The shutdowns meant to slow the spread of Covid-19 have also slowed the economy and experts expect that shutdowns will continue to affect the economy. The U.S. is now anticipating an immediate recession as a result of the restrictions on business operations. While the economy could recover more easily from an outbreak-induced recession than it would from a gradual recession, the future is still uncertain.
As businesses take a hit to their profits, individuals are experiencing unpaid leaves, cut hours and even layoffs. People everywhere are being forced to consider their finances for the near future. Regardless of the state of the economy, we still need essentials like electricity.
During this pandemic, many of us have realized that a sustainable lifestyle with alternate energy sources and harmless lifestyle choices is what we now depend on. Recession may not be the only threat that we are expecting as an outcome to this pandemic —the rise of air pollution and climate change picking up at a faster pace are also expected for life after the coronavirus lockdowns.
With Alternate Energy becoming a popular choice for US citizens, thankfully, electricity is one of the few expenses that you can have more control over. Solar power is a great way to generate your own electricity and offset your energy bills. It’s an excellent alternative to the unpredictable inflation of traditional energy costs. Creating financial sustainability is the most practical solution to prepare for economic uncertainty. Besides the financial comfort that investing in solar energy brings, you can sleep well at night knowing that you are choosing a lifestyle that is helping our environment by decreasing your carbon footprint.
Since solar is an unlimited and abundant energy source, it’s the most dependable option. No matter what goes on in the world, the Sun will continue to shine, solar panels will continue to absorb and convert that energy into usable electricity. Investing in a solar project provides the owner with consistently lower energy bills. Solar systems are designed to last for decades, which means that this stability is a long-term solution. What’s even better is that once a system has paid for itself with these savings, the electricity it produces earns you a profit on your investment. It could even save you money on your income taxes with the Federal Tax Credit offered on renewable energy systems.
Whether it’s to keep your business on a steady budget or light your home when local grid power isn’t an option, you can rely on the Sun in any situation. Preparation will help in the long run, but the most important thing right now is to follow safe practices and stay healthy. When the stress of COVID-19 is over, and you can slowly come back to normal life, make sure your normal life after the lockdowns is a sustainable one. The next concern can be to create a stable financial plan for yourself for when the economy starts back up.
Reach out to the YellowLite team to learn more about the benefits of renewable energy!
Call us at 216-333-1364
