Benefits of renewable energy on 30a
Once you decide to put your home on the market, it’s essential that you start preparing it for sale. You’ll need to invest in some basic home remodeling and renovation projects that will help you increase your 30a property value and get the highest return on your investment. While specific improvements may sound appealing, you should invest in profitable projects that are popular in the real estate market. One of those improvements is going green and implementing a renewable energy system in your home.
Available renewable energy systems
Owing to technological advancements, there are several types of renewable energy systems that you can introduce to your home. Each of them comes with certain advantages and disadvantages, but all of them will enable you to reduce your household’s ecological footprint and its energy consumption. Solar energy and geothermal energy systems are perhaps the most popular ones because they’re appropriate for residential use especially in areas like 30a. Wind turbines and hydropower systems are also available, but there are certain limitations to their implementation. For instance, hydropower systems can be introduced only to properties with a flowing water source while wind turbines may not be allowed in specific areas. Thus, before deciding to switch to renewable energy, you should research your options and find one that meets your needs.
The benefits of renewable energy systems
All of these renewable energy systems will enable you to reduce your energy consumption and increase your savings in the long run. Since these systems will allow you to generate your electricity, you can decrease your dependence on the regular grid significantly or even entirely. Furthermore, renewable energy systems are based on eco-friendly models, which reduces your household’s carbon footprint and provides you with a healthier home environment. Consequently, all of this contributes to the environment preservation.
Solar systems: initial investment and long-term profit
Solar systems are the most popular type of renewable energy sources used in residential properties. The initial cost of installing solar panels may range from $10,000 to $50,000 depending on the type and size of panels. However, many states offer certain tax incentives that may reduce the cost of installation. Furthermore, one of the advantages of 5 kW solar systems, a common solution for an average household, are long-term energy savings. With this system, you can save up to $1800 on energy per year, recouping your initial investment.
Solar systems and home value
Green improvements and renewable energy systems are becoming a norm in real estate. The benefits mentioned above are quite appealing to buyers who are willing to pay more for eco-friendly and energy-saving homes. Namely, it has been shown that buyers would rather pay a premium of $15,000 for a property with a solar power system than pay less for a property without one. Now, consider the fact that an average 5 kW system may cost around $19,000, an amount that can even be reduced to $12,000 after all tax reductions and incentives, recouping your initial investment in its entirety. Furthermore, data has shown that the installation of the solar system may increase a property’s value by around $12,700 to $16,000 depending on a country.
Going green and sustainable has become a norm in modern architecture, home improvement and real estate. Although the initial costs of switching to renewable energy may be on the expensive side, this improvement can bring long-term benefits for which buyers are willing to pay more.
About the author:
Lucas is a real estate agent and renewable energy consultant with many hobbies and passions, but above all, he enjoys the most spending time with his wife – Mara. He also likes Lord of the Rings. He, actually,very much likes Lord of the Rings. He is a regular contributor at smoothdecorator.com