Sobering studies published last month by the International Energy Association and the National Petroleum Center suggest that the supply of traditional energy sources may not meet demand by 2015, strong evidence yet again that electric costs will continue to climb.
Members of co-op and condo associations have seen their maintenance fees rise as a result of utility increases. Builders as well are realizing that utility and associated maintenance costs can greatly impact the salability of apartments and condos.
Alternative energies like solar are increasingly recognized as a viable energy source. Recently Wal-Mart announced their plan to install solar energy systems at 22 of their store locations. Solar has gone mainstream.
When viewed over a seven to ten-year term, solar's economics are compelling. Investing in a system will produce electricity at a fraction of today's rates for in excess of thirty years, resulting in considerable energy savings and environmental benefits.
Incentives for Solar
Both New York and New Jersey have rebate incentive programs to substantially reduce the cost of installing solar electric systems. A combination of state and federal programs can cover up to 50 percent of the cost of the system.