2018 has seen California become the first state in the nation to add to its solar energy standards by making the building of new homes include solar panels. This law goes into effect in 2020 and is merely one of California’s many endeavors to limit greenhouse gas emissions and encourage renewable energy.
Earlier in 2018 the California Energy Commission approved this solar power initiative, which not only applies to all new residential buildings up to three stories high but also to single-family buildings and condos too.
This new California solar panel initiative is a means to achieve the state’s goal of having at least half of its electricity production come from renewable sources by 2030. As of this year, solar power is already attributable to about 16% of the state’s electricity generation.
What does this mean for Santa Clarita and California home buyers at large? According to The New York Times, new homes will cost up to $8,000 and $12,000 more in 2020. The additional hike of housing prices is understandably a concern for Santa Clarita and California residents because the state’s average cost of a home is already at a whopping half a million dollars.
The Energy Commission, however, states that in the long term, the initial cost could be offset for homeowners. While month-to-month mortgage rates could increase by a few extra dollars, utility bills would certainly be decreased.
No need to worry just yet, future Santa Clarita and California home buyers. Solar power may have you forking over more money up front but it will be a worthwhile invest in the future, especially with California’s year round sunshine.
Although California is the first state to pass a law of this type, the growing impact of climate change demands changes and California is here to deliver with sustainable solutions such as new housing that is simultaneously efficient and cost-effective.
Solar is not only for new homes though. There are a host of benefits to installing solar panels to your existing home. More information about Santa Clarita Valley solar services can be found via Pick My Solar, a free, online platform that compares solar offers from the best solar installers. Their competitive marketplace automatically finds you the best deals, saving you time and money. Their website is www.pickmysolar.com.