Going green may sound silly when you’re looking out at a lush pasture with one or more friendly foals grazing about, but the green you can get from going solar may mean cash as well as helping the environment. If you’ve got a building with a large roof (a ranch house or barn), it could be helping mitigate your electricity cost and environmental impact or even making you money. Here’s how to go green with solar energy.
Around the world, companies are experimenting with different ways to heat and power homes. Finnish cattlemen have turned to the energy trapped in manure, while ranchers in the states are looking towards solar. One of the companies driving the innovation, Vivint Solar, notes that the switch to solar has already saved the equivalent of 10 million pounds of burned coal from entering the atmosphere. Each installation does its part for a greener world less reliant on oil or coal reserves.
Savings or Revenue Stream
Many homes rely on local power grids to draw all the energy needed for both human and equestrian housing. Barns and ranch houses can rack up considerable electricity bills in both the sweltering summer heat and snowed-in winter cold.
The installation of solar panels mitigates much of the cost of regular heating and cooling, and correct installation can even see the cost become negative as the property becomes self-sufficient. In many areas, power companies are even paying owners of solar installations for returning power to the grid, making energy production a profitable revenue stream for owners.
Refinancing for Improvements
Vivint Solar also cites studies that show solar energy increases the value of homes and other properties. Federal and state incentives for green energy initiatives can further offset the costs, freeing up cash or equity for other needs when it’s time to refinance or renegotiate your mortgage. This means that upgrades you plan to install can help your case when you’re getting ready to refinance.
Your budget is often key in determining which needs get met, and going solar can give you more to work with both now and in the future. At the very least, the switch to solar energy will make your property a marvel of the local community and showcase the combination of down-home values and modern ingenuity that make modern horsemanship a wonderful experience.