5 Ways to Make Money Using DIY Solar Panels

DIY solar panels are starting to spring up everywhere. In fact, there are a number of guides out these days which tackle the issue of how to affordably and easily build your own DIY panels, even if you're not particularly or at all technologically oriented or a DIY kind of guy. Sure natural energy which you can harvest yourself using these panels is great for the environment and everyone who lives in it, but let's not forget about all of the monetary benefits of it as well, so here are 5 ways to make money using DIY solar panels.

Power Bills – This one is particularly straight forward, but it should not be overlooked when you consider that last year it was estimated that the average American household spends $2500 annually to power their homes. Imagine having an extra $2500 freed up in your annual budget, we could all use it these days.

Surplus – This is where you start to see how powerful these DIY solar panels can be. Obviously you don't make exactly the amount of natural energy to live off of for a given month. You'll likely make more. In fact many homeowners construct multiple panels with the express purpose of generating large quantities of extra power. Why do this? Because the power company will pay you hand over fist for whatever energy which you create in a given month but don't consume. The government pays them to do this. Many homeowners with extra land to devote to it construct multiple panels and bring in a very attractive second income this way.

Tax Breaks – I just mentioned that the government reimburses the power companies to buy your power from you. This is because you are helping to alleviate from the overall energy crisis. Not only will they do that, but they'll also go one step further and reward you for generating natural energy in the form of generous tax breaks, so keep that in mind, particularly with the energy conscious Obama administration now in office.

Home Business – Professionally built and installed panels cost upwards of $3000. This is evidence that homeowners are willing to pay and pay well at that for this technology. Again to revisit the DIY solar panels guides, these guides teach you how to build your own panels using step by step illustrations and by teaching you the cheapest materials to do it with so that it still works. Many of these materials you likely have lying around your home or in your garage. Many people who do build these tools initially for themselves go on to build additional panels for friends and family, or start their own side business and sell these to other homeowners looking to save money just as you were.

Home Value – Finally, having functioning, money saving DIY solar panels significantly adds to the value of your home. Again, other homeowners and potential home buyers are interested in saving money just as you are, particularly a home which saves them money without them having to do anything. That's savings and income for life once you've got your panels build and working, so remember that when it comes time to sell your home.

Article Source: http://www.articlesbase.com/diy-articles/5-ways-to-make-money-using-diy-solar-panels-1004323.html

Author: John Wickley

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