By Sharon Derby, Solar Energy World Customer & SEW’s Marketing & PR Director
When my husband and I decided it was time to buy a solar system for our home, we approached it like any other home improvement. We had been in the home for over 20 years, had done every energy upgrade imaginable and did not have any plans to move, so it seemed like a logical next step for increasing the value of our property.
Since our roof was replaced when we first moved in, it was also time to decide if we should get a new one before the system was installed or risk having to remove it in a few years to put on a new roof. It just seemed to make sense to go with a new roof before the solar system was installed to reduce the hassle while getting the most out of our investment. It was even easier to make that decision when we learned Solar Energy World would arrange everything for us so we didn’t have to coordinate two separate contractors.
It turns out getting a solar-powered roof was one of the best financial decisions we have ever made.
According to the U. S. Department of Energy, nearly half of the money you spend on utility bills goes toward heating and cooling your home. So it’s easy to understand that one of the best ways to conserve energy, protect the environment and save money is by replacing your old roof. Depending on where you live, you might also get a financial incentive for making your roof — and home — more energy efficient.
These points may seem obvious, but they are important to reexamine if you are interested in going solar. As if the grant and credits above were not enough, Maryland also gives you a few tax breaks, so you do not have to worry about your tax bills going up as a result of going solar. Thanks to the Property Tax Exemption for Solar and Wind Energy Systems, in Maryland you will not have to pay any extra taxes on the increased value of your home when you go solar. This makes your purchase of your new solar energy system virtually tax-free. New Jersey has a similar tax exemption.
Whether you plan on staying in your home for 20+ years or think you may sell it in 5, new research sponsored by the Department of Energy shows that buyers are willing to pay more for homes with rooftop solar panels — a finding that strengthens the case for factoring the value of sustainable features into home appraisals.
TOP SIX BENEFITS OF HAVING SOLAR-POWERED ROOF:
- SAVINGS: A solar-powered roof will save you 20-100% on electricity costs.
- PROFITS: Solar roofs generate income for homeowners who own their solar systems through SRECs & Net Metering
- TAX BREAKS: Going solar at the same time you replace your roof can give you added tax benefits.
- PROTECTION: Solar panels shield your new roof from the elements, helping it to last longer and provide an added layer of insulation for your home.
- PEACE OF MIND: Sleep better knowing you went the extra mile to protect the environment with an efficient roof and solar power!
- EQUITY: Most home buyers are looking for low maintenance and low electric bills so yours will stand out from the crowd.