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A lot of countries are dependent on petroleum to power vehicles and even
electricity. However, petroleum-based products are fast depleting,
causing the demand to go up. In this condition, the price also becomes
steep. Soon, countries would have to pay more for their fuel consumption,
which could mean spending a good bulk of their coffers for these
commodities alone. This is one of the reasons why one has to look on the
other side and start considering alternative fuels. What are alternative fuels? These are the types of fuels that could run engines and appliances without having to worry their depletion. This is because they can be replenished anytime. If they are adapted by countries, they would soon be free from the bondage of high oil prices, and they would be able to save the environment in the process. With alternative fuel, you can enjoy the following benefits: Tax Rebates and Incentives As a way of encouraging people to use alternative forms of energy, the government is offering plenty of incentives. For instance, you can enjoy at most $2, 000 tax credit if you're going to install solar panels in your home and use sunlight as electricity. Buying Toyota Prius or a new hybrid car will get you $3,000 tax credit. For an average individual, these tax credits are already huge. You can use your cash for your other needs. If you want to know more about the incentive scheme, make sure that you can talk to an IRS officer. Long-term Savings One of the reasons why some are apprehensive in shifting to alternative fuel is because of the upfront costs. Admittedly, they don't come cheap. Installing a solar panel alone would cost you more than $20,000. However, along the way, you won't have to spend more and instead save money. You won't have to pay to any electrical company. You are spared from the fluctuating prices of oil. You can even earn more, as some towns are willing to pay those who can also provide additional energy. Hybrid cars, which run through the use of electricity, can be pretty expensive. Nevertheless, you have tax credits. You also don't have to stop by and refill any fuel. You can even increase your mileage. Environmental Protection One of the biggest benefits of using alternative fuels is environmental conservation. With them, you can bring down the level of pollution, especially in the air. You can then minimize greenhouse effect. Moreover, with reduced pollution, you would have clean air. People, especially children, would be less prone to respiratory illnesses. Better Conservation of Your Vehicle The good thing about biodiesel, one of the alternative fuels, is that you it doesn't cause any damage into your vehicle in the long run. Rather, it will try to improve its performance by making sure that your engine parts are well lubricated. You may also store the fuel right inside your home, since it is not a toxic agent. Even when you get to inhale it, you won't have to suffer any aftereffect. When you get to spill it, you simply have to wait for it to dry. This one is considered biodegradable, so it doesn't have bad effects on the soil. |