Besides death and taxes there are also a few other facts you can rely on. For instance, you can also count on inflation and government subsidies to help offset inflation. Perhaps inflation and subsidies are not as definite as death and taxes but they are a constant. So when it comes to heating your residence a good choice may be with an alternative to the rising cost of electricity would be to invest in solar power on Long Island that the government may help pay for.
In one year alone the cost of rising electrical power for a median size one family residence rose 2.5%. When you compare this with the rise of inflation just being a little under 2% you can see how expenses add up quickly. While the price of a solar panel can vary from inexpensive to highly expensive a good range would be between $2.50 to $5.00 per watt at the most costing $15,000 for a 3kW system that most single family residences require.
There are other options when it comes to alternatives to electricity and they have come with their fair share of government subsidies. Over 20 years the contribution from the federal government for wind generated electrical operators has helped keep that industry afloat. While some question the use of windmills being able to generate enough electrical power to make a real contribution there are actions that a single family can contribute to in order to seek out alternatives to energy.
This is where solar power on Long Island can come in. There are costs up front in order to get residential solar panels working but once established you could see a reduction in an electric bill by an average of half. In order to make a point that would mean that your average bill of $200 would be cut to $100.
Another average is that a household usually requires 900 kWh per month but a basic system for solar power on Long Island will generate approximately 450 kWh giving us our monthly reduction on city electrical sources by half. Where the bonus or government funded programs helps is that on the months where your solar energy oversupplies your needs, you can sell your extra energy back.
