jlsoaz:
I certainly can appreciate your points. I installed solar last October for the reasons stated in my last post. Honestly, it is expensive technology and I am looking at a 15-16 year payout so it is definitely a long term investment. I made that investment without the consideration of increasing my home value. I do think it is possible if a prospective buyer looks at energy expenditures as part of their purchase decision. Not sure they do in todays market. I do, but I am in the minority I think. I look at my monies sent to utilities as dollar bills set on fire. I have a few years left before I retire. During retirement, I go from generating cash flow to managing expenses. The more that I can fix my monthly expenses the better it will be for me. In actuality, the more energy prices rise the better off I am (I signed up for hourly utility pricing so I am able to hedge another 10-15% from my solar)
Solar is very cool indeed and I love having it but as I said before it is expensive. I enjoy the fact that I am having a small energy impact and really making something out of nothing. It is a real feel good item but again it is expensive.
[...]
I am not sure that improving efficiency is inexpensive, but maybe in some cases relatively so. When I first installed my solar system, I remember the installer also recommending that I take some basic efficiency measures (installing a blanket on my furnace, replacing my fridge, etc.) and this seemed reasonable and cost-effective.
It doesn't sound to me that you were particularly set on a course of installing your solar system for the sake of quick economic payback, though there was some economic thinking involved. In any event, I think that very few of us put money in our homes with the idea that others will inevitably fully value every feature that we would, but at the same time I think most of us do expect that if we put money into a home improvement (no matter what) that the improvement, if fairly well chosen and well-executed, will likely have some impact on improving the value of the home.
Here is one paper (just to give an idea) that gives some evidence of home value improvement corresponding to efficiency improvements:
http://www.ongrid.net/AppraisalJournalPVValue10.98.pdfEvidence of Rational
Market Valuations for
Home Energy Efficiency
Electronically reprinted with permission from The Appraisal Journal (October 1998),
© by the Appraisal Institute, Chicago, Illinois.
[...]
According to this study, residential real estate markets assign to energy-efficient
homes an incremental value that reflects the discounted value of annual
fuel savings. The capitalization rate used by homeowners was expected to be
4%–10%, reflecting the range of after-tax mortgage interest rates during the
1990s and resulting in an incremental home value of $10 to around $25 for every
$1 reduction in annual fuel bills. Regression analysis of American Housing Survey
data confirms this hypothesis for national and metropolitan area samples,
attached and detached housing, and detached housing subsamples using a
specific fuel type as the main heating fuel.
[...]That seems to have been nearly 20 years ago (although it's hard to say when the paper was written and when it was reprinted) but it gives at least an idea of things, if not up-to-date multipliers.
They mention fuel types, but I'm not sure if this particular approach to things makes a distinction for reducing one's energy bills via efficiency measures or via residential solar. I suppose it's possible that either way is neutral to this type of math formula approach, but I think a more modern study might want to look at that question of whether there's a difference (i.e.: if I reduce my monthly energy bills by $50 per month via a solar install, versus reducing them $50 per month via efficiency measures, does this make a difference?).
With respect to what interests and drives us, one of the things that drives me (I couldn't say if it's the top thing) is that I simply love efficiency. Other drivers include low carbon interests, professional interests and patriotism.
With respect to Carbon, you mentioned something about not discussing it as it seemed unlikely you could convince me of anything. From my point of view, I am not interested in debating AGCC with you or anyone here in this forum, but I will comment on how one's views of AGCC may affect our views on advocating efficiency:
In my view:
1. If a person believes AGCC is nonsense, then I guess in at least some instances they may surmise that people who oppose them are trying (whether deliberately or inadvertently) to pull us back to a more primitive era.
2. If a person believes that AGCC denialism is nonsense, then I guess in at least some instances they may surmise that people trying to get in the way of action on AGCC are (whether deliberately or inadvertently) trying to bring us back to a more primitive era.
3. There is I guess some middle ground between believing that AGCC is nonsense or that AGCC denialism is nonsense.