“Chains of habit are too light to be felt until they are too heavy to be broken.” -Warren Buffett

Passive Income with Solar Power

Free energy from the sun

One of the biggest ways to live the debt free life is by owning your life. Own your car, your home, your purchases, your decisions and so on. We've chosen to make this our reality over the last 12+ years by living below our income, aggressively saving and paying down our only debt (student loans) and making choices for sustainable living, where there is long term financial benefits to be gained.

We are in the process of installing solar panels on our home late this spring. Over about 9.5 years, with the assistance of a $10,000 grant available locally, these panels will have covered the cost of purchase and install through electric savings and should continue to produce for many years beyond that. Add to that the benefit to the planet and how could we go wrong?!

I'll update as we have the panels installed and start to reap the benefits, as we move towards a sustainable, low cost life! The more we reduce our dependence on things like electricity from the grid (especially since we have among the highest electric rates int he country), the less income we need to continue to live the life of our dreams!

Do you have solar panels? Would you ever consider off-grid living? Tell us your experience in the comments!

No comments:

Post a Comment

Thanks for engaging in conversation with us!