What you need to know about California’s new solar policy

California has now become the first state requiring that all new homes have solar power. This mandate has come from the California Energy Commission and is going to become effective in 2020. California already boasts of producing half of the solar energy. Some of the motivation for the new policy of California came from the state’s resolve to produce more than 50 percent of its energy for renewable resources by the year 2030. In this scenario, there is a great demand for installing of photovoltaic California.

There are certain things you should know about this new mandate to know how what you need to keep in mind to derive maximum profits from the forward-looking policy. First of all, this is a policy which sounds like a win in all aspects.

Homes which need to comply

Single-family homes, as well as multi-family buildings up to the height of three stories, must confirm to the new solar panel standards. There are several new homes which are built under the current standards and installing the solar panels, these are expected to use less than 53 per cent less energy than the ones built using previous standards.

General Considerations based on facts

It is predicted that mandatory solar panel installation and related improvements are going to add nearly $10,000 of the upfront cost of the home. However, this cost would get balanced out over time due to the considerably lower energy bills.

In the year 2020, the homeowners would have the direct option of paying for the solar panels upright or leasing them and entering into a purchase agreement with developers.

The new rule is finding a great support form industry groups despite the fact that it may have an immediate impact on the increase in the prices of homes affecting homebuyers and real estate agents. This is probably due to the long term benefits the policy aims to achieve. California is hoping to achieve its carbon-neutral status in the 30 year period following the implementation of the mandate.

You can find out more about policy of photovoltaic California and what are the important aspects related to making the most of solar policy of the state by getting in touch with experts at Phoenix Renewable Services.