As much as we rely on electricity to function in our daily lives, it can cost quite a bit, and hurt the environment. Renewable energy sources can provide you with the electricity without the cost and environmental damage of traditional energy sources. The following are some of the best renewable energy sources that can save you money.

Solar Energy

Solar energy is created when solar panels transform sunlight into electricity that can power your home. This is a great alternative to traditional energy sources because it not only saves you money, it can also save the planet. Solar panels create electricity without emitting any greenhouse gasses, unlike traditional energy sources. To begin using solar energy, you will need to install solar panels on the roof of your home. The sunlight they attract will be turned into electricity you can use. After installing solar panels, you will no longer have to pay nearly as much for your energy bill. You’ll be creating your own electricity instead of needing to purchase it. However, solar panels can be a bit expensive. Installation ranges from $10-20,000. The good news, though, is that once this cost is paid off, you’ll never have to pay for electricity again.

Geothermal Energy

One of the biggest expenses on homeowners’ energy bills is the electricity it takes to heat or cool their home. It’s hardly comfortable to constantly be subject to the temperatures outdoors, and your home should be a place you can get away to more comfortable temperatures. However, heating and cooling your home takes significant energy, which can make your energy bill more expensive. Geothermal cuts energy by up to 70% for your home, which can save you over 50% on your energy bill. It is a sustainable, renewable energy source. Geothermal energy works by creating a network of underground pipes that circulate liquid that is heated and cooled by the earth. This liquid is then passed through heat exchangers that pumps the heated or cooled air through the ducts into your home.

Hydroelectric Energy

Hydropower is the most cost effective renewable energy source out of the three. This type of energy uses a dam or other physical water diversion structure to redirect the flow of water and produce electricity. This type of energy costs so little because it requires very few supplies to work. 

Renewable energy sources are the best ways to power your home and business. These sources are not only more environmentally friendly, but they can save you thousands of dollars on your energy bill as well. These are a few of the most well-known renewable energy sources that can save you money. 

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