Understanding more about whether renewable energy solutions are achievable for the average homeowner could help you unpack common myths and find the best solutions for your household.
The average cost for residential renewable energy upgrades changes with the project. Homeowners can choose among numerous options, including solar panels, wind turbines, geothermal units and micro-hydropower systems. A quote for one solution may be more reasonable for you than another, depending on where you live and your estimated budget.
A typical residential solar panel installation costs around $25,000, which many people cover with a loan. You may only pay a small upfront fee to start the installation before using energy tax credits to reduce the loan after filing your taxes the following spring. If you consider the money you’ll save on your electricity bill, the total cost of the project could be far less than the quoted $25,000. Your ability to start a similar project will depend on the companies you contact, the quotes they provide and whether you have the money for the initial installation fee.
Making a significant change to your home’s electricity source can feel intimidating. Learning about the common misconceptions preventing homeowners from shrinking their carbon footprints could clarify which path forward is right for you.
Improving your household’s electricity usage doesn’t have to require a big project. You don’t need to install multiple solar panels or a geothermal unit. Smaller projects also make homes more sustainable, so going green can work with your budget.
Consider how your home uses insulation. Upgrading or adding insulation materials can reduce your power bill by 15% because they’ll regulate your household temperature more effectively. You could do that by installing an insulated garage door or putting new insulation in targeted areas of your home. The projects would likely take less time than installing a new energy system, which could make your next upgrade more attainable.
People sometimes think that adding sustainable energy technology to their homes takes multiple days of work. Solar panel companies may complete your project in less than an afternoon, depending on which brand you work with. Geothermal units may take longer because they require extensive digging.
You also don’t have to add anything to your property to go green. Many businesses have solar or wind farms and partner with interested residents. The farm’s equipment could send renewable electricity through the existing power grid so your home goes green without installation work. You’d only need to set up a customer contract with a supplier to start an arrangement right away.
Although you may not pay for solar panels in cash, you don’t need to take out another loan to make your home eco-friendlier. Connecting with a provider that sends green power through the local grid is one phone call away.
You can also start smaller by investing in a solar power generator. The unit could power your home with mini solar panels when your electricity grid fails during or after a weather event. Smaller household upgrades that reduce your electricity consumption can positively impact your carbon footprint without locking you into a loan.
Renewable energy solutions are versatile. You can choose from numerous options to power your home with electricity that doesn’t harm the planet. Figuring out what’s best for you will depend on your budget, timeline and personal preferences. Consider installations and household projects before making any final decisions.
