2020 New Build Mandate in Effect

California has always been the state leading the country towards a brighter, greener future. At the forefront of the nation’s green revolution, California constantly seeks new ways of innovating upon existing technologies to revolutionize society. Recently, solar panel installations have received renewed interest by the state, and are the subject of the California 2020 New Build Mandate guidelines. The new California Green Building Standards Code requires all newly built single residence homes to have solar panel installations. With home buying up in Orange County, San Diego County, and Riverside County, one has to wonder how these guidelines will affect Southern California residents?

Will The California 2020 New Build Mandate Save Money?

The answer is yes, the California 2020 New Build Mandate will. Newly built homes after Jan. 1 are required to have solar panel installations, while existing homes do not have to install solar panels. However, the California Energy Commission estimates that over a standard 30-year mortgage, a solar panel installation can save homeowners $19,000. Regardless of whether or not you are building a new home, solar panel installations are a sound investment to both save the environment and your money.

How Will The California 2020 New Build Mandate Affect Home Builders?

Home builders may be wary of the California 2020 New Build Mandate for new homes, however these new guidelines can help them just as much as home buyers. Home builders have the opportunity to form lasting business relationships with expert solar panel installation experts who can work closely with them on multiple projects, potentially driving down the cost of their bulk solar panel installation purchases. The California Building Industry Association estimates that solar panel installations will add $8,000 to $13,500 to the price of building new homes, making wholesale discounts of solar panel installations a great way to add surplus value to new homes. With home builders expected to absorb most of the cost of the California 2020 New Build Mandate, making connections with expert solar panel installation providers should be at the top of every home builder’s todo list.

Top Tier Home Energy: Ready For Change

At Top Tier Home Energy, we are more than ready to assist home builders in complying with the California 2020 New Build Mandate. When you need an expert solar panel installation provider for Orange County, San Diego County, Or Riverside County, look no further. We back all of our work with an industry-leading 25 year warranty. That’s nearly the entire length of a home mortgage, meaning that potential home buyers will feel confident in their new home’s solar panel installation. We’re excited to work with home builders in Orange County, San Diego County, and Riverside County as they strive to meet the exceptionally green goals set out in the by this ambitious new law.

How Can Solar Panel Installation Help Me?

One of the best perks of living in Southern California is undoubtedly our weather. Going to an Orange County or San Diego County beach in the summer is high up on nearly every resident’s list of favorite activities. But increasingly, our summers are plagued by heat waves wherein our perfect weather takes a turn for the worse. Surprisingly, solar panel installation may hold the key to beating the heat this summer.

The last thing you want to be worrying about during one of these heat waves is your energy bill.  California has the 7th highest energy prices in the nation according to the U.S. Energy Information Administration, with prices even higher in Orange County, San Diego County, and even Riverside County. 

Solar Panels Save Summer

The very same sun that is beaming down on you can be utilized to actually cool your home. Reliable solar panels from Top Tier Home Energy can not only lower your energy bill, but also eliminate the guilt you feel when you turn down the thermostat. Top Tier Home Energy is not only a leading provider of solar panels in Orange County, San Diego County, and Riverside County, but we also install custom heating and air systems that are built to take full advantage of solar panel installations.

Top Tier Home Energy installs Sunpower solar panels, which are consistently rated among the highest grade solar panels on the market. Not only are these durable solar panels the most efficient solar panels on the market, we at Top Tier Home Energy back them up with an industry-leading 25 year warranty which make our solar panel installation services risk free!

Yes, you read that right: 25 years of guaranteed lower energy bills, guilt free air conditioning, and the knowledge that you are doing your part to help save the environment. Even when the sun isn’t shining, our industry-unique battery storage systems will keep your home powered in the greenest possible way. 

Whether you’re a resident of Orange County, San Diego County, or Riverside County, Top Tier Home Energy can help reduce your monthly energy bill and keep your home cool. While summer may seem months away, it’s only a matter of time before the weather warms up and you’ll be wanting to turn the thermostat down. Be prepared for the summer’s heat wave today with Southern California’s leading solar panel installation provider. 

 

Did you know that installing a home solar system is an economic decision that can potentially improve your family’s financial position?

Home solar not only can reduce or eliminate your electric bill, adding a photovoltaic (PV) solar system to a house is almost always a good real estate investment and may contribute to increasing home values by 3 to 4 percent. The combined benefit of higher resale value and lifetime energy savings makes solar a compelling financial investment.

One study by Lawrence Berkeley National Laboratory , which analyzed the sale of nearly 4,000 homes with solar in eight states,  determined that some buyers, particularly those in California, are willing to pay a premium of $12,000-$15,000 for a home with an average-sized, resident-owned solar array.1  That illustrates how important it is for buyers and sellers to familiarize themselves with how solar affects property values.

In states with a booming solar industry, such as California, which has a more mature solar real estate market, local real estate agents, lenders, and appraisers are more likely to understand the value of solar, and there are plenty of  comparable home sales that can guide accurate pricing decisions.

Other regions are still learning the benefits of solar. Renee Baker, a real estate agent in Las Cruces, New Mexico, said that about six years ago, many real estate professionals in the area did not understand how solar adds to the value of a house.

“The problem was that a lot of them didn’t know what they didn’t know,” Baker said.

But that has changed as more solar houses go on the market. The Solar Energy Industries Association (SEIA) reports that there are more than 1.5 million residential solar systems in the U.S. and that a new one is added roughly every 90 seconds. So, it follows that real estate professionals nationwide are beginning to gain experience with marketing the solar features of a house. They also have better tools and training to help them with solar real estate deals, including third-party groups that calculate the potential value of a solar system, currently and over its lifetime.

Top Tier Home Energy home solar systems are more powerful, more efficient and degrade at a slower rate  than conventional solar. As a result, SunPower systems generate up to 60 percent more energy over their first 25 years. If tools for measuring resale value base their assumptions on actual energy output and reliability, SunPower systems are well positioned to add additional value to your home. Moreover, SunPower has the strongest combined product and power warranty in solar. In a blog post by Savenia Labs, it was noted that there’s a relationship between comprehensive solar system warranties and higher resale values.

BEST WAY TO ASSESS SOLAR HOME VALUES

Real estate agent Baker said as local solar home markets mature, real estate agents are able to look up more comps. They are the best way to assess the value of any house, solar or otherwise.

Baker, who has handled about 16 solar home sales, said prospective home buyers have two major concerns: They want to make sure there’s  documentation that the installation was done properly (information that any reputable solar dealer will provide) and they want proof that the system is saving money on electric bills.

“So, if you’ve got that documentation, you can show that,” Baker said. “You can show what the electric bills look like, and that’s the proof in the pudding.”

Using this “income approach” is recommended by the recent SEIA report, “How Owning a Solar System Impacts My Home Value: A Guide to Valuing Residential Solar Energy Systems.”

It spells out the various methods for assessing the value of solar homes and explains why the income approach provides the most accurate view for prospective buyers.

The report also provides several resources, including solar calculators, and lists organizations that can help solar homeowners. It will be updated periodically with additional tools as the U.S. solar market continues to grow and become a more integral part of the country’s real estate landscape.

Contact Top Tier Home Energy or call us at (949) 296-2296.

1  Source: Hoen, B., Adomatis, S., Jackson, T., Graff-Zivin, J., Thayer, M., Klise, G., &amp Wiser, R. (2015). Selling Into the Sun: Price Premium Analysis of a Multi-State Dataset of Solar Homes. Based on analysis of home sales with &amp without solar energy systems in CA, CT, FL, MA, MD, NC, NY and PA from 1999 to 2013.  Actual impact on home values will vary.

This post originally appeared on the SunPower Business Feed.

We’ve heard for a while now that the solar tax credit will be reducing from 30% to lower over the years to come.  That’s why this is the perfect year for you to take advantage of the 2019 solar tax credit.  Homeowners will be able to take advantage of the federal investment tax credit with solar systems installed in their homes.

How the Solar Tax Credit Works

The federal solar tax credit was intended to encourage homeowners to go green and reduce Americans’ dependency on fossil fuels.  Due to popular demand, the federal solar tax credit was extended to 2020 by Congress in order to extend the 30% credit to homeowners.  In California, there is a mandate that all new homes install solar panels, but older homes are not required to install solar panels.  However, it’s anticipated that homeowners will rush to take advantage of the solar tax credit.

To acquire the solar tax credit, your solar installation company will offer you a receipt for the solar system’s total cost and installation process.  When tax season comes around, homeowners will be able to provide this information to their tax professional including items such as storage of solar batteries.

It must be noted that in order to take advantage of the federal tax credit, homeowners have to own their own solar panel system instead of renting it from a solar company. Additionally, in order to qualify for the solar tax credit, solar batteries must be entirely charged by the solar panel system, not an outside source.  These are important distinctions for homeowners seeking to make use of their tax credits for switching to clean green renewable energy.

Solar Tax Credit Eligibility Broken Down

As mentioned previously, there are a few conditions in order to make use of the 2019 federal tax credit:

  • Homeowners MUST own their own solar panel system and batteries in order to be eligible
  • Batteries must be fully charged from solar panels, not other sources
  • You must be a homeowner, not a renter of a property
  • Your solar panel system needs to be installed before the end of 2019

The Time to Act Is Now

Before the solar tax credit begins to diminish significantly, it’s time for you to act and install solar panels.  Go green and begin earning credits instead of paying major electricity bills.  Don’t wait to collect on your 2019 solar tax credit.  Consult with a skilled solar panel installation expert today and begin generating clean green renewable energy today that will save you money in the long run.

Call Top Tier Home Energy today (949) 296-2296.

We proudly service Orange County, Riverside County, San Diego County.

Thanksgiving is nearly here, which means after the Black Friday crowds comes Small Business Saturday.  Small Business Saturday started as a reaction to the large chain stores that offered big savings and often took business away from local stores.  In an effort to support local small businesses, Small Business Saturday was born.  Small Business Saturday isn’t just about shopping local retailers for stocking stuffers.  It can also include deals on solar power.  Local to the Inland Empire, Orange County and Los Angeles resides Top Tier Home Energy (949) 296-2296.

If you’ve ever considered shopping for solar power, Small Business Saturday is your opportunity to save.

The Savings Add Up

When consumers make the switch to this renewable energy source, they find the savings really add up.  Expensive electricity bills, costly air conditioning and heating are drastically reduced.  Manufacturers are able to guarantee the best quality, offering consumers the ability to hang onto their solar panels for decades to come.  Once they’ve drastically reduced their electric bills, consumers find that the cost of maintaining solar panels is extremely inexpensive and easier than continuing to pay excessive fees.

Shop Solar Power Locally

Households and businesses across Southern California have saved exponentially by shopping for their solar power locally.  Whether it’s a first time home buyer or a large condominium or industrial complex, solar power is a huge energy saver and a source of renewable energy.  By shopping for this source of green energy locally, consumers can help local businesses to thrive.

As good members of the community, solar power businesses such as Top Tier Home Energy contribute to a healthy environment and a better future for everyone.  Those interested in finding an exceptional solar power business should schedule a free consultation today.  Top Tier Home Energy is available to guide you through the process of converting to sustainable energy. Call us today for a free consultation at Top Tier Home (949) 296-2296.

 

 

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