Thursday, January 15, 2009

Make money by selling electricity

First of all, I apologize for not posting in a long time. I write these as they come, and like I mentioned earlier, money is not an easy topic to write about especially on making them.

This idea actually requires technical knowledge and can be dangerous if not done by a professional. The idea is to sell electricity back to the electric company. Bet you didn't know you could do that, did ya? Yes there is a law in USA that states that if the household produces electricity, the company must pay them. Of course the pay is not that great, but the more you produce the more you make, right? You would have to check with your electric company to see their rates and restrictions on this matter.

Now what you need to get started is some source of electricity, example would be solar panels, or wind turbine. Next you need something called Grid-tie inverter. You can google to see what it is and how it works, since its beyond the scope of this post and blog.

Till next writeup, hopefully you learned something.