Concluding my theme this week of being good for goodness sake is Renewable Energy. I’m quite sure everyone knows what renewable energy is. It is basically energy that can be generated from on-going natural processes such as solar, wind, and tidal energy.
President Obama is promoting clean energy as a way to generate innovation and jobs, and to reduce dependency on foreign oil. I can get behind that. The US government is investing in renewable energy through incentives to advanced energy equipment manufacturers, alternative fuel research for vehicles, smart grid, and more. You can read more about the white house’s position on energy and environment here.
What does this mean to an average guy like me who is trying to retire early? I support renewable energy and would like to use clean electricity in my home if the cost is reasonable. Fortunately, Pacific Power offers a program that enable customers to purchase renewable energy. Here are the details below.
“Once you enroll in the Blue Sky program, Pacific Power purchases renewable energy credits from newly developed renewable energy facilities. The electricity from these facilities is delivered to the regional power grid.
100% renewable energy to match your electric use – includes on average a blend of 79% wind from the Western region and some national sources, 17% biomass and 4% geothermal from the Western region.”
Of course the electricity that I’m using to type this post is not all from windmills since everything is mixed in the grid. Still, I’m feeling good about doing my part to move the country toward a clean energy future and it really doesn’t cost all that much.
Our November electricity bill was $57. The Blue Sky program cost us $6.44 out of the $57. That’s not too expensive, but I should look into balanced billing so my bills will be more even throughout the year. It only about a fifth of my monthly public transportation reimbursement. So Santa, I think I made my case. I deserve a nice pair of noise cancellation head phones so I can deal with the noisy humanities on the train. I’ll have milk and freshly made chocolate chip cookies waiting for you next week.
Am I a sucker to be paying an extra 10%? I prefer to think I’m investing in the good old US of A for a cleaner brighter future.
For 2018, Joe plans to diversify his passive income by investing in US heartland real estate through RealtyShares. He has 3 rental units in Portland and he believes the local market is getting overpriced.
Joe highly recommends Personal Capital for DIY investors. He logs on to Personal Capital almost daily to check his cash flow and net worth. They have many useful tools that will help every investor analyze their portfolio and plan for retirement.
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