Powering your home with green energy doesn’t mean building in your backyard a windmill; because your run-in-the-mill power company can provide power generated by wind, sun and even piles of garbage. But despite the retail value of garbage, most green power will cost you more than conventional power. While the price per kilowatt hour (that’s how they measure energy – is typically just a fraction of a penny more, the price can potentially raise your bill by anywhere from $200 to $1000 a year. (Though some programs – such as the Bandera Energy Cooperative in Texas – will actually lower your bill.)
Be aware: the electricity entering your home will not be more pure or more clean — you will receive the same electrons as always. See, these electrons travel through wires from a central power grid controlled by your power company. That company uses coal and gas to generate the electricity it sends to your home for lighting and toasting things. When you pay for green energy, however, the power company will take your extra money and pay the premium to fuel their power grid using solar or biomass or garbage.
Basically, it’s not like buying organic vegetables – it’s more of an environmentally philanthropic move. Your premium does a small part to save the earth. But wait – if you get your friends, neighbors and other neighborhoods to join, not only will everyone participate but – as economic theory dictates – prices will decline.
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