Mike's eco-home...Ya gotta be rich to do it? Eco-homes have to be somewhere in the woods? It's too hard?
No, Mike says. He bought a two-story bunaglow built in 1915 close to the Takoma Park metro in MD. With an home-equity loan of $7,500, he was able to convert his home within six months to a nearly 100% energy free home. Sometimes, his home produces more electricity than he needs, and he sells the surplus to Pepco's distribution system!
"WHAT I BOUGHT
- 1.5 kilowatt photovoltaic system (partially installed by author): $3396
-CO2-neutral corn-burning stove: $2400
-Solar hot-water system (used): $1,000
-High-efficiency refrigerator: $750
-20 compact fluorescent light bulbs: $140
HOW I PAID FOR IT
-$7500 ten-year home equity loan at 7% interest rate. Monthly payment: $87.
-Monthly energy savings: $57.
-Final cost of converting our house almost entirely to renewable energy: $1 per day (until loan is paid off.)"
For Mike's story on how he converted his home to an eco-home: http://chesapeakeclimate.org/pages/page.cfm?page_id=47
Washington Post article on Mike and his place: