Sunday, October 18, 2015


One easy way to free up more cash for investing is to save on regular monthly expenses.  Recently I've been looking for ways to save extra money on utilities.  One easy way I just discovered is plug in solar power.  What is plug in solar power?  It's just what it sounds like.  It's pretty much an out of the box solar system that you plug in to a wall socket in your home, like any other appliance.  However, with the plug in solar system you're producing energy to use in your home and slowing down the metered energy from your electric provider, so you're reducing your monthly utility bill.  

I found a really simple, easy to install system at  They have a 240 watt plug and play solar system for $799 which would provide substantial savings on your monthly electricity costs.  The system also qualifies for a 30% Federal tax credit, which can help defer the cost of purchase.  I'm thinking that the monthly savings and the tax credit would make purchasing the unit a great idea for reducing regular monthly expenses.  If you take the money you save each month and invest it in a dividend paying stock, you'll recoup the money to pay for the unit even faster. 

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