While cheaper fuel beckons for the US and Europe, weak oil-producing nations face hardship from the vast transfer of wealth.
Long Islandâs high electric costs have made it an attractive market for solar. About 40 percent of all systems installed in New York are on Long Island, according to the stateâs Energy Research and Development Authority.esearchers found that buyers were willing to pay a premium of $15,000 for a home with the average-size solar photovoltaic system (3.6 kilowatts, or 3,600 watts), compared with a similar home without one. Put another way, that translates to about four additional dollars per watt of solar power.
A good rule of thumb that real estate appraisers abide by is: for every $1 of electricity offset through solar, the home value is increased by $20.At install, your home instantly gains an increase of the net cost of the system (after rebates).And if you save around $1,600 per year on electricity with solar, your home value would increase about $32,000.But it doesnât stop there! Solar power systems also continue to increase in value over time. So as electricity rates increase, your savings will also increase, making your system more valuable as time goes on.nd if you save around $1,600 per year on electricity with solar, your home value would increase about $32,000. But it doesnât stop there! Solar power systems also continue to increase in value over time. So as electricity rates increase, your savings will also increase, making your system more valuable as time goes on.