How to Save Money with Alternative Energy (2024)

Do you want to save money? If so, then you should certainly consider using alternative energy.

Arguably the most important benefit is that you can do your part to help conserve the Earth’s natural resources, and reduce the planet’s pollution.

However, using alternative energy sources can also help to save money. Here are some ways that you can accomplish that goal.

Every Drop Counts Since 0.4% Isn’t Much

Approximately 98% of the Earth’s water is in its seas and oceans. In other words, about 2% of the Earth’s water is freshwater.

Of that figure, about 1.6% of it is frozen in the Earth’s North Pole and South Pole.

Only about 0.4% of the Earth’s water is accessible to us (assuming you don’t plan on visiting the Earth’s poles anytime soon).

Water conservation isn’t only important for the Earth, but also for your wallet.

Every drop counts.

So here are some ways that you can lower your monthly water bills:

  • Turn off the faucet while you’re washing dishes or your hands
  • Position your lawn’s sprinklers so only the lawn gets watered
  • Set your clothes-washing machine to a water level that matches the load size
  • Fix leaky faucets and water pipes immediately
  • Choose energy-efficient dish-washing and clothes-washing machines
  • Wash your plants thoroughly yet less frequently

Use the Sun and Wind More Efficiently

Too often we take natural resources such as the Sun and wind for granted. Not only are they good for our health, but they’re also excellent sources of energy.

Today, more and more people are using solar panels and wind turbines at their homes. These items are not only better for their environment than non-renewable energy sources, but they can also help to reduce your utility bills.

Within time, it’s even possible for the solar panels and wind turbines to pay for themselves!

Another way that solar panels and wind can save you money happens before you start using them. You can save big bucks. By installing Do It Yourself (DIY) units, you save money that you’d normally have to pay for professional installation.

Reduce the Outdoor Weather’s Effect on Your Home’s Indoors

Weatherization is one of the most effective ways that alternative energy sources can save you money.

For instance, installing more energy-efficient windows in your home can help reduce how much draft enters your home. That reduces your heating costs. Repairing an old window can sometimes be expensive depending on the repair.

Using window dressing can reduce the amount of sunlight that enters your home during the summer, which can help to lower your heating costs. Another step is to prevent all pipes in your home from condensation and freezing.

By taking such steps, the weather outdoors will be less of a liability and more of an asset.

Reduce, Reuse and Recycle

The three Rs are: Reduce, Reuse, and Recycle.

While recycling is the most popular way that we can save money via alternative energy, it’s only one of the three R’s.

Maximize your recycling by recycling just about everything you can, including:

  • aluminum
  • cardboard
  • glass
  • paper
  • plastic
  • steel

It’s important to note that the three R’s not only reduce the amount of energy needed to produce certain materials, but also the amount of pollution that is produced by making those products.

Take aluminum, for example. When it’s recycled, it provides 95% energy savings, and produces 95% less pollution than when producing new aluminum products.

Other materials such as paper also produce significant savings and less pollution when recycled.

Besides recycling, reducing your energy consumption and reusing things also helps to save money through the use of alternative energy sources.

Caring for the Earth While Caring for Yourself

When choosing cosmetics and skincare products, choosing natural ones can help to save you money, due to the use of alternative energy sources.

Yes, some commercial products on the market often include plant-based materials in them. However, there are some important issues to consider.

Such products often include human-made materials as well, which can cause various unwanted side-effects on your skin. Besides that, growing plants is relatively inexpensive so you can save a ton of money that you would have spent on commercial cosmetics and skincare products.

So besides conserving your skin, natural cosmetic products and skincare products can also save you some green-money, that is.

Waste Less and Then Save More

This is yet another way that using alternative energy sources can reduce the cost of energy.

For instance, consider gas-powered vehicles vs. electricity-powered vehicles. When gas is used to power vehicles, about 20% of the gas produces motion, while about 80% is lost to heat.

However, basically the opposite happens when using electricity-powered vehicles. About 80% of the electricity produces energy, while about 20% is lost to heat. That’s a big-time contrast.

While petroleum, natural gas, and coal have different rates of efficiency, they’re all significantly less efficient than electrical energy. Also, you can enjoy the efficiency of solar, wind, and hydro energy that’s been converted into electricity, at your home.

Prevention is Indeed Better than Cure

This is an indirect cost-effective benefit of using alternative energy sources, yet is still noteworthy.

Remember the BP Deepwater Horizon oil spill in 2010? Many experts predict that the total cost of the cleanup costs could be about $14 billion USD. Consider a couple of key factors regarding the spill: it was only one of several past oil spills, and didn’t even involve the use of non-renewable energy sources.

Meanwhile, energy sources such as solar panels and wind turbines produce much less pollution than energy sources such as coal, natural gas, and petroleum. As a result, the cleanup costs for pollution that such alternative energy sources produce are much lower.

That provides a benefit for everyone, since the global community as a whole (literally) pays for the costs of reducing global air, land, and water pollution.

This article was originally published in June 2014. It has been updated for freshness and accuracy.

How to Save Money with Alternative Energy (2024)

FAQs

How to save money with renewable energy? ›

Insulate your home. If your home is well insulated, then you will save on your heating and cooling costs. This is a cost-effective way to make a change and save money. In addition, there are many government programs available for tax breaks if you are making your home energy efficient.

Does alternative energy save money? ›

Wind turbines and solar panels produce energy using free and green sources of power — the sun and wind.

How can we save renewable energy? ›

One of the best energy-saving devices is the light switch. Turn off lights when not required. Many automatic devices can help in saving energy used in lighting. Consider employing infrared sensors, motion sensors, automatic timers, dimmers and solar cells wherever applicable, to switch on/off lighting circuits.

How can solar energy save money? ›

Solar panels give you the ability to save money by creating a natural source of energy that has the ability to power your home and heat your pool. If you're looking to save a ton of money, it really depends on a few key factors: Direct hours of sunlight. Local electricity rates.

What is a simple way to save energy and money? ›

1. AIR DRY: Air dry dishes instead of using your dishwasher's drying cycle. 2. TURN IT OFF: Use timers and motion detectors to turn off lights and be sure to unplug TV entertainment systems when travelling (use power strips for easy on/off switching) and don't leave your computer and monitor on needlessly.

What is the quickest and easiest way to save money on energy bills? ›

This one is easy. To save money, set your thermostat down or up 7 to 10 degrees (depending on the season) when you're asleep or away from home. Doing so for eight hours can lower your annual heating and cooling costs by around 10%.

What are 3 benefits of alternative energy? ›

Benefits of Renewable Energy

Generating energy that produces no greenhouse gas emissions from fossil fuels and reduces some types of air pollution. Diversifying energy supply and reducing dependence on imported fuels. Creating economic development and jobs in manufacturing, installation, and more.

How is alternative energy better? ›

Energy from renewable resources prevents air pollution, which makes the air safer to breathe, leading to better health and lower health care bills. Transitioning to clean energy protects the fundamental human right to a healthy, safe environment.

What is the cheapest form of energy? ›

According to the IEA's World Energy Outlook and other research projects, solar and wind energy have continued to occupy the top spots in terms of the cheapest renewable energy sources. Both energy sources cost significantly less than fossil fuel alternatives and continue to become more affordable every year.

How to save energy essay? ›

We must replace all our old appliances as they consume a lot of electricity. In other words, we must strive to make our homes energy efficient. Moreover, always remember to unplug your electrical gadgets when not in use. These devices consume at least 10% of electricity even when inactive.

What resources will run out by 2050? ›

According to him, “in this scenario it is possible that the reserves of some of these elements will be exhausted in 2050 — such as gold and antimony — or in less than 100 years — in the case of molybdenum and zinc.”

Why are fossil fuels bad? ›

Producing and burning fossil fuels creates air pollution that harms our health and generates toxic emissions that drive climate change. From the electricity that lights our homes to the cars we drive to work, modern life was built on fossil fuels like coal, oil and natural gas.

Do solar panels work at night? ›

It's a common myth that solar panels don't work at night or when it's cloudy. Solar panels technically still function at night, in fact, but they won't be generating electricity. However, they will still produce electricity during cloudy weather.

Does solar pay for itself? ›

On average, most US households take between 6 to 8 years for their solar panels to pay for themselves. However, the payback period can differ from state to state, as it's influenced by several factors, not just the amount of sunlight received.

Is it worth investing in alternative energy? ›

Investment in renewable energy projects soared to new heights in 2021, thanks to new solar and wind power installations. In order to reach net-zero carbon emissions by 2050, BloombergNEF predicts that solar and wind plants will need an average of $1.5 trillion per year between 2026 and 2030.

Is alternative energy expensive? ›

Renewable Energy Can Have A Low Cost When Using the Right Technology. As you can see, renewable energy can in many cases be less expensive than nonrenewable renewable energy. It is also, on average, cleaner and safer than other energy sources.

How costly is alternative energy sources? ›

Average renewable energy costs:

Wind power: $20/MWh. Solar power: $37/MWh. Hydro power: $85/MWh.

Why is alternative energy expensive? ›

Wind and sunshine are free, whereas gas-, coal-, and oil-fired plants need fuel. That means the price of renewable electricity is almost entirely determined by the upfront cost of building the facility, whereas fossil-fuel energy prices are a mix of upfront costs and ongoing fuel costs.

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