Low utility bills are something every homeowner and home buyer wants. There are two forms of power that are available that have tax credits and other discounts available for new systems and help save on monthly utility costs.
Solar
In November 2013, Raleigh approved a program called “Solarize Raleigh” which allows homeowners to get volume discounts on solar energy.
A website will be in place by early 2014 where you can learn more about the program and which contractors will be participating.
The NC Sustainable Energy Association has published a guide for citizens about renewable energy – click here https://energync.org/publication/a-citizens-guide-to-the-nc-reps/2012/06/13/a-citizens-guide-north-carolina-renewable-energy-energy-efficiency-portfolio-standard/
Solar panels cost more to install initially but lowers your dependence on electricity and/or gas. The negative with solar energy is that is is weather-dependent. On cloudy days the solar panels are less effective.
Geothermal
Geothermal heating energy is collected from under the ground and used to power a heat pump system.
Through 2015, NC is offering up to a 35% tax credit for new geothermal systems. Here is a link to a site that details local and state incentives for NC – click here https://www.geothermalgenius.org/states/north-carolina.html
The cost to install a new geothermal system is higher, but you don’t have to rely on the increasing costs of natural gas, propane or electricity in the future.
Looking at online cost estimators, the break even period of upgrading to a geothermal system versus a gas furnace or heat pump is approximately 5-6 years.
Geothermal options vary depending on the area you live. Installing a geothermal system involves deep drilling into the ground so the efficiency of the system varies depending on your property.
Investigate Your Options
If you need to replace your heating and air system, it’s a good idea to investigate all of your options and choose the one that fits your budget and compare different fuel sources. For resale, buyers are not willing to pay more for a more expensive system but they will value lower utility bills.
Questions? If you have any questions about Solar or Geo-Thermal heating options, please contact Amy Shair here.
About Amy
Amy Shair, has been an Award-Winning RE/MAX United Agent for 20+ Years.
Amy’s passion of education for Sellers and best options for Buyers has made her a top tier Agent. Amy will “give it to you straight” with “no fluff”.
Amy’s clients appreciate her vast experience and straightforward insight working on their behalf. Contact Amy at 919-818-5001 or Contact Amy here.
