I've had the beginnings of an idea floating around in the back of my noggin to develop some easy way of removing/storingsolar panels in a protected space when bad weather is expected....Not too likely to expect solar panels to survive a hurricane...
Heck, I question if I'd be able to maneuver hurricane shutters around, from my garage, to hang them up on the windows, and if I'd have enough space in my garage to store them.I've had the beginnings of an idea floating around in the back of my noggin to develop some easy way of removing/storingsolar panels in a protected space when bad weather is expected.
Actually, they do not add much to the value of a house. Just look at any real estate appraisal. You will see line items for things like a storm cellar and storage building, but generally a whole house generator is not a good investment, despite what all the people selling generators will say and the articles they "sponsor". Here is a recent report for example:Very good point.
For years I had a fairly large Westinghouse portable generator with an Alliance transfer box in the garage. One cord to the transfer box and then flip all the breakers over. Worked decent for everything except central air. Had about $1300 in the whole set up.
But then I started working 3rd shift and my wife is a little thing. No way she was going to drag that gennie outside, hook it up and get it started at 2am.
Yes it is a bit more money for the convience, however it isn't a total wash. The increase in the value of my house just jumped in $$$.
My parents' house just sold last October and all 3 of the people who put contracts on the house loved the idea of having that Kohler Dad had installed at the house.Actually, they do not add much to the value of a house. Just look at any real estate appraisal. You will see line items for things like a storm cellar and storage building, but generally a whole house generator is not a good investment, despite what all the people selling generators will say and the articles they "sponsor". Here is a recent report for example:
You don't always recoup the full value of your investment when you make improvements to your property. According to Remodeling Magazine's 2018 Cost Vs. Value Report, a $12,860 generator increases resale value by $6,940, which means you'll get 54% of your investment back. Is a Standby Generator Really Worth It? | Millionacres (fool.com)
Convenience is the key, but there is more to the answer. For example, where I live my state does a tax assessment every year on my home and my taxes can be adjusted each year. If I go to the city and get a permit to put in a generator or build a shed in the yard, that automatically increases the value of my home, on paper. But my taxes are based on the value of my home, so if I add a $10,000 shed or generator, the value just went up $10,000. That means I will pay more taxes on my house every year from now own, if I live there 30 years, I pay it each year. So, the increased taxes can exceed far more than what I thought an increase might be from adding the whole house gen set.
On the other hand, a portable get set, is personal property. They should never be taxed. You can wire a portable gen set where you simply switch it on, and flip a switch taking your city power off. No muss, no fuss and no taxes.
Also, the last portable gen set that I bought from Cabelas is battery operated. It actually has a remote or you can switch in on at the gen set.
Just saying, one of the big selling points by generator companies is that they increase the value of your home, and if you live at a place where power goes off often, it is a bigger deal than if you live in a city or place with a mild climate.
But for people undecided about the big expense and long term maintenance, and those added costs from people to come out and maintain the gen set, it is just wise to consider all the factors. Once again, just do the math, if the device costs $10,000 and you live there 20 years and you could have left that money in the 401K or investment plan, you lose the value of that money. The true costs looks like this>
------After investing for 20 years at 6% interest, your $10,000 investment will have grown to $32,071----
So your $10K gen set costs you $10K plus the loss of $22,071 in interest or gains. Here is the calculator so peolpe can figure the actual cost for themselves. $10,000 at 20% Interest for 20 Years (calculateme.com)
People need to know...
In real estate sales there is a concept called marketing time and an expect time when a property is likely to sell. Marketing time did not really apply the last two years in the United States, because there is such a housing shortage that people would by anything at an inflated price and the buying frenzy was fueled by the fear of interest rates going up, which they did.My parents' house just sold last October and all 3 of the people who put contracts on the house loved the idea of having that Kohler Dad had installed at the house.
There was a bit of a bidding war, so to speak and I know it wasn't all about the whole house generator by itself. House sold for over $18K asking price.
Technically,..... yeah, it might not of added to the "value" of the house, but I guarantee it was ONE of the factors that helped drive the push for the final selling price
If you are happy with the arrangements that you have, then you are good to go. But you might want to read Katherine Blunt's book. California Burning, Pacific gas and Electric. Pretty interesting and a must read for Californians IMO.The math for a lot of you guys is different than it is for us. We could do a week or more without electricity pretty easily. And we'd only lose a partial fridge of food.
And I sure wouldn't run a generator 24/7. For some folks, especially in rural areas, a generator make sense, but it doesn't for us.
Note that the longest power outage in San Diego history was the Great Southwest Blackout in 2011.
It was a one day event. We ate the ice cream immediately later we cooked in the fireplace, used the kerosene lamps & candles a bit, got updates on the car radio, then power was back on the next day.
My kid was 9. It was a learning experience / adventure for her. And my wife is from war-torn Laos. So being without power is just a familiar inconvenience for her.
The Edge-Of-The-City suburban situation is not the same as with the farm / ranch zones.
Yes my brother in laws house shows an elevation of 9 feet. His son lives a few blocks away showing the same elevation. Those housing additions are built so that there is a waterway in place of every other street, so nearly everyone can park their boat in water at their house. That is the way thousands of people can live with access to the ocean by boat. They are not mansions, just simple homes. Thousands of people can afford them and migrate to Florida, but they come with the risk being so low.I think the Conspiracy Theorists and the Preppers aren’t considered as far out there as they once were.
Different subject… I was surprised that so many houses in Cape Coral and Fort Myers are built on a slab at ground level when they are just a few feet above the adjacent water. From Google Maps Satellite it looks like thousands of ground level houses built directly on miles of water canals. Where I live, anyone directly on the water is built up on pilings or a hill.
I don’t know what the official flood elevation is in that area of Florida, but if people had a house in a flood zone and didn’t carry flood insurance, it should be their loss. It was a gamble some people probably took, and lost. They could debate with the insurance company whether wind or water destroyed their house. If folks aren’t in a flood zone and get seawater in their house, I’m ok with them getting assistance. I believe after Hurricane Katrina, they raised what was considered flood zone. Even though I’m not in a flood zone, I still carry flood insurance. And the cost is increasing steeply. If I had a hurricane like the Houston area got several years ago (30 inches of rain), I could have water in my house. So I carry the flood insurance because I don’t like gambling with my home. I just wonder where the cost will level out, if ever.Yes my brother in laws house shows an elevation of 9 feet. His son lives a few blocks away showing the same elevation. Those housing additions are built so that there is a waterway in place of every other street, so nearly everyone can park their boat in water at their house. That is the way thousands of people can live with access to the ocean by boat. They are not mansions, just simple homes. Thousands of people can afford them and migrate to Florida, but they come with the risk being so low.
There is a discussion on CNN as to whether they should be able to rebuild. Same deal with every house on an ocean, if there is a surge, they get destroyed. The problem is they say the loss is $400 billion dollars. How much federal tax dollars should go to private homes, and how much tax money should be spent on bridges to islands that will probably wash away again in the future. The CNN coverage showed angry people claiming that it was the governments job to come save them and rebuild for them, and alleging that there is racial discrimination in the way the electricity is being repaired. I call BS. They repair the power lines in ways that get essential service on first, then the most people, then whoever is left.
Some of these folks are blaming the government because they built on the ocean and a hurricane took their house. They now claim the government owes them a new house.