Solar Case Studies

/Solar Case Studies
Solar Case Studies2018-10-23T23:42:56+00:00

While the technology of solar has been around for decades, home and business owners have only recently started purchasing solar as a practical product.  We at Switch Energy believe that solar is the future, and so do many others. So, is solar worth it? We think so, but don’t take our word for it.

NET-ZERO HOMES: THE FUTURE OF LIVING

Homeowners in Ontario pay a lot for their electricity and heating. On a yearly basis, the average homeowner in Ontario will pay over $2 500 for their electricity and heating costs and these costs are not going down anytime soon. A net-zero home is a home that is more energy efficient than a traditional home and has fewer electric/heating costs. Net-zero homes are now being integrated with solar to enable homeowners to create and use their own renewable green energy.
Reid’s Heritage Homes (picture of a home on the left) made a few net-zero homes to see how they would sell, and the results were very positive. All of the homes sold within the regular time-span of a traditional house, and at a premium of 10%. Because of this success, Reid’s Heritage Homes will now build all of their homes as net-zero. These net-zero homes are being integrated with solar so the homes can be more green, energy efficient, and sell at a premium of 10%-15%, increasing the home’s value by about $35 000.00.
Net-Zero home
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THE NEW BRUNSWICK HOME

A home in Quispamsis, near Saint John, New Brunswick, went for sale on the market in June of 2017. But this wasn’t an ordinary home; this home had a customized solar system on its roof. The net-zero certified home went on the market for $695 750.00. This home is so efficient that it sends more energy to the grid on an average basis than it consumes. The 3-bedroom house is powered by 44 rooftop-mounted solar panels. The nearly $700 000.00 price tag is over $100 000.00 higher than the average home in the same area, making the home’s value 15% more than the homes nearby. The government incentive for renewable solar energy in New Brunswick is Net Metering, the same as Ontario. The New Brunswick Home is the best single example of how solar can increase a home’s value and potential selling price.
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THE OHMHOME STUDY

The OhmHome Study gathered statistics and analytics from several independent reports to conclude whether or not solar panels increase a home’s value. One of the reports from the Ohm Home Study is from the Lawrence Berkeley National Laboratory, which analyzed real estate transactions from 22 822 homes (3 951 of which were PV) in 8 states (California, Florida, Maryland, North Carolina, Pennsylvania, Connecticut, Massachusetts and New York) that occurred from 2002-2013. The conclusion of the study was that solar panels do increase a home’s value. Solar homes carry an average increased home value of $15 000 for a 3.6-kilowatt system. These states also have solar programs that operate very similarly to the one being used in Ontario right now.
The study concluded that the majority of buyers looked for solar as a desirable quality when deciding what type of home to purchase. Lastly, OhmHome conducted a small study of 4 homes that have solar on them, and the conclusions from the study show that homes with solar have an increased value of $34 000.00 CDN with an average 6-kilowatt system installed. The OhmHome study concluded that homes with solar on them sell at premium rates. It also concluded that the larger the solar system, the higher the increase in home value.
Ohm Home
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WHAT PEOPLE REALLY THINK ABOUT SOLAR

After having IBM conduct a survey of 41 000 individuals, Business Insider found that by having solar integration homes sold faster and at a higher price. The first notable finding from this survey found that 73% of consumers who are intending to or are in the process of switching to solar plan on doing so within the next 3 years. The study also found that across the 6 different countries (Japan, America, United Kingdom, Italy, Germany, Spain) where it surveyed individuals, solar was a more affordable electricity option than paying for power through utility companies.
The consumers in every country agreed that paying less for electricity costs is a major factor when deciding on the type of home to purchase. Some other findings found that homeowners expected the solar system to be paid between 5-12 years, 70% of business interested in solar plan on switching in the next 2 years mostly due to rising electricity costs, the average price decrease for installing a home solar system has gone down 60% since 2009, and the number 1 and 2 reason for homeowners switching to solar was because of the environment and cost savings.
What people think about solar
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