History has shown that any new technology has always been pricy – telephones, internet, smartphones etc. This is exactly what happened with solar energy. As early as 1980, the solar panels cost $100 per watt. Today things seem more and more doable with the price of $2 to $3 per watt.
A Veteran Roofing agency is making its foray into the first of its kind solar roofing. Today’s solar panels are extremely reliable and efficient with substantially low costs. BC and Metro Vancouver has great potential for solar installations.
A solar panel has a 40 year life cycle which provides more than 500 percent returns. Renewable energy has gained a lot of importance – especially solar energy. The sun is a very credible source as it is available for providing the raw material for producing energy every day! And soon there will be a time when we would not require batteries!
Well, if the power that is generated is not utilized, it is fed back into the grid and whenever you need it, you can always get it back! In fact, BC hydro will pay you 9.99 cents per kWh.
BC hydro rates are constantly increasing. If people install solar panel roofing, it will significantly reduce the cost of power. Well, as soon as you install it, power is free for you – all life – long!
The initial installation cost seems a little heavy on the pocket. It’s $16000 for getting it all set up. But imagine the returns you get. You will get returns on your investment sooner than you think and more!
Real estate market is excited about these changes as these panels require little or no maintenance and gives you energy independence too!
Despite all the positives, solar powered homes are not for all – there are several considerations. Property builders and home owners should analyze whether you can accommodate the financial, practical implementation and the climatic condition requirements of the solar panel system.
Analyze all the pros and cons of the solar energy system and the house or property that is offering it and then make a decision. Also, check the climatic conditions of your location before you decide to turn your property into a solar powered real estate. Homes that are located in areas where abundant sun light is available are good candidates for this type of an experiment.
Other practical considerations include the space availability on your property. Roof size and strength as well as orientation matter. The space should be big enough to accommodate the solar array.
Well, BC real estate is heading towards a better, clean and inexhaustible energy source.
Penfolds Roofing from the Lower Mainland dating back to 1937 has recently become the first Vancouver roofing firm to integrate photovoltaic panel installation (solar panels) into its existing service platform. Many more such providers will follow making BC and Vancouver more and more eco friendly in terms of energy production. Many real estate developers will definitely look into this new go green option for their newer projects.
Naz Allahyari, is a full-time Vancouver Realtor® & Specializes in selling or buying a home in North Vancouver, West Vancouver, and as well as condos in Downtown Vancouver.
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