Why Solar Matters To Me (Part 2- Energy Independence)
In my previous post I discussed how economic factors have influenced why solar matters to me and my family. Today I will outline how solar supports my desire for energy independence.
NM is uniquely positioned to be a clean-energy leader in the United States. We have an abundance of open space that could be utilized to take advantage of our ideal solar climate. Despite this, solar is a very small part of PNM's energy portfolio because they are a monopolistic corporation that seeks out the cheapest options (i.e. coal) to maximize profit.
PNM is the largest energy producer in New Mexico with a market capitalization of $3.28 billion. The top five executives are expected to have earned $8.66 million for 2016 with the CEO receiving $4.118 million alone. Those astronomical compensation rates are supported by the seemingly-endless rate hikes that we as consumers have been subjected to over the years as well as questionable billing practices paid for by tax payers for work done for the City of Albuquerque.
Solar power will allow me to take control of my electricity production so I no longer have to provide financial support to this greedy monopoly. I no longer have to sit back helpless to the out-of-control rate hikes. I no longer have to pay exorbitant rates for dirty coal energy. I no longer have to sacrifice financially to help pay millions of dollars of executive compensations. I no longer have to be a victim of another greedy corporation. Solar gives me the ability to have energy Independence for my family.
Please look out for my next post in which I will discuss how environmental factors influence my decision to go solar. In the mean time, if you live in the Albuquerque and surrounding area and would like to learn more about going solar from one of the fastest growing Albuquerque solar panel installer, please give us a call at 505-415-6172 or Click Here to schedule a free consultation. NM Solar Group is here to help!
Why Solar Matters To Me (Part 1- Economics)
My name is William and I am the Business Development Manager at NM Solar Group. I have been interested in solar power for many years. I remember in elementary school going to an assembly in the cafeteria and learning about solar power and being in awe that I could one day power my own home like the astronauts in space. Of course this was the 1990's and solar PV systems were very expensive and the technology was a long way away from where we are today. Later, I dove deeper into my appreciation of solar power while taking classes in sustainability studies at UNM. Years have passed since those days and I have seen countless families (including my own grandparents) embrace solar power for their homes. I will be embarking on an ambitious solar system for my own home in the near future (look for a blog post chronicling the progress of that down the road) so it seems pertinent for me to explain why solar matters to me.
Solar just makes sense economically these days. With electricity rates continually on the rise and an ever-increasing demand for power comes an unsustainable expense for my family. It seems like for every step forward we make in terms of energy efficiency improvements (like LED bulbs replacements for CFLs and lower power requirements for TVs and computers) we take several steps back by adding new sources of power consumption (smart home devices, alarm system, cameras, and every new toy my son gets that all seem to require power for some reason). If we cannot reduce our consumption and rates keep increasing, our only solution is to take control of the power production side of the equation. We can install a modern solar PV system on our home, utilize a 30% federal tax credit, have a lower monthly payment than we are currently charged, and will own the system in 15 years (or less if I pay it off early as I plan to). The remaining life of the system (25-40 years) will cost me nothing except a small connection fee to PNM. These factors contribute to a solid return on investment for my family.
In my next posting, I will discuss my desire for energy independence. In the mean time, if you live in the Albuquerque and surrounding area and would like to learn more about going solar from one of the leading Albuquerque solar companies, please give us a call at 505-415-6172 or Click Here to schedule a free consultation. NM Solar Group is here to help!