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A new study investigated home pricing trends in various states, including California, and found that buyers are willing to pay more for a home with solar panels. The study analyzed 20,000 home sales in the states of California, Massachusetts, North Carolina, Connecticut, Florida, Maryland, New York and Pennsylvania.
According to the study, each watt of solar adds around $4 to a home’s value in California. Hence, a 5 kilowatt (kW) solar system (the national average) would add $20,000 more to a home’s value. In contrast, homes in other states garnered about $3 per watt, so a 5 kilowatt (kW) solar system would add about $15,000 in value.
This report proves that if you sold your home almost immediately after installing solar, you could recoup most or all your investment. The report also showed that the premium that buyers were willing to pay was not hugely affected by the size of the PV system, meaning that so long as the home had solar, they’d be willing to pay some sort of premium.
Mature solar markets like California have local real estate agents, lenders and appraisers that understand the value of solar. Having documentation such as electric bills and solar installation warranties are an added selling point, assuring buyers that the premium they’re paying is well worth it.
A solar power system is a great investment to reduce your future utility bills, it is also a great investment for the value of your home. If you are considering solar power, Aztec Solar is Sacramento’s leader in solar power technology and installation.
We believe that together we can create a brighter future and stronger planet. Our award-winning customer service representatives assist tens of thousands of customers each year. We offer in-house solar water heating, solar pool heating and solar electric experience for all applications. Read some of our testimonials and find out why Aztec Solar is the most trusted name in solar installation.
If you’re interested in solar installation, please contact us at 916-853-2700 to learn more.
A historic moment took place earlier this week when the California Energy Commission unanimously voted to require all newly developed homes to have some form of solar power.
The requirement will go into effect in two years, requiring California new home builders to either make individual homes available with solar panels, or build a shared solar-power system serving a group of homes. The rooftop panels can either be owned outright and be absorbed into the price of the home or made available for monthly lease, as detailed in The New York Times.
Solar capability is a selling point and the extra cost to home buyers will be made up by lower energy bills. For example, for a 30-year mortgage, the added cost of solar installation will add about $40 to an average monthly payment, but save the home buyer about $80 on monthly cooling, heating and lighting electricity use, according to The New York Times.
The new requirement is expected to boost California’s already hot solar market. On average, the state builds 80,000 new homes a year, 15,000 of which have solar installations. At the current rate of home building, the new requirement could increase the annual number of solar installations by a whopping 44 percent.
The California Public Utilities Commission currently has a strategic plan in place to require newly constructed homes to have net-zero energy needs by 2020. Meaning, they produce electricity on their own, with no need to buy it from the power grid. Eventually, California aims to have at least 50 percent of the state’s electricity to come from non-carbon-producing sources by 2030.
Research has shown that the combination of energy-efficiency measures and solar power reduce the cost of owning a home. As a result, solar power has become not only a big part of California’s alternative energy initiative, it has also become a key goal by the U.S. Department of Energy to integrate renewable energy into the nation’s electricity grid.
Recently, U.S. Secretary of Energy Rick Perry pledged to give $105.5 million in funding to support about 70 projects aimed at advancing both solar photovoltaic (PV) and concentrating solar thermal power (CSP) technologies.
The recent solar power initiatives by the California Energy Commission and the Department of Energy could further the possibility that 80 percent of the country’s energy needs are met by renewable energies, helping to ensure the preservation of the environment for future generations.
Become part of the solar movement today. If you are interested in doing your part by going solar, contact us today!
Eventually, we are all going to have to make the switch to renewable energy – it’s inevitable – non-renewable resources will run out. Odds are, we won’t be able to make the switch in one fell swoop. We will have to gradually create a renewable energy infrastructure that is big enough to sustain the masses on Earth, an ambitious feat for sure. Who knows how long that will take? If we know that we will eventually need to use renewable energy as a resource, why not start now?
One school district in California has indeed decided that now is as good a time as any to start using renewable energy. Escalon Unified School District in California recently developed a “flip-the-switch” clean energy program.
It started last summer, when an energy assessment of the district’s campuses identified opportunities to reduce energy consumption, energy costs and improve facility performance. Escalon Unified School District solar PV installations, exterior lighting upgrades, a pool pump replacement and HVAC upgrades would net Escalon Unified the greatest savings on their electricity bill.
The school district subsequently installed solar power units on all six of its campuses and are now running clean energy. The ground-mounted units were built to function as shade canopies over the school’s parking lot, providing the students and vehicles protection from the harsh rays of the sunlight.
The cumulative energy output for all the solar units in the district produced 2 million kWh in the first year of program – the equivalent of enough clean energy to power over 160 local homes, according to Solar Power World. The program is expected to produce $15.3 million in expected life-time energy savings and reduce the district’s energy costs by 85 percent. Plus, 1,628 metric tons of CO2 emissions will be offset in the program’s first year, almost the same as removing 349 cars from the road, according to Solar Power World.
To us, the success of this energy initiative, and every other new solar application like it, is part of the solution to a brighter future and stronger planet. If you’re ready to “flip the switch”, let us know. We provide solar energy solutions for residential, commercial, industrial and governmental entities in the Sacramento region.
Please contact us at 916-853-2700 to learn more.
Earlier this year, President Trump imposed tariffs on imported solar panels, severely handicapping a $28 billion dollar industry that gets 80 percent of its supply from countries abroad, like China. Five U.S. trading partners have lodged complaints at the World Trade Organization.
A study conducted by GTM Research, found that the tariff will reduce approximately 11 percent of U.S. solar installations through the year 2022. Moreover, the Solar Energy Industries Association (SEIA) says that the 30 percent tariff on imported solar cells and panels could cause the loss of up to 23,000 American jobs in 2018, as well as delay or erase billions of dollars’ worth of solar investments.
Rep. Jacky Rosen (D-Nevada) holds that the 30 percent tariff on foreign-made solar modules has threatened the stability of Nevada’s fast-growing solar industry. Now Rosen is introducing a new bill, The Protecting Solar Jobs Act (HB 5571), that would allow duties and tariffs to default back to previous rates. It would also allow companies that imported any tariff-imposed solar products to receive retroactive reimbursement.
The bill has bipartisan support from a group of lawmakers looking to protect renewable energy jobs and investments. It was introduced in the House Committee on Ways and Means with backing from Rep. Jared Huffman (D-Calif.), Rep. Mark Sanford (R-SC), Rep. Ralph Norman (R-SC) and Rep. Steve Knight (R-Calif.).
Aztec Solar applauds and support this bill.
Though the recently approved tariffs on solar panels have crippled much of the industry, Aztec Solar currently has pre-tariff solar modules in stock now. What this means is that customers of Aztec Solar still have access to the pre-tariff pricing. However, these pre-tariff panels are selling quickly. Finding better pricing elsewhere is difficult. Don’t miss out on your chance to get the best pricing.
Contact us today to get started at (916) 853-2700.
In a move to ensure that the nation leads the world in energy production and innovation, U.S. Secretary of Energy Rick Perry pledged to give $105.5 million in funding to support about 70 projects aimed at advancing both solar photovoltaic (PV) and concentrating solar thermal power (CSP) technologies.
The funding will also secure integration of those technologies into the nation’s electricity grid, a critical milestone for the advancement of solar power access for the masses.
“American ingenuity is the engine of our energy economy. Investing in all of our abundant energy sources, including solar technologies, will help to drive down costs and ensure that the nation leads the world in energy production and innovation,” Secretary Perry said.
One of the Department of Energy’s key goals is to develop and test new ways to accelerate the integration of emerging technologies into the solar industry. Expansion of the private sector’s role in supporting energy innovation is also key, with $8.5 million going to workforce initiatives.
The Solar Energy Industries Association, of which Aztec Solar’s CEO, Ed Murray is a board member of, applauded the announcement, calling it “a positive step in strengthening this important public-private relationship between the federal government and the American solar industry.”
Aztec Solar is an industry leader and has provided award-winning solar energy service to the Sacramento region, offering top-quality solar products and technologies supported by knowledgeable solar experts.
Aztec Solar is dedicated to the development of solar energy through state and local policy, and supports innovative research in solar technology because it will foster an environment of choice and affordability for U.S. energy consumers.
The DOE’s actions are clear – solar is here to stay – and it is the wave of the future. Just two years ago, solar energy became the same price or less than fossil fuels in many areas across the globe. In March 2017, green energy provided more than 10 percent of the monthly electricity for the entire U.S. It is now believed that renewable energies, such as solar energy, could supply 80 percent of the energy needs in the U.S.
The power of solar is a sustainable choice for the world. The sun’s core can reach more than 27 million degrees, after all, and harnessing all that energy is key to preserving the environment for future generations.
If you are interested in doing your part by going solar, contact us today!