Benefits of installing solar energy in multi-storey houses

What are the benefits of going solar for a multifamily building?

For building owners, the benefits of going solar are clear:savings and selling points. As the Center for Sustainable Energy notes, “Various utility programs enable the viability of solar for multifamily buildings.

Is solar a viable option for multifamily buildings?

As the Center for Sustainable Energy notes, “Various utility programs enable the viability of solar for multifamily buildings. For instance, virtual net metering allows the kilowatt-hours from the energy produced by the solar photovoltaic (PV) system to be credited to multiple utility accounts

Why should you invest in solar energy?

Whether in low-to-moderate income housing developments or high-end apartment and condo buildings, an investment in solar energybenefits both building owners and their tenants. This market represents a substantial share of the American populace who are gaining access to renewable energy in their living spaces.

What are the energy advantages of a multi-story home?

The primary energy advantage of a multi-story home has to do with the fact that it has less surface area than a single-story home of the same square footage, which means less foundation and roof space exposed to the outside air.

Is solar a good idea for building owners?

The ratio of renters to homeowners is at its highest point in 50 years, with nearly 37% of U.S. households renting rather than owning their own homes. For building owners, thebenefits of going solar are clear: savings and selling points.

How do solar panels pay for themselves?

Essentially, you are structuring the solar panels to pay for themselves over time by usingC-PACE financing.” Other options include secured, low-interest loans from credit unions or banks that are specifically tailored towards improving energy efficiency and the availability of renewable energy.