Natural Energy as Income?
I was sitting around with a friend of mine and we were contemplating the break even point of natural energy, wind, solar, water and so on. I think I will be really looking into this and I am totally open for discussion from people who have far more experience on this topic than I have. I realize there will be an initial investment for the property and “hardware” needed to create energy. Our concept is that there is eventually a break even point taking into account these items:
- Cost of land needed for “break even point”
- Cost of materials needed to produce clean energy
- Maintenance
- Annual property taxes
I assume I have missed a lot of other hidden costs. Here is the general concept.
Buy enough land to produce solar, wind, water or other natural constant energy (this will obviously have to be a combination of technologies) to pay for the properties monthly expenses including maintenance and selling excess power produced to the local or state electric provider. In theory there is a break even point and there is also a point where you can have a “passive income” produced.
This is most definitely a topic that I am not an expert on but it is still a topic that I am interested in. Anyone have an idea of where the break even point is?
