SOLAR PAYS BACK

BuildingGreen.com features a story on the value that renewable energy can add to a home. Amy Levin, a realtor who completed a LEED platinum registered gut rehab in Washington, DC, had her home appraised at 10% higher value than comparable properties. Interested buyers made offers that exceeded her green investment costs, even though the house wasn’t listed. People wanted to rent her house, even though she built it for her own residence.

The solar panels on the roof heat the water (and they seem positioned to shade the air conditioner, another energy-saver). An article in Kiplinger.com summarizes “sunshine economics”:

“A few big variables dictate whether a home PV system makes economic sense. But in rough terms, here’s how the numbers break down in states with the best incentives: The average solar-power system is 4 kilowatts. (Think of kilowatts as the size of the system. The power it generates depends on size, efficiency and sunlight.) Figure the price, including installation, is $10,000 per kilowatt, so the total comes to $40,000. Through various rebates, credits and tax breaks, some states pay half that cost. The federal government will also chip in 30% of the cost, up to $2,000. Taken together, those subsidies drop the total to $18,000. Manufacturers say that solar panels will last 25 to 30 years, and they guarantee them for 20 years. Assuming a 20-year life span, that averages out to a cost of $75 per month.” –Solar Finally Pays Off, Bob Frick, Sr. Editor, Kiplinger online

Even better: The economics above are for Solar PV, which generates electricity; the economics for solar thermal, which heats water and air, are even more favorable in even more states.