Tag Archives: solar value

5 Common Myths about residential solar

The Department of Energy’s SunShot Initiative has been promoting the adoption of residential solar power, and as of May 2016, there are more than more than 1 million solar installations generating electricity in the United States.

Will solar add value to your home?  Contact the appraisers at http://www.scappraisals.com for your home value questions.

On the DOE blog, Odette Mucha, Technology Manager for the SunShot Initiative, debunked the top five myths about residential solar power that may be keeping homeowners from moving forward.

1. SOLAR PANELS ARE TOO EXPENSIVE
  • In 42 of America’s 50 largest cities, financing a residential solar energy system actually costs less than purchasing electricity from a customer’s local utility. Studies show the cost of going solar has dropped every year since 2009. If you’d like to purchase your solar energy system, you don’t have to buy it in cash — there are a number of different financing options. Fannie Mae’s new HomeStyle® Energy mortgage is a mortgage option that gives borrowers the ability to complete clean energy upgrades up to 15 percent of the current appraised property value of the home. If you don’t want to take out a loan, third-party owned systems allow you to host solar energy systems that are owned by solar companies, then purchase back the electricity generated on your rooftop, while allowing you to lock in your electricity rate for years.
2. YOU CAN’T SAVE MONEY GOING SOLAR
  • Solar brings great potential to save money on your monthly utility bill. The amount you save depends upon how much electricity you consume, the size of your solar energy system, and how much power it is able to generate. The monthly amount owed on a solar loan is typically less than an average utility bill, and leased systems allow you to purchase the electricity back from a solar company at a discounted rate, which is often less than utilities charge customers. With utility bills trending upward, solar is likely to remain a good money-saving option for years to come.

read more at: http://www.proudgreenhome.com/articles/busted-5-common-myths-about-residential-solar/

 

Choosing the right-sized solar energy system for your home

solar

Solar energy is growing in popularity, especially as solar equipment prices fall and the cost of electricity continues to rise in most parts of the country.

Let’s assume that you have decided to go solar. The next question you may be asking is “how do I choose the right size solar photovoltaic (PV) system for my home?”

Will solar add value to your home?  Contact the appraisers at www.scappraisals.com for your solar value needs.

In addition to determining how much solar energy you can produce where you live, there are a number of other factors to consider, such as the amount of electricity you use, the size, orientation and design of your roof, and the state/municipal/utility policies that affect the cost of going solar.

Ultimately, a qualified solar installer will need to come to your home and go over the particularities of your situation with you, but it’s always a good idea to have a better understanding of the situation before this stage, so that you can follow the discussion and ask the right questions.

Electricity Use

One of the first things to consider is how much electricity you typically use, and how it varies with the seasons. For example, do you have an air conditioner that runs at full blast in the summer, or do you heat your home with electric baseboard heaters during the cold winter months?

The most accurate way to calculate how much electricity you use is to dig up your utility bills for the past 12 months (or longer if the past year was unseasonably warm or cold). If you don’t have your bills on hand, you can use our Power Consumption Calculator to estimate your electricity usage.

read more at: http://www.motherearthnews.com/renewable-energy/choosing-the-right-size-solar-energy-system-zbcz1604.aspx?newsletter=1&utm_source=Sailthru&utm_medium=email&utm_campaign=04.22.16%20MEN%20GEGH%20eNews&utm_term=GEGH%20eNews

Disclaimer: for information and entertainment purposes only

Assessing Whether Solar Panels Make Sense for You

As  reported in The Times, legions of companies will offer to install a system at no upfront cost and promise customers cheaper, cleaner electricity over the course of 20 years. Some are small and local, while others, including SolarCity, Sunrun, Sungevity and SunEdison, are larger, with national or even international reach. Some large manufacturers, like SolarWorld, even offer financing plans for home installations.

Contact the appraisers at www.scappraisals.com for your solar value questions.

For residential customers, the deals can seem attractive. The company arranging the financing for the system usually owns and operates it, selling the electricity back at a rate generally lower than what the utility would charge. Depending on the company and the state, the details vary. In some cases a customer pays a preset rate for the electricity used, known as a power purchase agreement. In others, the customer leases a system, paying a set monthly charge for a guaranteed amount of power.

Part of the appeal here is that customers can not only reduce their energy costs but fix them for a long period of time, avoiding the unwelcome surprise of a suddenly high bill because, say, natural gas prices have shot up again. Customers also avoid having to figure out how to claim the various incentives and benefits for which they qualify as a renewable energy producer.

But there are some things to look out for. Going solar does not mean going off the grid. A typical roof array will not handle all of a home’s electricity needs since it produces power intermittently. So customers will still get a bill from the utility, though probably a much smaller one. Many contracts also have escalator clauses, with the payments increasing over time, so it is important to determine if your energy costs are likely to go up or down if you were to stick solely with the utility.

Read more at: http://green.blogs.nytimes.com/2012/05/09/how-to-assess-whether-solar-panels-make-sense-for-you/#more-140266

Disclaimer: for information and entertainment purposes only