Nowadays, energy industry is considered to be the biggest on the globe. Basing upon the last trends in investments, renewable sources of energy may be viewed as a very long-sighted alternative for investing.
Having your own home business offering something people need and want will prepare you for a possible loss of employment. The unemployment rate is going to go way up. In some European countries there is now 30 and 40% unemployment. In the U.S. 9% unemployment is already causing a lot of pain and discomfort for a lot of people. Imagine 40% unemployment. Do not think because it has not happened in your life time that it cannot happen.
Building solar panels is not as difficult as you might think. The solar cells are what transform sunlight into energy. These cells are wired together. Once this transformation has taken place, heat light and hot water are available literally on tap. Your appliances can also be powered up to work for you in this way. The materials will set you back in the region of two hundred dollars. Do it yourself stores and most hardware stores will stock these items.
In many countries tax breaks or credits are available for those who install green energy electricity generation equipment. In the USA, the government and IRS have issued tax breaks or credits for DIY home solar panels for years as an incentive to reduce bulk energy consumption and focus people on sustainable energy sources. No doubt these incentives will increase as the need to move away from carbon intensive forms of electricity generation increase.
Like wind power, hydropower use the same theory as wind power but hydropower convert the energy of moving water into electricity. But tidal power is a bit complicated compare to hydopower although both of them convert energy of moving water to electrical energy. A reservoir is built at the seaside that have very high tide height ( >5m ), a valve is used to control the water flowing in or out of the reservoir hence is used to generate electricity.
Private developers-Private developers who want to make a good investment can also capitalize off biomass. When you pick the right setting, you can build a fully functional biomass power plant. Once it’s all completed, you sell it to someone else who is in the business of running them. You make a profit. They get the plant they wanted. Everyone stands to gain.
If we are all building our own solar panels at home, there is a good chance that we can reduce the effects of global warming. This is because less fossil fuel will be burnt as renewable energy generators take their place.