solar energy to heat and cool their homes as well. However, the success of solar panels depends on the climate and the location of the home.  Geothermal, on the other hand, relies on temperatures beneath the ground’s surface, which remain constant all year long, regardless of the location

We should also consider costs of the two systems. Solar systems produce a limited amount of energy per square foot and take up a considerable amount of space. In addition, accommodating the heating and cooling needs in a home requires a large number of costly solar panels, while just one geothermal heat pump can effectively cool and heat an entire home.

Finally, most geothermal manufacturers offer hot water equipment that can provide hot water to the home. These systems can heat water at three to five times the efficiency of traditional gas or electric heaters, and unlike solar solutions, provide hot water 24 hours a day, seven days a week, 365 days a year.

All things considered, don’t you think Geothermal is a much more financially sound idea?


This entry was posted on Friday, September 14th, 2012 at 3:07 pm. Both comments and pings are currently closed.

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