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Energy Investment

Is Solar a good Invesment?

With energy costs on the rise and all of the government incentives in place, it’s increasingly difficult to make the case that installing a photovoltaic solar system won’t pay for itself. With warranties of 25 years and abundant proof that earlier-generation systems are still generating  kilowatts long after that many years, not to mention net-metering laws in place that require the local utility to purchase the excess power they generate, it’s pretty hard to make the case that solar isn’t a sound investment.

Solar power is also an attractive investment due to the added value it gives a home. With the housing market slowing down considerably a solar power system definitely helps add to the desirability and resale value of a home. A home with a fixed electric bill from solar is less expensive to live in, and thus is very appealing to potential buyers.

Meanwhile, though more and more evidence suggests that homebuyers are increasingly energy-conscious. Developers such as Green Mode Designs ,Lennar and Beazer Homes have been incorporating green features, including solar energy panels, into their upscale developments. In addition, some real estate agents now focus on serving clients concerned with minimizing their impact on the environment and steer them to homes that offer renewable energy systems.

According to the Appraisal Institutte, energy saving measures such as solar can add $20 of home value for every $1 of yearly energy cost savings. And, according to a survey by the environmental group , 84% of homeowners said yes to the question “If you were to sell your home, do you think the solar PV system would be a selling feature?”

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One Comment to “Energy Investment”

  • LUV YOUR BLOG VERY SIMPLE AND UNDERSTANDABLE.

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