The renewable energy issue is more viable than ever, meaning those who invest early can see returns down the line. Even now, it’s still a great way to help the planet and offers you a tempting alternative to paying the power company for service each month, especially here in Florida where the sun shines frequently. That said, solar power still has a somewhat high barrier to entry. With that in mind, here’s what to know about choosing solar power for your new home.
Choosing Solar Power for Your New Home: Is it Worth It?
While solar power is theoretically viable anywhere there’s sunlight, you need to consider more in-depth aspects if you hope to convert your home to an exclusively solar setup. For one, think about where your house is located, both on the big and small scale. Do you live somewhere that is frequently overcast and gets only a few good hours of sun throughout the year? Is your house underneath a shady area? Is your home even big enough to support a robust enough solar panel array to take in enough power? These kinds of setbacks can tank your solar power setup before it even gets off the ground.
Choosing Solar Power for Your New Home: Cost
Cost is a major issue for most people looking to get into solar power. Not only is the up-front solar installation cost typically quite large, the cost of repairs and maintenance can also add up, especially if you initially purchased cheaper equipment. However, you should also balance this against things like the cost of traditional power options in your area as well as any benefits or price reduction that might be available to you. Consumers may be given time to receive tax credits if they take out a loan to finance solar panels, for example.
Choosing Solar Power for Your New Home: Availability
Even if cost and location viability aren’t factors for you, you might find an unexpected stumbling block for solar power in that it simply isn’t available where you live. Depending on the area, solar providers may be few to nonexistent, making it difficult to find anyone who will sell you the equipment. While some services may be willing to have the equipment sent to you from out of the area, this can still make installation an issue. There may even be various laws governing solar power where you live, making it necessary to read up on local statutes prior to committing to solar.
Solar energy has a wealth of possibilities and the potential to save you tons of money down the line. Before you jump in, though, keep cost, your geographic location, and availability in mind.
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See you at a meeting soon!
The Southwest Florida Real Estate Investment Association is the leading source of SWFL real estate investing events that provide investment education and networking in southwest Florida. We analyze the housing market and foreclosures and provide information, education and networking events in order to build a network and knowledge base for investors and potential investors. Our members include real estate agent, brokers, investors, hedge fund managers, rehabbers, wholesalers and more.
Our SWFL REIA General Meeting is held in Fort Myers where we provide education on hot topics in investing and an opportunity to enjoy the camaraderie of your fellow investors. You’ll get a chance to ask for advice from successful real estate professionals and even make a few deals on your latest projects.
To become a member, anyone can register as an individual, a couple, or a corporation. Being a member opens the doors for endless networking opportunities, advice from members with decades of experience, new ideas from entrepreneurs, camaraderie with those just beginning, and deals and contracts done in the meeting room. For those interested in Cape Coral rental property investment and/or Fort Myers rental property investment, SWFL REIA will be able to provide a network to help launch a successful investment career.
The SWFL REIA is known and respected as a source of current, actionable and useful information about the housing market in the area that we meet.
We meet twice a month.
One of the premier sources for real estate investing networking and education is the SWFL REIA. In the real estate world, the SWFL REIA is different in that they do not do information product sales. Their meetings are focusing on the best ways of investing in real estate by collaborating with other property investors who are sharing their experiences.
We look forward to meeting you at a meeting soon!
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