One of the most promising sustainable energy sources is solar energy. Because of this many people are looking to supplement or replace their energy needs with solar panel systems. What they find when they go to buy solar panel is it can be a very expensive proposition.
For those of us who have studied wealth building, we understand that this is the science of creating sustainable wealth. There is a foundation that needs to be laid out and a sequence of events that need to happen in order for wealth to begin its accumulation.
In many countries tax breaks or credits are available for those who install sustainable energy electricity generation equipment. In the USA, the government and IRS have issued tax breaks or credits for DIY home solar panels for years as an incentive to reduce bulk energy consumption and focus people on power supplier sources. No doubt these incentives will increase as the need to move away from carbon intensive forms of electricity generation increase.
Now, Tom set his sights on working out a plan to take his home “off the grid”, out of the hands of the public electric works. He needed a way to provide his own electricity, so that he and Barbara could stop using electricity from the city. He did his research and found that he had three options for an alternative power source to bring electricity into their home: solar energy, wind power, and hydropower.
Using water for power makes a lot of sense. You don’t have to go through the risky process of compressing highly flammable hydrogen into tanks when nature has done it for you. Hydrogen is naturally and safely compressed in water – without you having to do anything.
Today the windmill has a renewed function which is run small generators for homeowners. These generators produce electricity to be used in running small home appliances. These windmills are commonly used outside the city area. It would be hard for a homeowner in the city to make use of this technique because they are a few feet in diameter and are placed fairly high.
This might be the only time you ever read about molten batteries in your life. The next time you read about your utility company buying electricity from a solar farm, this may be exactly what is involved.