Tag Archives: solar installers

Do Solar Panels Improve the Price of Your Home?

21 Jun

This is a great question and one asked often before making an investment in residential Solar system on the roof of a home.

Here in Ontario, we don’t quite have enough history yet to prove that adding Solar will in fact increase the value of your home. Having said that, in the U.S where Solar has been around longer than Ontario, the evidence suggests that having a Solar system could very well increase your property’s value.

A study conducted by the U.S. Department of Energy’s (DOE) Lawrence Berkeley National Laboratory http://newscenter.lbl.gov/news-releases/2011/04/21/bright-spot-for-solar/ ) in 2011 found that homes that have solar electric systems installed actually have a better market value and sell for better prices as compared to those houses that do not. The study brought to light the fact that homes that have PV solar panels installed sold for a premium that ranged from $3.90 – $6.40/watt of capacity, averaging to about $5/watt.

Solar Panels Improve Home Sale Prices

Solar Panels Improve Home Sale Prices ! – An Installation By Eco Alternative Energy

Another study conducted by NBER ( National Bureau of Economic Research) also found that solar panels did increase the value of a home at the point of sale by 3 – 4%. The two findings are complimentary to each other and point to one conclusion.

Why?  Well, let’s play a simple scenario for you.  Let’s say that you decide to move after 12 years of your 20 year contract with the Ontario Power Authority.  By this point, your system should be completely paid off and you are now benefiting by receiving monthly cheques from your local Hydro Company.  Now, not only are you selling your home, but you’re also selling a source of income associated with your Solar system!  You should be able to easily show past years performance numbers of how much you made.  That has value and is attractive to potential buyers because it is a potential lucrative income stream to them.  Think about it, now they may be able to afford a bigger mortgage as a result of that additional income.

You could say that Solar is kind of like having a basement apartment with a renter except unlike a renter, Solar systems don’t make any noise, and Hydro companies have lots of money so they pay their monthly cheques on time!

So it’s a win -win situation whether you decide to sell your home or not. And all this while saving the environment! – Super! Incase you are curious about how much it would cost to install solar here’s a post where you can find out : How much does a solar power system cost? And if you have any questions about solar before you take the plunge give us a shout at 1-888-907-5848 or simply drop us a message with your questions.

How do I know if my home is right for Solar ?

23 May
Solar Panel Installation by Eco Alternative Energy

Solar Panel Installation by Eco Alternative Energy

We’ve been doing solar installations for homes for a long time in Ontario. One of the most common questions we are asked by our customers is ,” How do I know if my house is a good candidate for solar? Or  How do I know solar can be installed on my roof?

Well it’s easy. All you need is a quick look at your house by a solar professional – via satellite or in person. Before installing Solar on anyone’s home, we at Eco Alternative Energy first conduct an inspection of the property either through satellite imagery (first) or in person.
We basically look for :

  1. A good Southern, Western or Eastern exposure (although south is best, east and West roofs can still be very rewarding).
  2. The pitch of the roof (25-50 degrees is typically optimal).
  3. Any shade considerations to avoid? (trees, chimneys, plumbing stacks)

Our Solar inspectors have specialized tools to perform a shading analysis to determine if shading will be a problem for your site. Cutting back trees may be a solution and we will advise accordingly.
After determining the size of the best system for you, we can then determine your systems estimated production in kilowatt hour ’s (kWh’s) based on your roof pitch, azimuth, and shading and provide you with an fairly accurate projected return on investment. Once you have a sense of how much energy your system will generate, you can evaluate the cost of purchasing.
Installing systems smaller than 2kW may not be worth your while. If you’re trying to do the math yourself, then figure each panel as is about 5.5 feet tall by 3.3 feet wide.

We hope that was helpful! If there are any more questions you have regarding solar, please feel free to leave a comment below or Contact Us.

If you are in Ontario, Canada and would like a free online evaluation of your property for solar, feel free to fill out the short form below and one of our experts will get in touch with you in 1 business day.