The Value of Solar For Your Home or Business

Top Quality Solar Panels The solar movement in the US is steadily rising, and if you are considering going solar you may want to know exactly how it will benefit you. With the cost of electricity steadily rising, and the federal and state incentives in place, installing solar panels is becoming an attractive option for home and business owners all over the US. Here are a few reasons why the value of solar is so substantial.

ell your information to a third-party but may utilize your information in our marketing systems to contact you in the future. You can opt out of these future contacts at anytime.

A solar power system is customized for your home, so pricing and savings vary based on location, system size, government rebates and local utility rates. Savings on your total electricity costs is not guaranteed.

Value of Solar Panels: Saves on Electricity Bills

The rising cost of electricity is driven by the increasing demand for fossil fuels – mainly coal and oil. A study conducted by the Edison Electric Institute found that electricity prices went up 2.5% annually from 2000 to 2006, and are following a steady upward trend. With solar panels, you are generating renewable energy that can save you up to 50% or more on your utility bills annually. Not only are you protecting yourself from increasing electricity and gas prices by going solar, but you could even payback your investment in as little as 8 years.

  • How It Works: The solar net metering program saves costs on utility bills by allowing the solar user to ‘sell’ back the excess energy produced to utility companies at a retail rate. The credit of the excess energy produced by solar panels off-sets electric energy used from the utility grid by the solar customer, thus creating a return on the customer’s investment in solar panels.

Value of Solar Panels: What’s Trending

Although solar is a relatively new market, it is becoming an increasingly important and vital part of the American economy. In order to meet the demand of the solar market, more and more solar panel manufacturing companies are popping up, and the cost of panels have reduced as a result. According to Solar Energy Industry Association, roughly 20,000 Mega Watts of solar capacity is forecasted to come online over the next two years, doubling the country’s existing solar capacity. 2015 was another record-breaking year for the solar market, and with the increasing demand residential and commercial solar power, installations will only continue to rise at this astonishing pace.

Federal and state government encourages homeowners to go solar by offering great tax and rebate incentives to keep the solar market flourishing through affordable options.

Value of Solar Panels: The Green Movement

The Value of Solar PanelsAmericans are becoming more aware of the negative effects of fossil fuels on the environment. We are at a critical time in history to create solutions to lessen the impact of humanity’s carbon footprint on the planet. In that regard, the solar movement has been one of the most progressive implications of green solutions. Clean, renewable energy is not only affordable, but responsible. With independence being at the heart of American culture, renewable energy will only continue to be a more attractive option for homeowners to become less dependent on utility companies.

Join the cause, increase the value of your home, and save on utility bills by adding the value of solar at your home or business. The experts at Action Air are here to answer any questions you may have in your transition. Call today 800-400-4152 or Get a Free Solar Quote Online!

By submitting this form, I agree that Action Air Conditioning, Heating and Solar can contact me via automated technology and/or pre-recorded messages using the information provided. I understand that this consent is not required to make a purchase.

Action Air Conditioning, Heating and Solar will never sell your information to a third-party but may utilize your information in our marketing systems to contact you in the future. You can opt out of these future contacts at anytime.

A solar power system is customized for your home, so pricing and savings vary based on location, system size, government rebates and local utility rates. Savings on your total electricity costs is not guaranteed.

Top 3 Trending Solar Panel Designs

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Here are the Top 3 Trending Solar Panel Designs and What You Need To Know When Switching to Solar Energy.

If you are considering joining the millions of homeowners who are reducing or eliminating their electric bill, improving energy home efficiency, saving money and the environment, while increasing the value to their homes, there has never been a better time to go solar. Check out the top 3 trending solar designs to help you decide which solar system is right for you and your home.

 

Passive Solar Design: passive solar design - action air

Passive design is practiced throughout the world and has been shown to produce homes with low energy costs, reduced maintenance, and offer superior comfort.

Passive solar design refers to the use of the sun’s energy for the heating and cooling of living spaces. In this approach, the building itself or some element of it takes advantage of natural energy characteristics in materials and air created by exposure to the sun. Passive systems are simple, have few moving parts, and require minimal maintenance and require no mechanical systems.

There are three approaches to passive systems – direct gain, indirect gain, and isolated gain. The goal of all passive solar heating systems is to capture the sun’s heat within the building’s elements and release that heat during periods when the sun is not shining. At the same time that the building’s elements (or materials) is absorbing heat for later use, solar heat is available for keeping the space comfortable (not overheated).

Active solar power systems are the type that you see on most houses. They consist of flat plate solar panels that sit on the roof, and other equipment, like an inverter, that actively enhance the process of turning heat into energy. Passive solar design, on the other hand, means using your structure in and of itself as a way to convert solar heat into energy, often with solar panels as supplemental solar collectors.

Passive designs work for off-grid heat supply because the building materials that you use and how you install them are what determine how much sunlight can be converted into energy and therefore heat for your home or hot water. The type of collector, or panel, that this calls for is not roof-mounted. It can therefore be much less conspicuous in your home’s aesthetic.

 

Frameless Solar Panels:Frameless Solar Panels - Action Air Conditioning, Heating and Solar

Frameless solar panels usually have glass on both the front and back, making them less flammable than the regular models, which have a polymeric sheeting on the back. The lack of a metal frame also provides less of an electrocution hazard to installers. Some regular models have problems with electrical current leaking out through the frame—because of this, frameless models are often more efficient. They are less clunky and tend to blend into the home’s design a little more seamlessly.

The most notable benefit is no need for grounding. Frameless modules are also great for those worried about potential induced degradation (PID). Electrical current can’t leak out of a frame that isn’t there, so modules are more efficient. If it’s a dual-glass module, it has a stronger fire safety rating because there’s no back-sheet. Frameless modules also provide a unique aesthetic value for customers who want to blend their solar systems into roofs.

 

building designBuilding-Integrated Photovoltaics:

Building-integrated photovoltaics (BIPV) are solar panels designed to replicate and take the place of building materials. You could cover your entire roof in PV cells designed to look like shingles, or you could have solar windows. There are so many design options for BIPVs that will match the look of your home. When it comes to the cost, you’re replacing certain conventional materials with the PV cells, which means only paying for the cells.

Building-integrated PVs are less conspicuous than their traditional counterparts. Solar shingles and windows are a perfect example of building-integrated solar design. These often cover an entire facade of a building or an entire roof area for continuity. Unfortunately, this type of technology is more costly and less efficient than conventional photovoltaics—but for structures whose design is an important aspect of its function, BIPVs can be an eye-pleasing step in the right direction.[/vc_column_text][ultimate_spacer][/vc_column][/vc_row][vc_row][vc_column][ultimate_spacer height=”10″][ultimate_spacer height=”10″][/vc_column][/vc_row][vc_row][vc_column][ultimate_spacer][vc_cta h2=”Get Your FREE Solar Quote Now!” add_button=”right” btn_title=”Get FREE Solar Quote ” btn_style=”classic” btn_color=”primary” btn_i_icon_fontawesome=”fa fa-check” css_animation=”appear” btn_link=”url:http%3A%2F%2Fwww.actionac.net%2Fsolar-energy%2Fsan-diego-solar-company||” btn_add_icon=”true”]Are you ready to go solar? Now is the time to act! Get your residential solar panels installed before the end of the year to get tax credits and rebates back for 2016. Contact our solar experts today for your FREE solar quote and start saving.[/vc_cta][/vc_column][/vc_row]

Get Energy Efficiency Upgrades through CaliforniaFIRST Financing!

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What you need to know about CaliforniaFIRST Efficiency financing and how to use it for home solar installations and HVAC energy upgrades.

In the harsh environment that is a long-term drought in the Southwest, CaliforniaFIRST offers upfront financing for energy efficiency, renewable energy and water saving improvements to your home or business.

How Does CaliforniaFIRST Efficiency Financing Work?

CaliforniaFIRST Efficiency financing provides 100% Property Assessed Clean Energy (PACE) financing for home energy and water saving upgrades for your home. The program offers affordable long-term financing that property owners repay on their property tax bill. Owners can finance up to 15% of their home’s value with flexible repayment terms of 5, 10, 15, 20 or 25 years. With this kind of financing program you should be able to focus on the best parts of your home instead of worrying how to pay for efficient upgrades.

How Do I Apply For CaliforniaFIRST Financing?

The application process is simple – you can apply directly online or talk to a representative on the phone. The application takes minutes for approval and once approved you will get upfront money to start your upgrades immediately with your choice of CaliforniaFIRST registered contractors, like Action Air. Once you have the work completed, you simply repay the financed costs on your property tax bill.

There are a variety of financing options available for home energy upgrades. Action Air is also a registered HERO financing contractor. Contact our experts to learn more about home solar installations or HVAC energy upgrades.

Why Should I Invest in Solar or HVAC Energy Efficiency Upgrades?

Doing energy efficient upgrades can add value to your property, as well as increase your comfort and enjoyment of your home. Installing energy efficient HVAC systems, newer efficient water heaters or solar panels can lower your monthly utility bills. Drought resistant landscaping can also alleviate monthly water costs and beautify your property all while contributing positively to the state’s water crisis. All of these upgrades can be financed through the CaliforniaFIRST program.[/vc_column_text][ultimate_spacer height=”10″][/vc_column][/vc_row]

Solar Panels: How They Save the Environment and Energy Costs

Drive through any southern California neighborhood and you are likely to see solar panels on the roofs of residents who have decided to save money, reduce their home energy use, and support the environment by going solar.

solar-panels-california In fact, California is leading the solar revolution and has become the first state to generate more than 5% of electricity from utility solar. More and more businesses and residents in southern California are taking advantage of year round energy-producing sunshine, and saving thousands on their electric bills. With so many advantages of going solar, one of the first questions inquisitive minds ask is: how do solar panels work?

Simply put, a solar panel works by allowing photons, or particles of light, to knock electrons free from atoms, generating a flow of electricity. Solar panels are comprised of many, smaller units called photovoltaic cells (photovoltaic simply means they convert sunlight into electricity).

One solar panel is made up of many small photovoltaic solar cells. Each of these cells uses light to make electrons move.:Below is a step by step process of how your solar panels convert the sun’s light into energy for your home.

  • Everyday, light hits your roof’s solar panels with photons (particles of sunlight)
  • The panel converts those photons into electrons of direct current (“DC”) electricity. Naturally, the sunnier it is, the more energy is produced by the panels.
  • Those produced electrons flow out of the panel and into an inverter and other electrical safety devices.
  • The inverter converts that “DC” power into alternating current or “AC” power. AC power is the kind of electric juice that your television, computer, and toasters use when plugged into the wall outlet.
  • A bi-directional meter keeps track of the all the power your solar system produces. Any solar energy that you don’t use immediately will go back into the grid through the meter. Then at night or on cloudy days, that extra solar juice is credited back to your bill.
  • Some homes will store the energy created from solar panels with a battery, this is not as common as connecting to the grid, but if you are able to accomplish this, then you have truly become energy independent!solar-panels-in-california

Solar Tip! Solar panels that can avoid shade, can maximize sun coverage will produce the most solar energy power.

Considering going solar for your home energy needs? Don’t miss out on available tax credits and rebates that you can take advantage of

before the end of the year. Contact our solar experts on the web or by phone 800-400-4152. Action Air, your solar San Diego professionals.

Can I Take My Solar Panels With Me When I Move? | Solar San Diego

Although not a question we get very often, we occasionally have people ask what happens to their solar panels if they decide to move. Some people wonder whether they can take their solar panels with them when they move. Technically, the answer to this question is yes, but the better question is  actually “should I take my panels with me if I move?”

Solar panels require a considerable investment to install. Much of the cost for solar electric systems comes in the form of labor to install the panels. Paying for labor to remove the panels and then again to have them re-installed at your new home can significantly reduce or even nullify the gains investing in solar would yield.

Solar Panels Improve Home Value

Installing solar on your home can have a considerable impact on your home’s value. Studies have shown that homes with solar not only sell for more, they sell faster. Removing the panels from your home would actually be counter-intuitive because you can realize a higher resale value, which you can then use to re-install new panels on your home.

Although there haven’t been significant leaps in solar technology, newer panels are likely to be more efficient than your older panels and installation costs have dropped considerably in the last few years (by more than 60 percent in some areas in fact), so you will likely come out ahead financially by simply leaving the panels on your current home and buying new.

What to Do If You Want to Take Your Solar Panels With You

If we haven’t convinced you otherwise and you still want to take your solar panels with you, be sure to hire a qualified electrician or builder who is certified to perform solar panel removal. The panels will need to be removed in a manner that will not damage them and properly packed for transit. If your panels are damaged during transit after they have been removed from your home, they will not be covered by manufacturer warranty, leading to additional expense to have your system re-installed on your new home.

What If I Lease Panels?

Although we do not provide solar leasing programs,  some homeowners do choose to lease solar panels. Policies for what happens with your solar panels if you move while under a leasing agreement varies by provider. Please check with your provider to learn more about their specific policy.

Want to Learn More About Solar in San Diego?

If you are considering installing solar and want to learn more about solar San Diego installations and the surrounding area for your home or business, give us a call or fill out a contact form on the right. Our solar technicians can discuss the options that are available to you, assess your home’s solar potential, and even provide you with production and return on investment estimates!

Contact us today to get started!

Will Solar Increase My Property’s Value?

Trusted Solar Panel Installation in San Diego, CA Many homeowners often worry that solar panels will not increase their property value—or worse—will make it decline. Numerous studies on the impact of solar panels on property values have determined that this is not the case, however.

How Much Will Solar Panels Improve My Property Value?

A recent study by Wells Fargo Bank and the Journal of Appraisers stated that adding a residential solar electric system adds value at a rate of 20-to-1 of the savings in utility savings. This increases the value of a home by 3-4 percent.

Other studies have shown property values can actually increase even more! The impact on property values can vary considerably by the part of the country you live in. In our area, Southern California, homes with solar and energy efficiency upgrades are highly sought after and command a premium on the home market. In addition to being worth more than comparable homes without solar electric systems, they sell faster!

In fact, the National Renewable Energy Laboratory found that homes with solar power sold faster than to the equivalent of homes without.

Can I Calculate How Much Solar Panels Will Increase my Property Value?

Absolutely. There are a number of great, free, tools available online that allow you to quickly and easily calculate potential property value increases from installing a solar photovoltaic system on your home.

We like http://pvvalue.com. This website is run by Sandia National Laboratories, a multi-program laboratory managed and operated by Sandia Corporation, a wholly owned subsidiary of Lockheed Martin Corporation, for the U.S. Department of Energy’s National Nuclear Security Administration.

Simply register to download their PV Value tool in excel form and fill in the necessary information to determine the impact a solar electric system may have on your property values.

Want to Learn More About Solar in San Diego?

Highest Quality Solar Panels in San Diego, CAIf you are considering installing solar and want to learn more about solar installation in San Diego and the surrounding area for your home or business, give us a call or contact us on the web. Our solar experts can discuss the options that are available to you, assess your home’s solar potential, and even provide you with production and return on investment estimates!

Contact us today to get started!

Do I Need to Adapt My Home Or Business to Run on Solar?

Using Solar Power in San Diego This is a question that we are commonly asked. Many people think they may need to upgrade the appliances or electrical devices in their home if they install solar, but you do not.

The confusion often arises because people read that solar power is produced in direct current (or DC current), but the appliances in a standard North American home run on alternating current (or AC current). To overcome this difference, installed with every residential or commercial solar installation is an inverter system that converts DC current to AC current.

Why Does Energy Produced From Solar Need to Be Converted to AC Power?

There are two main reasons why DC power from solar panels must be converted to AC format. First, as we mentioned earlier, the appliances and electrical devices in your home are designed to run on alternating current.

Secondly, the majority of solar installations are grid connected. Homes and business with solar pull DC current electricity from the grid when their solar arrays are not producing enough power and when they are producing more than they’re using, they send power back out onto the grid. Any current sent onto the grid must be in the same AC format that conventional electricity is transmitted in.

Will I Experience Any Differences At All Once I Go Solar?

No! Everything will continue to work as normal in your home. The only change you’ll notice is the big change in your electricity bill!

Want to Learn More About Solar in San Diego?

Reliable Solar Contractors in San Diego If you are considering installing solar and want to learn more about solar installation in San Diego and the surrounding area for your home or business, give us a call or fill out a contact form on the right. Our solar technicians can discuss the options that are available to you, assess your home’s solar potential, and even provide you with production and return on investment estimates!

Don’t miss out on your chance to het $0 down financing and 2015 Tax Rebates before the end of the year. Contact Action Air Conditioning, Heating and Solar to get started today!

HERO™ Financing Through Action Air Can Help You Get Solar For Your Home

HERO™ FINANCING (Home Energy Renovation Opportunity)

If you’ve recently been considering going solar but are not sure how to pay for it, we’re here to let you know that HERO™ financing is available through Action Air Conditioning, Heating and Solar!

HERO™ is different from traditional consumer financing programs because it is based primarily on the equity a property owner has and because HERO™ does not base decisions on household income or FICO scores. This allows anyone to easily get financing for their solar installation needs. Eligible costs under the HERO™ financing program include both the cost of the equipment and the installation costs.

HERO™ offers fixed interest rates typically ranging from 5.9 – 8.9 percent and offers 5, 10, 15, and 20 year loans. Adding solar to your home will help increase your homes value and give you the ability to become energy independent!

action-air-san-diego-solar-residence-solar-projectsBy the end of this year, HERO™ will be available in more than 120 communities in California. The program has helped fund more than 10,000 residential projects for energy efficient upgrades through access to more than $165 million in financing. In addition, the HERO™ program has helped create more than 2,100 jobs in California.

What is the HERO™ Program, and how does it work?”

HERO™ enables residential and commercial property owners to install energy and water efficient improvements and renewable energy systems by having a special assessment put on their property tax bill. Payments are made through their local county with their property taxes over time.

What types of home improvements are available under the Program?”

Over 150,000 products and services quality. Typical projects include: solar photovoltaic (PV) systems; energy efficient space heating, air cooling and ventilation (HVAC); cool roof systems; energy efficient windows, skylights, and doors; solar thermal water heating; air sealing and weatherization; insulation; water heating; indoor energy efficient light fixtures; and water efficiency measures.

What are the costs and benefits of joining HERO™ for my community?

There are no hard costs to joining the HERO™ program and it does not require any dedicated staff resources to develop or implement the program. Additionally, your community will see numerous economic benefits including:

  • Reduce energy consumption
  • Stimulates local businesses
  • Creates sustainable jobs
  • Lowers greenhouse gas emissions

Why should we choose HERO™ compared to another PACE program?

HERO™ is the nation’s fastest-growing PACE program. By choosing HERO™, your community is choosing a program with a proven track-record of stimulating economic growth. The program was developed with a network of home improvement contractors who count on HERO™ to build their businesses. They are creating new jobs everyday and plan to expand into regions where HERO™ Financing is offered.

Installing a solar panel system to your home is a big investment and we at Action Air Conditioning, Heating and Solar want to make sure that financing your solar upgrade or installation is easeful and affordable. Contact Action Air today to see how HERO™ financing can help you go solar today!

Savings Breakdown: When Solar Will Start Paying Off

If you are thinking about installing a solar energy system in your home, one of the foremost questions on your mind is probably “When will I start saving money?”

You’re not alone in wondering whether you should wait a few years for the industry to ripen or just go ahead and take the plunge. But if you have an accurate picture of how and when your system will pay for itself, chances are you will feel more ready to get out from under the thumb of spiking utility costs and take advantage of this opportune time to commit to solar.

 

solar-energy-system-in-california Immediate Monthly Savings 

A solar energy system will save you anywhere from $44 to $187 per month on your utility bills, and this number will only get higher as utility costs rise. You don’t have to wait around for these savings or worry that they might not come to fruition—as soon as your system is up and running, the savings will be reflected on your next bill. Over 20 years, you could save $20,000 or even $30,000.

Think about it like this: the longer you wait, the more you will be paying your utility company in the meantime. Instead of holding out for the optimum time to install solar, realize that your window of opportunity is here, now.

 

Incentives and Tax Breaks

The price of solar modules has significantly reduced over the last decade. As the demand for solar energy grows, the industry has adapted, providing more efficient technology and more availability in residential areas. But the price isn’t the only perk you should take advantage of while you can. Government tax breaks, along with local and state incentives, mean that thousands of dollars could be subtracted from the cost of installing your solar energy system. Currently, the federal tax break is at 30 percent. That means that your system may take even less time to pay for itself than you would expect.

 

Home Value Increase

Regardless of month to month savings, there are other ways that your system pays off. Prospective home buyers are willing to pay thousands more for a home with a host-owned solar module. Studies have shown that rooftop solar panels, on average, add $15,000 to a home’s value. Remember that this is just an additional perk of boosting your home’s green credentials and generating your own affordable, sustainable energy.

 

Solar

solar-energy-system-california

There’s no flat rate across the board for how much solar can save homeowners each month, according to Modernize. The positioning of your house, the size and pitch of your roof, and the shade in your yard are all factors that could impact how well your solar energy system is able to convert radiant heat to energy and therefore how much you will save on energy bills. The only way to know exactly how much you will save is to get a quote—and the only way to save is to take the dive into sustainable energy.

Don’t wait any longer to go solar! Contact an Action Air Solar Representative now and schedule your FREE ENERGY AUDIT.


Blog Post Written for Action Air via Modernize

White House Announces New PACE Financing Program for Homeowners to Add Solar Panels To Homes

President Obama Announces New Actions to Bring Renewable Energy and Energy Efficiency to Households across the Country

It was announced today that the Obama Administration is launching new initiatives to help continue to promote Solar Energy production for homeowners. This will new plan is set to help advance clean energy technology innovation, cut energy bills for homeowners, and create additional clean sector jobs in the U.S.

Within the press release submitted today, President Obama stated that he is committed to taking responsible steps to address climate change, promote clean energy and energy efficiency, drive innovation, and ensure a cleaner, more stable environment for future generations. That is why at Senator Reid’s National Clean Energy Summit later today, he is announcing a robust set of executive actions and private sector commitments to accelerate America’s transition to cleaner sources of energy and ways to cut energy waste.

These actions build on state leadership, all across America, to continue to expand opportunities to install energy saving technologies in households today, particularly those that need it most, while driving the development of innovative, low-cost clean energy technologies for tomorrow.

Last year, the United States brought online as much solar energy every three weeks as it did in all of 2008, and the solar industry added jobs 10 times faster than the rest of the economy. Since the beginning of 2010, the average cost of a solar electric system has dropped by 50 percent. In fact, distributed solar prices fell 10 to 20 percent in 2014 alone and currently 44 states have pricing structures that encourage increased penetration of distributed energy resources.

Americans are also more empowered to capture opportunities to improve efficiency and cut energy waste. In fact, up to one third of households can track their energy use and learn ways to make choices on how to save on their energy bills. Since President Obama took office, the U.S. Department of Energy has already put in place appliance efficiency standards that will save American consumers nearly $480 billion on their utility bills through 2030, and the Environmental Protection Agency’s ENERGY STAR Program continues to help save consumers more than $34 billion per year going forward.

The executive actions and private sector commitments President Obama is announcing today will continue to promote the use and development of smart, simple, low-cost technologies to help households save on their energy bills and help America transition to cleaner, and more distributed energy resources. These include:

  • Making $1 billion in additional loan guarantee authority available and announcing new guidelines for distributed energy projects utilizing innovative technology and states looking to access this financing;
  • Unlocking residential Property-Assessed Clean Energy (PACE) financing for single-family housing to make is easier for Americans to invest in clean energy technologies;
  • Launching a new HUD and DOE program to provide home owners with a simple way to measure and improve the energy efficiency of their homes, by increasing homeowners borrowing power;
  • Creating a DOD Privatized Housing Solar Challenge, and announcing companies are committing to provide solar power to housing on over 40 military bases across the United States, while saving military families money on energy bills and making military communities more energy secure;
  • Announcing $24 million for 11 projects in seven states to develop innovative solar technologies that double the amount of energy each solar panel can produce from the sun;
  • Approving a transmission line that will support bringing online a 485-megawatt photovoltaic facility that will be constructed in Riverside County and produce enough renewable energy to power more than 145,000 homes; and
  • Creating an Interagency Task Force to Promote a Clean Energy Future for All Americans; and announcing independent commitments from local governments, utilities, and businesses that are stepping up to drive energy efficiency in more than 300,000 low-income households and investing more than $220 million in energy saving activities for veterans and low-income customers to help decrease their energy bills.

Today’s actions build on a longstanding commitment to create a clean energy economy for all Americans, will help states meet the targets in the Clean Power Plan announced earlier this month, and set us on a path to reach the President’s goals, including:

  • Achieving an economy-wide target to reduce emissions by 26%-28% below 2005 levels in 2025;
  • Increase the share of renewables – beyond hydropower – in their respective electricity generation mixes to the level of 20% by 2030;
  • Installing 300 megawatts of renewable energy across federally subsidized housing by 2020; and
  • Doubling energy productivity by 2030.

Don’t miss your opportunity to install solar on your home before the end of the year so you can also take advantage of the tax credit associated with going solar. Contact Action Air today for a FREE ENERGY AUDIT and learn how you can save energy and money! 


 

Below is additional information provided within the press release on additional executive actions the administration has launched to help drive clean energy and cut energy waste within the United States, you can read the full list here.

For more than 80 years, the Federal Housing Administration (FHA) has provided low-income households and underserved communities access to safe and affordable mortgage credit. And with today’s announcement, FHA will provide additional opportunities for borrowers with FHA insured loans to benefit from affordable financing of home energy improvements, saving them money, and improving the environment. Today more than 7.6 million households in the U.S. live in FHA-insured single family housing. To accelerate this transition and drive the deployment of renewable energy and energy efficiency in single family housing, the Department of Housing and Urban Development is taking the following actions:

  • Unlocking Residential Property-Assessed Clean Energy (PACE) Financing: PACE is an innovative mechanism for financing energy efficiency and renewable energy improvements. PACE financing allows homeowners to benefit from energy improvements immediately and pay back the cost over time through their property taxes. When the property is sold, the remaining PACE loan stays with the more energy efficient property and the next owner is responsible for repaying the loan. PACE programs have the potential to unlock alternative sources of capital to accelerate renewable energy and efficiency retrofits for households, and reduce energy costs for consumers.
  • To remove existing barriers and accelerate the use of PACE financing for single family housing, HUD’s Federal Housing Administration (FHA) is announcing today that, under guidance to be issued soon, properties with subordinated PACE loans can be purchased and refinanced with an FHA insured mortgage. HUD is issuing a preliminary statement indicating the conditions under which borrowers purchasing or refinancing properties with existing PACE assessments will be eligible to use FHA-insured financing. Secretary Castro is also sending a letter to Governors describing the options the FHA offers to make it easier for consumers to undertake energy efficiency and renewable energy improvements in their homes. FHA’s evolving PACE guidance is also being informed by ongoing conversations with the Federal Housing Finance Agency.
  • This action is distinct from the multifamily PACE guidance for the State of California that HUD released earlier this year. The guidance clarified the circumstances under which HUD will approve unsubordinated PACE financing on HUD-assisted and -insured multifamily housing in California in order to facilitate the establishment of a California Multifamily PACE Pilot.
  • Increasing Homeowners Borrowing Power to Make Energy Efficiency Improvements: HUD’s FHA Energy Efficient Home Program and DOE are launching a program to provide potential homeowners with an easy way to measure and improve the energy efficiency of their homes. Under the new HUD and DOE Home Energy Score partnership, in areas where the Home Energy Score is available, single family households will be able to increase their access to financing tools to make energy efficiency improvements. DOE’s Home Energy Score offers a “miles per gallon” type rating to estimate a home’s energy use on a 10-point scale. A “1” corresponds to the least energy efficient homes and a “10” corresponds to the most energy efficient homes, while the average U.S. home will score a “5.” Through this new partnership, homebuyers or homeowners who want to obtain an FHA-insured purchase or refinance mortgage for a single family home that receives a Home Energy Score of 6 or higher will be eligible to increase their income qualifying ratio by 2 percentage points above the standard Single Family FHA limit, making it easier to secure financing to make these improvements.