The Economics of Water Tanks on Your Property

In many parts of the country, water is one of the most precious resources. Obviously, it is precious everywhere, but in certain areas, it is also limited. That makes it even more precious. The limited amount of water could be due to the number of people in a particular area, the number of functioning pipes in your area, or just sheer lack of rainfall. The amount of rainfall is especially troubling for anyone in an agricultural field who relies on rain to feed crops or hydrate livestock. Obviously, you have to keep watering your plants and animals, so that means you have to pipe in the water from the municipality. It will cost you significantly more money than if there was a sufficient amount of rainfall. Furthermore, you place extra stress on the municipality to supply you with water. That could have the trickle-down effect of forcing water prices upwards, and creating shortages elsewhere. To remedy that, you need to think about collecting your own water.

Collecting Your Own Water

Collecting your own water is one of the best ways to get around the severe limitations of relying on municipal water. Municipal water is especially unsuited to the tasks of agriculture. Collecting your own water is very simple, although in some states, there are regulations about who can collect water and how much. Most of those restrictions have been lifted to allow for more control of resources by local industry and farmers. The process is very simple.

Corrugated water tanks collect rainwater that falls on your property. They will then have pipes that connect them to certain elements of your home, or business. For example, you could have your tank connected to an irrigation system with a mechanical motor. You turn on the motor and it pumps water from the tank through an irrigation system. The advantage is that water does not evaporate as quickly if it’s in large amounts. So, you can collect the water while it rains and it will also feed your crops. Then, when rain is scarce, you can irrigate with the collected rainwater.

The Economics

The economics of the decision are very clear. You have to compare the amount of money you spend on a tank to the amount of money you will save buying significantly less water from the city. Furthermore, you have to consider that many states, or local towns, have serious incentives for buying tanks. The amount of money and fuel that is required to treat water, and pipe it to different homes and businesses, can be a serious drain on local towns. Part of the problem is that they have to treat all water as if it’s drinking water, even if you’re just using it for your crops. So, they save a lot of money if you don’t buy as much water from them. That’s why they offer incentives. The incentives come in the form of tax credits, as well as tax deductions, it depends on your state and what sort of incentives it’s pushing at the time.


 

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