With the constant rise of the prices of electricity, it is high time now for multi-family housing owners to tap solar energy as an alternative energy source. A solar photovoltaic system is now affordable, and the multi-family building sector can benefit big-time from this trend.
For instance, installing a solar power system is a proven way to boost property value, enhance the housing’s appeal to tenants, cut utility expenses, and stabilize your operating budget.
However, gaining access to these advantages brought by solar energy can be complicated in a multi-family building setting. So, how property owners and managers do it? Here is a list of ways how to utilize solar energy in multi-family housing.
Solar Energy Procurement
In almost half of the states in the US, energy is deregulated. That means that you as a property owner or manager has a choice of what type of energy you will use and who will be your supplier. Many people call this energy procurement, and you can choose from an array of energy sources, including solar energy, to power your multi-family house.
Since the price of solar energy is now affordable, there are few reasons why you will not make a shift to it. If you want to shift to the use of solar energy, you should now look for an energy broker that can help you analyze the cost of your solar energy and get rates to your advantage.
Shared or Community Solar Energy Plant
If you want to have a clean energy source and your roof is not suitable for installation of solar panels, then you can go for shared solar. Shared solar enables property owners or individual housing units to purchase electricity from a community solar plant.
It is simply like paying your electricity bills the old way, only that it is now affordable and what you are using is renewable energy. That also means that you will have no more worries about the solar PV installation. A private utility or NGO typically run community solar plants, so all you have to do is pay for your solar energy consumption.
Battery Storage and Solar PV
Battery storage technology along with a solar photovoltaic system will indeed put property owners to an advantage. When you have these two, you will practically eradicate high electricity expenses. It is because owners will now have control over the production and consumption of energy to power their homes and buildings that they own.
Plus, if natural disasters come and there is a restriction to electricity, you will have less problem in this situation. You have your energy storage in your residence, and you can use it anytime you want.
Solar Water Heating
A solar water heating system is practical to have in your multi-family housing because it is renewable and you will get big discounts. With the use of solar water heating system, you will lessen the carbon footprints you use in your residence. You can now heat your water for bathing and drinking without worrying about greenhouse gas emissions.
Residential Solar Panels
Solar panels on rooftops are excellent to have electricity in a multi-family housing setting. Installing them is not only beneficial for you as a property owner, but it will also benefit your tenants since there will be a reduction of their energy expenses.
Thus, it is essential that you install solar panels in your residence. You can check out GStore for high-quality solar panels to install in your home.
Solar power is an excellent energy source to use in your multi-family housing. When you use solar energy, you will have a boost of your property value, help offset the negative impact of climate change, reduce expenses, and stabilize your operating budget. That is why it is high time that you should consider using solar energy now.