EcoSmart – Solar Benefits
There are many advantages of installing solar energy at your home or business. The first and most obvious is the immediate lowering of your utility costs. Higher resale value is also achieved when a solar energy system is installed. Aside from monetary aspect of solar, there is a huge benefit to the environment by reducing your carbon footprint.
Lower Utility Costs
Lowering your monthly utility costs at your home or business is no doubt at the heart of installing a PV (photovoltaic) solar system. There are a few ways this is achieved and the level of savings varies due to sun exposure, the size of your system, as well as your average consumption. The goal of some home and business owners might not be to eliminate their bill, but simply make a big dent in it. Roof restrictions and the amount of panels that can be installed can call for a smaller system, yet the long term benefits of solar power is still very attractive. Homes and buildings with more area (roof or ground) can install a larger system and reduce their bills even more.
In addition to solar being an economical and safe investment, residential property owners can benefit from installing solar thanks to Connecticut Net Energy Metering.
Connecticut’s Net Energy Metering Law allows solar PV system owners to bank excess electricity back to the utility company at retail rates, for a credit to owners’ accounts. When a solar system generates more electricity than is consumed by the home, such as a sunny afternoon, the extra electricity is sent back to the utility grid, and the utility company credits the system.
Higher Resale Value
A Connecticut residential solar power system can increase your home’s property value immediately! According to the Appraisal Institute, for every $1 reduction in annual electric bills due to the installation of a residential solar power system, your home’s value will increase by about $20.
For example, if you spend $26,000 on a solar power system for your home from EcoSmart CT Solar, after a Connecticut solar rebate and tax credits, this system may save you around $3,000 in first year energy expenses, which equates to an immediate increase of $60,000 in the resale value of your home. That is more than double your initial investment and immediate equity in your home!
Solar Power Homes Are More Marketable and Sell Faster!!
A residential solar powered can be easier to market and could sell more quickly. Residential Solar powered homes are outselling homes with traditional electrical systems. Developers recognize the marketability of residential solar powered homes and are increasingly including solar roof panels in new home design.
When it comes time to sell, you will have your significantly reduced or zero cost electric bills to show potential buyers. Homes with a residential solar power system have significant sales leverage over homes with traditional electrical systems for sale in your area.
Protecting the Environment
Solar power has the potential to save home owners thousands over the life of a residential solar power system. But far greater than the financial benefits of solar power are the environmental benefits. With solar power, your home or business uses renewable energy that is clean and has little to no impact on the environment. The emissions, water, and land use saved by just a single home using solar power are greater than you might think. For some homes, using solar power as a source of electricity is on the same scale as planting nearly 2,500 trees.
The single largest source of CO2 emissions is the generation of electricity. Electricity that powers homes, businesses, and industry accounts for 37% of United States CO2 emissions. That’s greater than the 31% of CO2 emissions generated by transportation and the 15% of CO2 emissions emitted by industry processes. Consider this: if you have a residential solar power system and an electric car powered by your home, you could practically wipe out nearly 70% of your environmental impact, reducing both your electricity emissions and transportation emissions.
Make a call to EcoSmart and let one of their qualified staff discuss all the advantages of solar energy and which system is right for you.