Save Money and the World
In the present day, countries around the world are becoming more and more aware of the increasing risks associated with the continued use of fossil fuels as a means of energy. From driving to and from our jobs that support our families, to heating and cooling our homes to a liveable level, about 80 to 90 percent of the 474 exajoules of energy consumed in 2008, came from the combustion of fossil fuels. Coal continues to be the fastest growing fossil fuel to be used for energy; coincidentally, coal is also the dirtiest form of energy. In 2004, 87% the world's total combined energy consumption was obtained using the combustion of fossil fuels. (Figure 1.1)
If you notice, Geothermal, Solar, Wind and Wood energy take up less than 1% of the worlds consumption of energy. Many countries have started offering incentive programs to raise this level of renewable energy consumption in order to protect our planet. Germany has been the leading force of this trend. Before the global economy crashed in 2008, Germany offered subsidization of their renewable energy products. Commercial and residential subsidies in Germany alone created a rapid influx in the renewable energy industry across the world. Companies such as Solar One, based out of Tempe, Arizona, would never have been able to stay in businesses without utilizing these incentive programs.
On February 13, 2009, President Barack Obama convinced congress to pass the American Recovery and Reinvestment Act of 2009 (ARRA). The sole purpose of this act was to create jobs during economic downfall in which unemployment had increased drastically. The act was also put in place to promote investment and consumer spending. The bill's budget was set at $787 billion. Much of this budget was used to stimulate the economy outside of the energy industry; however, $27.2 billion was specifically allocated for energy efficiency and renewable energy research and investment. Out of the $27.2 billion, $6 billion was assigned to renewable energy and electric transmission technologies loan guarantees. This allowed many renewable energy companies (manufacturers, retailers, installation companies etc.) to obtain capital needed to expand and also allowed companies in development to open their doors quicker. Only $115 million of the $27.2 billion was directly used to develop and deploy solar energy technologies, but this was enough to greatly stimulate the solar industry specifically.
In 2009, solar energy was one of the fastest growing industries in the nation. Many groups have formed to help initiate a rapid sales increase and use of solar energies. One group specifically is the Arizona Solar Power Association (ASPA). This group does not sell, install or manufacture solar products; instead, they have members of their group that do. They have about 800 members in which they contract business to. They have received contracts for more than 70 shopping centers across the nation and have passed this business on to their members. These groups help tremendously improve the renewable energy markets.
The human race must act now in order to sustain and maintain the lives we live. We cannot wait until fossil fuels have run dry. The time is now to invest into renewable energies. If we invest in these products now we will save money in the long run. Both commercial and residential structures would benefit greatly from the use of renewable energy. The great part of renewable energy is that it is free. The technologies that harness this energy is not free. If we invest in solar, hydroelectric, wind and geothermal energies now, it will pay itself off with the amount of free energy it is harnessing in less than 10 years. If the world came together and collectively invested in putting solar panels on just a mere 4% of the world's deserts we would have enough electricity for the whole world and we could stop our dependance on oil, coal, and gas. The Gobi desert alone is big enough to hold a solar PV system that could sustain the 474 exajoules of energy that the world consumed in 2008.
Written by: Judson Covert
starPowered
Owner and Co-founder
judd.covert@mysolarliving.com
http://www.mysolarliving.com
In the present day, countries around the world are becoming more and more aware of the increasing risks associated with the continued use of fossil fuels as a means of energy. From driving to and from our jobs that support our families, to heating and cooling our homes to a liveable level, about 80 to 90 percent of the 474 exajoules of energy consumed in 2008, came from the combustion of fossil fuels. Coal continues to be the fastest growing fossil fuel to be used for energy; coincidentally, coal is also the dirtiest form of energy. In 2004, 87% the world's total combined energy consumption was obtained using the combustion of fossil fuels. (Figure 1.1)
If you notice, Geothermal, Solar, Wind and Wood energy take up less than 1% of the worlds consumption of energy. Many countries have started offering incentive programs to raise this level of renewable energy consumption in order to protect our planet. Germany has been the leading force of this trend. Before the global economy crashed in 2008, Germany offered subsidization of their renewable energy products. Commercial and residential subsidies in Germany alone created a rapid influx in the renewable energy industry across the world. Companies such as Solar One, based out of Tempe, Arizona, would never have been able to stay in businesses without utilizing these incentive programs.
On February 13, 2009, President Barack Obama convinced congress to pass the American Recovery and Reinvestment Act of 2009 (ARRA). The sole purpose of this act was to create jobs during economic downfall in which unemployment had increased drastically. The act was also put in place to promote investment and consumer spending. The bill's budget was set at $787 billion. Much of this budget was used to stimulate the economy outside of the energy industry; however, $27.2 billion was specifically allocated for energy efficiency and renewable energy research and investment. Out of the $27.2 billion, $6 billion was assigned to renewable energy and electric transmission technologies loan guarantees. This allowed many renewable energy companies (manufacturers, retailers, installation companies etc.) to obtain capital needed to expand and also allowed companies in development to open their doors quicker. Only $115 million of the $27.2 billion was directly used to develop and deploy solar energy technologies, but this was enough to greatly stimulate the solar industry specifically.
In 2009, solar energy was one of the fastest growing industries in the nation. Many groups have formed to help initiate a rapid sales increase and use of solar energies. One group specifically is the Arizona Solar Power Association (ASPA). This group does not sell, install or manufacture solar products; instead, they have members of their group that do. They have about 800 members in which they contract business to. They have received contracts for more than 70 shopping centers across the nation and have passed this business on to their members. These groups help tremendously improve the renewable energy markets.
The human race must act now in order to sustain and maintain the lives we live. We cannot wait until fossil fuels have run dry. The time is now to invest into renewable energies. If we invest in these products now we will save money in the long run. Both commercial and residential structures would benefit greatly from the use of renewable energy. The great part of renewable energy is that it is free. The technologies that harness this energy is not free. If we invest in solar, hydroelectric, wind and geothermal energies now, it will pay itself off with the amount of free energy it is harnessing in less than 10 years. If the world came together and collectively invested in putting solar panels on just a mere 4% of the world's deserts we would have enough electricity for the whole world and we could stop our dependance on oil, coal, and gas. The Gobi desert alone is big enough to hold a solar PV system that could sustain the 474 exajoules of energy that the world consumed in 2008.
Written by: Judson Covert
starPowered
Owner and Co-founder
judd.covert@mysolarliving.com
http://www.mysolarliving.com
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