Solar Shingles, what a great investment!

After receiving our last utility bill, I was searching to see what would be a cost effective improvement to our home. I already know that we need new windows but, look what I found! Solar Roof Shingles!! I have been waiting for so long for those ugly, bulky solar panels to be replaced with something a homeowner could actually use.  Since our home is in the sunlight ALL DAY LONG, this is PERFECT!! The cost is a bit high but with the tax credits and rebates, it cost just as much as getting a new roof (in most instances).  

 
solar shingles


Solar roof shingles qualify for federal tax credits through the Energy Star program. To qualify for the tax credit, the photovoltaic systems must provide electricity for the residence and must meet applicable fire and electrical code requirements; in addition, they must be installed and ready to use by December 31, 2016. The tax credits include 30% of the cost. There are also numerous state tax credits, so make sure to check with your local government to see if your state offers any additional credits.

Electricity is generated when the sun strikes a semiconductor layer, typically made of crystalline silicon, laminated to the shingle's surface, which in turn creates electricity for your home. The shingles are installed over new or existing roof sheathing, then an electrician (or trained roofer) has to wire the units together and tie them in to your home's electrical system. Solar roof shingles are more effective in climates where there is sun most of the year.

cost

As with most new technologies, solar roof shingles are very expensive. Typically, costs run from $10,000-$14,000. Even with the tax credits, that is a lot of money. But an excellent perk to keep in mind is that some utility companies will permit you to sell unused watts back. In other words, if you generate more electricity than you actually need (this can happen on really sunny days), then you can earn money back - and in some cases get your utility bill down to just a few dollars. Another factor worth thinking about when considering the price is how much your local company charges for electricity. Some areas may be cheaper than others, and if you are in one of these cheaper areas and also have a lot of sun, then you are an excellent candidate for solar roof shingles!

Benefits of Solar Shingles

- Attractive style

- Fully integrated shingle roof

- Lower electric bill

- Free electricity

- Pollution-free power

- Increased home value

- Protects the environment

- Exceptionally durable

- Great investment

- Significant state cash rebates available

- Federal tax incentives available

To be honest, right at this moment solar shingles might still seem expensive to some, but as any new technology develops its products become cheaper with time. However it does look as though the cost will be considerably lower than installing a comparable set of conventional solar panels. In one recent example, the entire cost of a home solar shingle installation was approximately $16,000, with a $12,000 tax rebate. This brought the entire cost to only $4000. That's considerably lower than the usual cost involved in installing a home solar power system - but one has to keep in mind as well that the cost of tiling or shingling a roof is covered at the same time. These are, after all, shingles as well as solar panels.

Clean energy cash incentives and tax rebates are available at a federal level, and most states also have a clean energy or sustainable energy source rebate program. This, combined with energy savings, does make them affordable, and will in most cases pay for itself over time.

What a GREAT idea for all of us!!!

 

Diane Casale, Coldwell Banker First
 

 

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DIANE CASALE, REALTOR, ABR, SNP

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Coldwell Banker First

Huntsville, Alabama

 

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Comment balloon 13 commentsDiane Casale • July 28 2010 12:49PM

Comments

Terrific idea...thanks for bringing this to our attention!

Posted by Li Read, Caring expertise...knowledge for you! (Sea to Sky Premier Properties (Salt Spring)) over 8 years ago

that's very cool.

Posted by Alan May, Helping you find your way home. (Coldwell Banker Residential) over 8 years ago

Diane that certainly is a green alternative that may catch on. I know I have considered it but the costs are so high that it just did not make economic sense to do it.. .and previous solar "stuff" was just UGLY! this may be worth looking into.

 

Posted by Robert Rauf (HomeBridge Financial Services (NJ)) over 8 years ago

What a great investment for the home owner the solar panels will pay for themselves over time. Thanks for sharing.

Posted by Pat Champion, Call the "CHAMPION" for all your real estate needs (Coldwell Banker Camelot Realty) over 8 years ago

Li, you are welcome.

Alan, it is a REALLY cool option.

Robert, you are right, those panels were UGLY. These just integrate into the roof shingles.

Pat, yes they will. Believe it or not, we are paying between $250-$350/month in utility bills. Much of that is electric (darn kids-lol). I would LOVE to pay only 40% of that.

Posted by Diane Casale, REALTOR®, ABR®, CNAS®, SNP, Selling North Alabama (Coldwell Banker First, Huntsville, AL) over 8 years ago

Diane, do you have a to the company for more info on these?

Posted by Robert Rauf (HomeBridge Financial Services (NJ)) over 8 years ago

Robert ~ http://www.oksolar.com/roof/ or http://www.spheralsolar.com/products/Solar-Shingles-and-Roofing-Membrane.html. You can also Google "Solar Shingles" to find a place close to where you live. I am going to look into this further because I am very interested in putting these on my house. I will let you know what I find out.

Posted by Diane Casale, REALTOR®, ABR®, CNAS®, SNP, Selling North Alabama (Coldwell Banker First, Huntsville, AL) over 8 years ago

Great post! Excellent information's on solar shingles! Sound like it's a great investment!

Thanks for sharing,

Adam

Posted by Adam Malachi, QSC,CDPE,CIPS,CNE,CRB,CRS,GRI,MRE,SFR (A 2 Z Realty LLC) over 8 years ago

Thanks Diane, Keep us posted  (ok, just keep me posted!) I am currious too... My roof is 16 yrs old, it could be an alternative to look into

Posted by Robert Rauf (HomeBridge Financial Services (NJ)) over 8 years ago

We need a new roof too......and we get LOTS of sun!  I'll have to look into these solar shingle as a possibility.

Posted by Ann Allen Hoover, CDPE SRES ASP e-PRO Realtor - Homes for Sale - AL (RE/MAX Advantage South) over 8 years ago

Oh my goodness, I'm so excited I found your post.  My mom's house is in need of a new roof in the next year or two, and since I can't convince God to send a hailstorm over her house so insurance will cover it, this might be the way to go!

Posted by Shelley Rowton, ABR, RSPS - (512) 507-5779 MoveToRealty of Austin (Move To Realty) over 8 years ago

Adam~Thanks. Sounds like a great investment to me as well.

Adam, Ann and Shelley~Glad to give you something to think about. We are thinking about adding on to our home (if we don't buy something-lol) and this would be a perfect thing to put on the addition. I think it would drastically reduce our electric bill. Good luck to all of you. You need to let me know if you decide to install these.

Posted by Diane Casale, REALTOR®, ABR®, CNAS®, SNP, Selling North Alabama (Coldwell Banker First, Huntsville, AL) over 8 years ago

Diane what a great way to reduce power bills. What better way to invest into your home.

Posted by Diane Williams over 8 years ago

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