How To Generate Your Own Electricity

Have your home’s energy costs been increasing lately? If they are, you may now be looking for a fresh opportunity to save some money on one of your home’s most important utilities.

“But how much will generating my own electricity cost?”, you may be asking. Interestingly enough, at-home electrical generation is becoming more accessible and affordable than ever before. So, now is a great time to switch to a greener, cheaper source of electricity. 

This guide will help you do that by outlining the most popular forms of at-home electrical generation. In this guide, we’ve also highlighted the most important factors you’ll need to account for before making the big switch.

solar power on the roof of a house with wind turbines in the background

Check for Government Incentives

Before you start researching which alternative electricity production sources are available and viable in your area, take some time to see what you can save by switching. Specifically, you should take some time to learn if your state or the federal government has active incentives to help make switching more affordable.

In many cases, your state government and the federal government have a vested interest in helping encourage citizens like you switch to a green energy source. As such, they may offer a rebate on your hardware’s installation cost or offer a tax credit that you can cash in at a later date. Either way, these incentive programs can help cut out a significant chunk of your switching costs.

How To Find Incentives

If this is your first time considering an alternative energy generation method, your search for these incentives should begin on DSIRE’s homepage. There, the Clean Energy Technology Center at North Carolina State University has put together an interactive map that allows you to succinctly see all active alternative energy incentives for your state.

For example, if you were an Illinois resident, this website would tell you that ComEd is offering new home builders financial incentives to include alternative energy generation technology in their building plans. So, if you fit that description, you’d be able to follow this website’s user-friendly interface to learn more about applying for that incentive.

Meanwhile, if you’re looking for financial incentives from the federal government, consider asking a tax professional about currently active programs of this nature. They can help you plan out which tax credits you’ll claim based upon the recently revised tax code.

EnergyStar’s website also includes succinct information on how much you’ll be able to claim on your taxes after completing your switch

Modern Methods for Generating Power at Home

If you are wondering how to generate your own electricity at home, then you’ve come to the right place. Listed below are all of the top methods for generating electricity at home, based upon current cost estimates and efficiency ratings.

Be sure to use all of the information below to make an informed decision about which of the following methods fits your lifestyle and your budget!

Things To Consider

Here are just a few more considerations that you should keep in mind when evaluating which kind of at-home electricity generation system you intend to install. If you are planning to work with a professional contractor to install your system (which is recommended), these are topics that you should bring up prior to installation:

Battery Storage

Most forms of alternative electricity generation derive from non-consistent sources. In other words, there may not always be enough sunlight or wind to meet your home’s energy demand. This is where a specialize battery system comes into play. 

In essence, these batteries can be charged using your alternative energy generator while your home is under its output capacity. This results in banked electricity that can be used when your home’s demand exceeds that system’s output capacity. These batteries effectively act like a central power source, too, so they can also be used in cases of emergency.

These batteries can be expensive, as you might expect. However, in order to get the most out of your generated electricity you should consider allowing for them in your cost estimates.

Hybrid Systems

While considering which alternative energy source is right for your home, don’t forget that you can use more than one at once. Indeed, most experts agree that it is wise to use more than one of the methods listed above if you are trying to truly minimize your demand on a civic energy source.

Depending on where you live in the country, you may be able to mix and match several at-home electrical generation sources. This will result in a more consistent reliance on these alternative sources, even when conditions are not favorable for one or the other.

Naturally, following this route will raise your up-front and long-term costs associated with each individual system. But, over time, these costs should remain stable, leading to savings compared to the cost of traditional electricity. 

The Wrap Up

As you can see, you have a lot of options in front of you when it comes to changing your home’s primary method of electricity generation. Whether you’re switching to save money or move towards a greener practice, each of the methods mentioned above will help you achieve your goal to a greater or lesser degree.

If you still have questions about how to generate your own electricity at home, you’re not alone. Feel free to ask your questions in the comment section below and you’ll surely get a response from other users. Meanwhile, if you have experiences using any of these energy sources, please share them so everyone can learn from you!

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