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SpinDistribute.com Article Directory

The following article was published in our article directory on February 17, 2011.
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Saving Money by Going Green

Article Category: Advice

Author Name: Kevin Foster

Going green is the talk of the town with individuals and businesses striving to get their carbon footprints under control and reduce emissions. The usual thinking is that by doing so you will need to spend a lot of money because you need new equipment, new things to buy and change the usual working if your home. Change can always be painful, which is why a number of homeowners avoid looking for greener solutions for their homes. However, here is the good news – you can actually save money in the process.
Most of the work related to going green deals with improving efficiency. This naturally needs an initial investment but the payoff can be good in the long term. For example, by simply buying energy efficient lighting for your home, i.e. by shifting from incandescent to CFL or LED lighting, you can save a good deal of money each month on your electricity bill.
Most ways to save money going green are reaped over a longer period of time. One of the best investments for your home might be installing a solar panel. You can meet all your electricity costs and typically you can get the return on investment in about a decade's time. What's more, with better grid connectivity, you could actually be selling power to the grid! That's right, you can be making good amount of money through the excess energy produced by the solar panels. Since solar energy is totally green, the rate of selling power is much higher than conventional electricity costs. A number of smart homeowners all over the country have turned their homes into a solar harvesting unit and now get a steady income flow from these investments.
This is the right time to invest in greener technologies for your home. This is because most of this equipment is heavily subsidized by the government in order to promote the manufacture and use of green technologies to curb emissions. Therefore you can get a great deal and you will not have to invest a lot of money. In fact, subsidies for the green energy market can lower equipment cost by up to half in a number of cases. It is best to make use of these special savings that may not last forever. This holds for energy efficient equipment for your home and also energy generation equipment like solar panels or home wind turbine.
The economic incentive is always good to have with green technologies. You might also look at several incentives given by the local and state governments, which vary very drastically from one state to another. The best way to look at this investment from a purely economic viewpoint is to see the expected return on investment. For example, consider the cost of a CFL and the amount of money it will save you every month depending on your use. Then see how many years it takes to get back your investment. In most cases, this is well within the product lifespan, which means you will end up saving money if you take the long term view.
In addition to saving money, you can of course be proud that you are doing your part in reducing greenhouse gas emissions and thus protecting the planet and life that thrives on it.

Keywords: financial freedom, live your passion

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