Archive for: July, 2008

Are you renting your Electricity?

Jul 04 2008 Published by under American Consumer, Changing scene, Dumb Americans, Sloar

Do you rent your car? Do you rent your home? Most people do not or are striving not to rent. Then why do we all rent our electricity? The majority of the public rents their electricity. Well it could be viewed that way, because you are really renting the ability of the power company to generate and deliver power to your home.

You are renting a portion of the physical plant, coal, nuclear, steam, hydro or Solar that generates the electrical power. Also you are renting the transmission lines that are used to move the power from the generating plant to your place of residence.

So why not buy your electricity just like you buy your car or your home. When we buy personal property that is more then we can pay out in one lump sum, we finance it over a period of time. But when that financial obligation is paid off we own that piece of personal property. Granted it takes a lot longer to pay off a home over a vehicle.

Solar-roof-top

So do the same thing with your electricity. Buy it! For many of us that live in the sunbelt we can purchase our own power generating system. And once installed, it requires very little maintenance and does not emit any pollutants. The answer is photovoltaic panels. Ok, they are still kind of expensive, although the cost is coming down over just ten years ago. And the products are more mainstream and readily available today. Most system also will qualify for federal and state rebate programs or tax credits.

So instead of being a Dumb American and paying the power company every month for the rest of your life, pay yourself. Take that monthly amount you would pay out to the power company and pay off your solar system over time. Then when the system is paid off you will be getting almost free electricity.

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