“My electric bills are too high!”
By adding a solar electric system to your home, you can lock your electric prices in for the next 20-30 years. Electric companies in California have been steadily increasing their rates over the past years, especially since deregulation. You can fix your electric prices with a solar electric system. With new lease options from Northwest, it may be possible to do so with little to no money out of pocket.
“I’m concerned about the environment and global warming!”
A solar electric system produces no green house gasses, and is clean and efficient. Compared to the utilities gas, coal, or a nuclear electric plant, a solar electric system for your home helps preserve the environment for future generations.
“I don’t like paying for foreign oil!”
Currently, the USA ships trillions of dollars overseas each year to governments that are often hostile and uncooperative. This does not include the money spent on military actions or foreign aid to maintain a presence in these areas. The USA is very vulnerable to oil shipments being disrupted, or worse cut off entirely, as was the case in the 1970’s with the Arab Oil Embargo. A solar electric system for your home helps the USA decrease its reliance on foreign imported energy sources. With optional monitoring software, you can see exactly what your system is producing on a daily, weekly, or monthly basis.
“My solar electric system increased the value of my home!”
Solar panels are one of the few home improvements guaranteed to increase the value of your home. Many studies have shown that homes with a solar electric system sell quicker and at a higher value than those without a system. There are various real estate calculations that can determine the real value of a solar electric system based on your energy savings. An article in the “Appraiser’s Journal” cites that a home’s value increases by about $20 for every $1 reduction in annual utility bills. “Business Week” in a recent report claimed that homes with solar systems were outselling others by as much as 2:1 in 13 California communities.
Summary: Covering years 2000 to 2009, the analysis finds strong evidence that California homes with PV systems have sold for a premium over comparable homes without PV systems. The effects range, on average, from approximately $3.9 to $6.4 per installed watt (DC) of PV, with most coalescing near $5.5/watt, which corresponds to a home sales price premium of approximately $17,000 for a relatively new 3,100 watt PV system (the average size of PV systems in the study). These average sales price premiums appear to be comparable to the investment that homeowners have made to install PV systems in California, which from 2001 through 2009 averaged approximately $5/watt (DC) after rebates and incentives, and homeowners with PV also benefit from electricity cost savings after PV system installation and prior to home sale. When expressed as a ratio of the sales price premium to estimated annual electricity cost savings associated with PV, an average ratio of 14:1 to 22:1 can be calculated; these results are consistent with those of the more-extensive existing literature on the impact of energy efficiency (and energy cost savings more generally) on home sales prices.
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“Solar is cool!”
A solar electric system can be a great addition to your home. With optional monitoring software, you can see exactly what your system is producing on a daily, weekly, or monthly basis. Many like the look of a solar electric system, and your home can become the talk of the neighborhood.