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Michelle LaBrosse
Published: Monday, April 12, 2010 - 09:30
April 22 is the 40th anniversary of Earth Day. What better way to honor Earth Day than to develop your own renewable energy project? As a project manager, you have the skills to reduce your energy costs and even become energy self-sufficient. All it takes is planning, and that’s something you’re very good at. Let’s get started.
First, let’s look at the lexicon. What’s the difference between renewable energy and alternative energy?
Renewable energy generally refers to energy sources that are natural, continuous and large, such as solar, wind, hydro, geothermal, and certain biofuels.
Alternative energy, in its broadest sense, is any type of energy used to replace a different source of energy. However, most often, the term is used to mean energy that has replaced another source because of negative consequences of its use. For example, when coal is used to replace oil. More recently, alternative sources have included bioenergy and biofuels such as palm oil or ethanol.
For many of us looking to reduce our dependence on traditional sources of energy, the three energy sources to begin with are solar energy, wind, and geothermal. I’m going to focus on solar and wind because I’ve been working on both of these on two different properties I own.
Solar energy is power from the sun. The good news is that once a system is in place, you have a vast and inexhaustible resource. After your initial investment, the fuel is free and will not be subject to the ups and downs of energy markets.
Depending upon where you live, you can calculate an average of how much energy you could produce a day. Below is a map from the National Renewable Energy laboratory that gives you a visual sense of the concentration of solar resources in the United States. This doesn’t mean you have to be in the West to benefit from solar energy.
If you’d like a step-by-step guide to getting started with Solar Energy, you can download a free guide from Cheetah Power, an educational resource focused on energy self-sufficiency. It breaks down all the information that you need and will help you jump-start your energy project.
I have been working the renewable energy scenarios on my Connecticut property for a year. When I started, the state of Connecticut was no longer doing the individual incentives for solar power. While I was in the process of installing a 6 kW solar system, the state reinstated its program. I put my project on hold, applied for the rebate and was awarded a $9,071 rebate for my 6 kW system based on the amount of energy it’s going to generate (which is pretty close to 9,071 kWh per year). So, make sure you check out what kinds of incentives your state is offering.
To increase the amount of power my panels were going to create and get the maximum rebate possible, I had to chop down just one tree (in a stand of about 10 other trees).
I reran my payback analysis figures based on my most recent data. It is going to cost me a little more than $28,000 to install the 6 kW solar power system, and it will pay for itself in 15 years.
Based on what else I could be doing with that money, this will generate a 4.5-times better return over 20 years than anything else I could be doing with my money right now. Even compared to the safest place to park your money—U.S. Treasuries adjusted to keep up with inflation—the solar panels still generate a 2.3-times better investment.
Wind energy is the fastest-growing source of electricity in the world and is poised to play a major role as we move toward a sustainable-energy future. In 2008, more than 27,000 megawatts (MW) of new capacity were installed worldwide. This stands as a 36-percent increase in annual additions compared with 2007, representing $51.5 billion in new investments. The United States installed a record 8,500 MW of wind power in 2008, capable of producing enough electricity to power more than 2 million typical homes. In fact, in 2007 and 2008, more wind power was installed in the United States than in the previous 20 years combined—a $27 billion investment, according to the article, “How Wind Energy Works” on the Union of Concerned Scientists’ web site.
So, how do you get started with wind? The first thing you want to do is a wind feasibility study. Here’s how you can do one for your property.
I am currently working on developing a wind-farm concept in Haines, Alaska. Depending on the size of the wind turbines, this wind farm can create from 9 to 18 MW of power. The town right now only uses 3 to 4 MW of power. The extra power could be used to create a hydrogen refueling station for a fleet of fuel-cell powered fishing boats at the small boat harbor. If you want to follow the status and learn along with me, visit my energy blog at www.cheetahpower.net/blog.
We’ve all been jealous of that Energizer Bunny and wanted some of his battery cells in our own back-pack. But what I’ve learned in my own exploration of renewable energy is that it has given me more personal energy and power over my destiny. You can have power over your power, too. You just need to get started. Begin your project plan, and by next Earth Day, you’ll have a new success to celebrate. Power up!
By the way, if you want to energize your career credentials, use promocode earthday2010 and take $100 off the regular tuition of Project Energy Independence Certification. It is a 35-hour online course that teaches you how to assess your current energy usage, ways you can cost effectively and efficiently reduce your energy usage without making significant lifestyle changes, various alternative-energy options that are right for your situation, and implementation strategies for your own energy self-sufficiency program that will help you create a more secure future. And, once you’ve done that, you’ve just added personal experience with sustainability to your resume. You’ve helped yourself personally and professionally with one course.
Quality Digest does not charge readers for its content. We believe that industry news is important for you to do your job, and Quality Digest supports businesses of all types. However, someone has to pay for this content. And that’s where advertising comes in. Most people consider ads a nuisance, but they do serve a useful function besides allowing media companies to stay afloat. They keep you aware of new products and services relevant to your industry. All ads in Quality Digest apply directly to products and services that most of our readers need. You won’t see automobile or health supplement ads. So please consider turning off your ad blocker for our site. Thanks, Michelle LaBrosse is an entrepreneurial powerhouse with a penchant for making success easy, fun, and fast. She is the founder of Cheetah Learning and a prolific blogger whose mission is to bring project management to the masses. She is a graduate of the Harvard Business School’s Owner/President Management program and holds engineering degrees from Syracuse University and the University of Dayton. Cheetah Learning is a virtual company with 100 employees, contractors, and licensees worldwide. More than 50,000 people have used Cheetah Learning’s project management and accelerated learning techniques.Power Up Your Power
Celebrate Earth Day with your own energy project.
Renewable energy
Alternative energy
Solar energy
A solar case study in Connecticut
Wind
Become your very own Energizer bunny
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Michelle LaBrosse
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