Installing solar panels on your house and owning the system can pay for itself with an increase in value to your home. According to a study conducted by Berkeley National Lab with Sandia National Labs, the average increase in a home's value across the nation is about $3.78 per Watt. The average home has a 6KW system, translating to (6KWx$3.78=$22,680) about a $22k increase in value immediately after the install is complete. Meaning homes with solar panel systems sell for more than without.
Do Solar Panels add Value to a house?
The study analyzed 20,000 homes in six states across the country to find out just how much a solar panel system would increase the price of a home. The study concluded, home values increased at a rate between $2.68- $4.31 per watt of energy. This data is just beginning to become an asset to realtors while selling homes. Solar panel systems are becoming exceedingly popular making it easier for realtors to value these systems, and recognize the potential for home value increase. Speaking to New Mexican appraiser Mark Raney, SRA who specializes in "valuation of sustainable homes, he says "Many appraisers use ‘PV value’, a program originally developed by a Sandia Labs engineer to get the value contribution. Just type in the size and age of the system, the tilt of the panels and the zip code and they will set a value."
If you are thinking about purchasing a solar system for your home, the study should give you confidence that you are making a smart investment. The study found that homes with owned solar panels will benefit from a ‘solar premium’ when they are sold because buyers are willing to pay more for a home with solar panels.
This suggests that if you sell your house soon after you have a solar system installed, you will recoup most or all of your investment while saving money on your power bills. It also confirms: Payback periods on solar power systems are not something to be overly concerned about. Your solar system will either increase your home value should you decide to sell your house, or it will pay itself off in power bill savings before you move out. In both cases, solar is a sound investment."
Thinking about getting Solar? Click here to get a quote.
Solar Energy could be the answer we need to save one of our most valued resources. Water. Especially in a state that rarely comes out of a drought phase. We recently had the first day in over 90 that New Mexico received any measurable precipitation. We love our bright blue skies and brag about the sunshine, but we all know that New Mexicans crave a good day of heavy rain or snow. Today we all got to rejoice while our solar panels got a good rinse, and we could rest, assured that our water supply recouped a little of what we take from it each day.
One thing that not everyone knows, or understands is that power plants use an exuberant amount of water to give energy to the people. Water is used to pump crude oil out of the ground, remove pollutants from power plant exhaust, flush out residue after fossil fuels are burned, cool power plants, and much more. Our energy resources rely on water, much more than we probably realize. This is something New Mexican residents cannot ignore. You will see in the infographic below, created by One Block Off The Grid That Coal power plants use approximately 100-1,100 gallons per MWh, Nuclear uses 600-800 gallons/ MWh, natural gas 20-300 gallons/ Mwh, while solar uses nearly no water at all.
Switching your energy over to solar, with NM Solar Group won't just save you money on your electric bill monthly, but it will help preserve the scarce resource we all need.
To read more about water used for energy click here.
Own your New Mexico Solar
Own your New Mexico solar. Solar isn't something that you do everyday.
In New Mexico, we tend not to move around a ton and solar is a 25 year commitment for that house whether you live there or not.
"Free" solar doesn't exist. A lot of National companies will tell you a lot of things.
They aren't here to stay and don't have a vested interest in our community. Whether you do a
Solar companies in Albuquerque New Mexico
purchase, lease, or power purchase agreement there are ALWAYS costs. All of these ways are cheaper than the Utility.
Purchase Power Agreement and Leases
Power Purchase agreement and leases claim to be free equipment and then the client purchases the energy produced from the their solar array on their roof.
What they don't tell you is that the lease or power purchase agreement's are two to three times more than buying a system over the life of their long confusing contract.
Own Your Own Solar Array, 3 Reason Why
Owning your New Mexico solar is the best way to go for three reasons.
You don't have a long term contract with a company that cares nothing about you or the New Mexico community
With a purchase you get appraisal value to your home. With a lease or a power purchase agreement there is no appraisal value possible.
Keep your tax credits.
This Albuquerque Solar Company Is Here To Stay
All of these things are great reasons to own your own solar.
Have you ever tried calling a call center and no one will take responsibility for anything?
Then they keep transferring you to a different department without communicating to each other?
You have to ask to speak with a manager just to get someone who will listen to you.
Lastly, then the call gets disconnected. Not a fun scenario, but I am sure many of you have had that experience.
No Long Chain Of Command at This Local Solar Company
It is hard to as a small business owner to wear many different hats everyday.
It isn't easy running a business, but it is worth it.
At NM Solar Group we don't have to pay a long chain of managers that manage managers that then get managed by another manager that is the brother of the CEO and doesn't even know anything about solar.
We keep our expenses low and we run lean and mean. We are then able to pass those savings on to our clients and not relinquish value or quality.
Local solar is the way to go for many reasons, but the main reason is because we care about New Mexico and what happens to her.
If you are considering going solar please contact us and we will get a free no obligation quote for your home.
Reach out to us at nmsolargroup.com or call us at 5054156172. Owning your solar in New Mexico is the way to go for the New Mexican. Reach out to the growing and soon to be go to Albuquerque solar company, you will be glad that you did, we can save you money.