Solar energy is really a green energy power source because it is a renewable energy resource also it doesn’t cause any harm to the environmental surroundings. This is done by converting sunshine into electricity with the help of large solar panels.

You will find three basic approaches to the way we may use this type of green power source namely passive, active by using PV cells.

Whenever we refer to passive solar energy, nothing is converted. What happens is the building’s design helps avoid heat loss and gets the most out of the sun shining during the day.

So people can see the awesome power of solar power, did you know a kilowatt of solar energy can produce 5.5 hours of electricity per day. If you have more solar cells in place, naturally you will be able to produce enough capacity to last a few days.

Solar energy is just one form of green energy source around. Over time, we now have learned to tap other resources and these these include wind power, geothermal energy, hydroelectricity and biogas. These types of energy are all safe by with such more often, we don’t need to rely on oil the industry for nonrenewable resources.

To make this happen, we must persuade our law makers to advertise using such resources. Even though you hear speeches right and left regarding their concern for the environment, it’s all talk and never much action. It is something that needs to change.

Two countries that have increased their solar usage are actually Germany and Japan. Spain, France, Italy and South Korea are next within the list but where’s America? Well, something is definite and that it is not within the top ten despite the fact that it’s an industrialized nation.

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Let’s turn to financing in this edition of Green Products. Why financing? To go green, someone has to pay the initial costs, and sometimes these costs are high. With some of the current economic challenges, here are some thoughts

First, how is the seller/manufacturer of green products affected during a downturn? Businesses that produce alternative energy/green products are facing the same (if not more) pressure than the average consumer. This means that most alternative energy businesses will be more willing than ever to negotiate price, and may have discounts or incentives in place.

Second, what effect has the American Recovery and Re-investment Act of 2009 had on renewable energy? One area of focus covered by the new law is renewable energy and the development of new technologies and green products. It improves the 2008 tax credit already in place and removes “cost caps”.

With this new law in effect you can realize a 30% tax credit when you install an alternative energy source in your home or business. If you own a small business, you also have an option to get cash in the form of cash grants instead of the tax credit.

One of the great things about all this is the money that you will save for years after your initial investment is recapture using green products. For example, solar energy is passive and requires little maintenance unless you use a battery store (then all you have to do is schedule the replacement of batteries every five years).

At last count, 30+ states offer tax incentives, rebates and cash-back programs. The cash back programs require the utilities to reimburse you when you generate more electricity than you use.

This is a win-win situation for everyone involved. You get cheap electricity, the local business get installation contracts, the manufacturers sell a great product, the government gets payroll taxes and doesn’t have to pay for unemployment, and the environmental impact has been reduced with the use of green products.

Michael