4 Renewable Energy Options for Homeowners in Southern/Coastal Delaware

You’ve no doubt noticed the many examples of renewable or alternative energy popping up over the last several years, both here in our area and around the country, not to mention the globe.

They’re hard to miss! From solar panels covering rooftops to wind turbines of all shapes and sizes and geothermal heat pumps, they’re all out there in growing numbers. It seems that more and more people are doing their part these days to lessen our collective carbon footprint and be kinder to Mother Earth.

There are several potential roadblocks to taking part in the alternative energy movement, however, that keep some of us who would like to participate from actually doing so.

In our continuing effort to provide value to our readers in many different areas, today we’re going to examine some of the most popular forms of alternative energy in as much detail as we possibly can.

Whether you plan on doing something now, or later, or maybe even never, we hope you find this information useful. Even if you don’t plan on making the leap yourself, maybe someone in your circle is interested and could find use for this data.

Whatever the case may be, there are pros and cons to every alternative. So, let’s take a look… 

  • Photovoltaic (Solar). This is the most well known form of alternative energy and the one that is most visible in our communities and neighborhoods. But what would it actually take to turn your home into a solar powered paradise? Well, we’re glad you asked. Read on…

o   Description: Photovoltaics are best known as a method for generating electric power by using solar cells to convert energy from the sun into a flow of electrons. The photovoltaic effect refers to photons of light exciting electrons into a higher state of energy, allowing them to act as charge carriers for an electric current.

o   Major Advantages: The supply of solar energy is unlimited, while causing no pollution and generating no waste.

o   Major Detriments: High initial costs, and no solar energy is produced at night.

o   Cost: This ranges based on the size of the home and the type of system. But, in general, costs range from about $15,000 for a system that produces around 6 kilowatts per hour, to about $25,000 for a system that produces approximately 10 kilowatts per hour.

o   Financial Incentives: State and federal grants and tax credits are constantly changing, but remain available to most homeowners. Check with your electric company, with a renewable energy company or with your accountant for the most up-to-date information. There's also a useful link at the bottom of this blog post you might want to check out.

  • Wind Turbines. While large wind turbines are mainly used for large corporations and universities (like the one in Lewes), smaller versions are available for home use. As with solar, there are pros and cons of going this route, and we will examine those below.

o  Description. Wind turbines operate on a simple principle: the energy in the wind turns two or three propeller-like blades around a rotor. The rotor is connected to the main shaft, which spins a generator to create electricity.

o   Major Advantages: Wind is free and wind turbines produce no waste or greenhouse gases. They also operate 24 hours a day.

o   Major Detriments: Wind is unpredictable. Some days, there might be a lot of it and some days there might be very little, or even none.

o   Cost: Smaller units generally run in the $10,000 to $20,000 range and larger units can run much more. The larger the unit, the more kilowatt hours it produces per month.

o   Financial Incentives: As with solar, grants and tax credits are available, but are constantly changing. Consult a professional accountant, tax advisor or renewable energy company for more information.

  • Solar Water Heating. This is an option that’s available to many due to its cheaper cost when it comes to installation. Let’s look at this option in-depth as well.

o   Description: Solar water heating is the conversion of sunlight into renewable energy for water heating using a solar thermal collector. 

o   Major Advantages: There is a reduced demand for fossil fuels and, most important to many, it’s much less expensive than other forms of alternative energy.

o   Major Detriments: Again, no solar energy is produced at night.

o   Cost: You’re probably looking in the $8,000 to $10,000 range, depending on the size and the number of gallons you want to heat.

o   Financial Incentives: State grants vary depending on your electric company and federal tax credits are available, as long as half of the energy used to heat the house’s water comes from solar. Consult a professional for more information before starting the process of installing a solar water system.

  • Geothermal. This has become much more popular in recent years, especially here in southern Delaware. It’s much easier to install this type of a system during new home construction, but that’s not to say it can’t be done later on down the road. Let’s examine this option as well:

o   Description: Geothermal energy is the heat from the Earth and it's clean and sustainable. Resources of geothermal energy range from the shallow ground to hot water and hot rock found a few miles beneath the Earth's surface, and down even deeper to the extremely high temperatures of molten rock called magma.

o   Major Advantages: Much more efficient than heat pumps.

o   Major Detriments: Startup costs can be very expensive.

o   Cost: This depends on the size of the home, but probably somewhere in the $20,000 to $30,000 range.

o   Financial Incentives: State grants are available but are capped at certain amounts, and federal tax credits are also available. Again, consult a company that installs geothermal systems, or your accountant, for more information on these financial incentives.

For more information on federal tax credits and state grants, visit www.dsireusa.org.

Looking to buy a home in coastal Delaware? Give us a call at 302-260-2000, or visit our Search Page at theoldfathergroup.com to view homes currently on the market in coastal Delaware.

And if you've had any thoughts of selling your home, visit coastaldelawarehomesvalues.com to instantly learn your home's approximate value.

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