Posts Tagged ‘short term loan’

Solar Power Loans Prepared For Baltimore

Monday, February 14th, 2011

Getting solar energy is about to become a lot less costly. In Baltimore, homeowners and business owners will qualify for help with solar power. Md. homeowners and business owners will qualify for photovoltaic equipment loans. For 20 to 30 years of time, the photovoltaic panels are likely to be on loan from the CA company. Source of article - Baltimore, Maryland, to get short term loans for solar panels by MoneyBlogNewz.

The solar energy possibility for MD

There is a California-based company working in Baltimore right now. The goal is that there can be more solar energy used. When it comes to photovoltaic systems, homeowners and companies may have the chance of getting zero down loans and leases. The consumers will need to pay the loan over the course of 20 years, which will cost much less per payment than a short term personal loan. Customers may be able to decrease the amount that they owe if they hook up their photovoltaic systems to municipal power.

Solar energy information

The biggest barrier to most homes and companies switching to at least partial solar power has been cost. A basic solar energy system can cost more than $20,000. The tax credits will help the cost which is what some cities and states are using in order to have an incentive. A company in CA has decided to go private with this. This is SolarCity. For just a monthly fee, SolarCity will give people a photovoltaic system. Years are taken for the company to get its money back. Still, the short term loan is made for the equipment for the homeowners and businesses.

Solar power effects to see

Are customers making the right choice even though the power system is rented to SolarCity? It may be. City power is what the solar energy systems could be tied into. Then, the power business can buy back excess power. There is going to be savings on the power bill. You just have to balance this with the cost of maintenance and installing of a solar power system. With high power rates, it can be worth paying the short-term loan of equipment.

Articles cited

Baltimore Sun

articles.baltimoresun.com/2011-01-24/business/bs-bz-solar-lease-20110124_1_photovoltaic-systems-california-firm-leasing

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New Moore Island | one more island sinking into the sea

Wednesday, April 7th, 2010

While it may be getting the media attention, New Moore Island is just one of dozens that are sinking into the sea. New Moore Island has long been the center of a land dispute between India and Bangladesh. Though residents have taken a short term loan of living space on other shores, the issue promises to only get worse. The dispute over New Moore Island is bringing media attention to the rising sea claiming more land then every before.

New Moore Island by any other name

New Moore Island is a relatively small piece of disputed land - less than 3 square miles. India claims that New Moore Island falls within their maritime borders, and therefore is Indian. The government of Bangledesh calls the island South Talpatti and also claims it. There have never been any permanent settlements on New Moore Island. The Bhola cyclone in 1970 actually revealed New Moore Island / South Talpatti, which is what started the conflict. India had at one point established a base on South Talpatti / New Moore Island, but international opinion was split on the question.

Rising sea levels engulf New Moore Island

The School of Oceanographic Studies in Calcutta reported to the BBC recently that New Moore Island had been entirely engulfed by rising sea waters. Confirmed by local fishermen and satellite pictures, New Moore Island is officially no more. Before the year 2000, sea levels in most of the world went up by approximately 3 millimeters a year, but between 2000 and 2010 sea level has risen at about 5 millimeters per year. Where New Moore Island sits, in the Sundarban Island Chain, sea levels have been rising at the rate of 3.14 centimeters a year. Four islands of the Sundarban chain sunk before New Moore Island.

More island nations might sink

New Moore Island and the Sundarban Island chains are not the only islands at risk of sinking into the ocean. The Maldives, an island nation in the Indian Ocean, has been losing land mass to the sea for years. Top elevation on the Maldives is only 8 feet above sea level, so even a high tide can wreak havoc. In response, the government of the Maldives has been building Hulhumale, a man-made island, for residents to emigrate to. In the Pacific Ocean between Hawaii and Australia, Tuvalu is also in danger of sinking. Experts estimate that Tuvalu’s 11,000 citizens will have no home in as little as 50 years. Each year, 75 Tuvalu residents can use military personal loans to move to New Zealand - but many more are left behind. Tonga, Kirbati, and the Marshall Islands are also at risk of disappearing just like New Moore Island did.

 

Can the islands be saved?

Most scientists agree that there is no definitive way to measure the cause of small islands sinking into the sea. Islands can rise and fall in addition to the fact sea levels regularly change. There are also arguments about if the increased water levels are due to global climate change or natural variations in the climate. There is no way to really stop an island from sinking into the ocean, though, so islands like New Moore Island are being forced to find solutions.

 

Sources:

Times of India

BBC News

Wikipedia

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