Tuesday, 28 April 2015

Think Of Solar Energy When You Remodel

This steady increase in energy costs is making the use of solar energy in homes increasingly attractive. With everything in the home, from washing to cleaning, cooking, climate control, entertainment etc. all dependent on electricity, and new appliances becoming available every day, the demand for electricity will only increase. And while the demand increases, so do the costs. The price of electricity has been steadily increasing over the years and this trend will continue. Solar power for the home is the wave of the future to reduce utility costs, provide some degrees of insulation from grid power outages and to reduce a home's carbon footprint. The best time to add solar power to a home is during a remodel because the installation of the solar panels, wiring and other aspects of the conversion can be integrated into the remodel, saving of money and time.

The Advantages Of A Solar Powered Home
  • Solar energy is an excellent long term investment offering a 200% Return on Investment (ROI) over a period of 25 years. A CD will get you an annual return of 2.5% and even blue chip stocks will offer an average return of only 11%.
  • The value of your home increases significantly. On an average, the increase in the home's value will be around 20 times the annual electricity savings. In most states, the increase in property value due to the installation of solar power systems is fully exempt from property tax. In addition, should you ever plan to sell the home, studies show that the demand for homes with solar power is growing rapidly and they sell 15% faster than homes without it.
  • The life of a solar power system is 30 years and once the system is installed, there are no running costs and virtually no maintenance or upkeep required.
  • You can control your energy costs. Electricity rates, nationwide, increased by about 21% over the last 5 years. With fossil fuel supplies dwindling, the costs will continue to increase. With solar power you can insulate yourself from these increases.
  • It can happen that there will be times when your home produces more solar electricity than it needs. For example, during the day when the home is empty and power is being produced. At such times, it is possible to sell the excess back to the power company and have them pay you.
  • With blackouts due to grid failures increasing in frequency, either due to breakdowns or natural causes, having a solar powered home means that you will remain if not completely, at least largely unaffected by such occurrences.
  • By reducing your home's utilization of grid electricity, you are reducing its carbon footprint and are being a good eco-citizen.
Solar Power Is Not A Magic Bullet

The facts enumerated above and all the other positive information on solar power in homes makes it obvious that including a solar power system in a remodel makes a lot of sense. But many homeowners have unrealistic expectations of the results, leaving them feeling that the investment has not been worthwhile.
  • In many cases, a home will not be able to produce enough solar power to meet all its energy needs and some dependence on grid supply will remain.
  • In cloudy weather the electricity production will drop, resulting in an increased use of commercially produced electricity.
  • Unless batteries are installed with the system to store excess power during the day, solar electricity will not be available once the sun sets.
Even with these few drawbacks, the advantages of solar power are clear and incorporating solar energy into home remodeling plans is something that will begin to pay for itself from day one.

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