How Do Home Electrification Systems Work Together?
While each system will save you money, the best way to optimize your savings is to pair them all together, and adding solar to your home is the first place to start.
Since the cost of solar is fixed, once you buy your panels you will never have to pay for them again. Solar energy will power your backup battery, heat pump, and EV charger without additional fueling oil or natural gas costs associated with traditional systems.
When you go solar with EmPower Solar, our in-house design team will make sure to size your system properly to ensure that any current or future home electrification plans will be powered by the sun.
What Does Total Home Electrification Cost?
The total cost of complete home electrification can vary. Typically, a solar array can cost anywhere between $20,000-$40,000 before incentives, depending on your energy needs. There are a number of incentives and rebates that are available to help significantly offset the cost, and EmPower Solar offers three ways to pay for your system: purchasing, financing, or leasing.
The cost of one Tesla Powerwall is $17,600 before incentives. Based on your energy needs, we may recommend installing additional Powerwalls. Luckily, there is a discount for purchasing more than one Powerwall. For more information, please download our battery resource guide.
Geothermal heat pump installation costs vary based on each individual home’s heating and cooling needs. The standard single-family 2,000 sq ft. home requires a pump that costs between $7,500 and $12,500.The cost of an air source heat pump for a home of the same size averages between $4,500 and $8,000.
The price of an EV charger depends on what level it is, or the speed at which it can charge your car. The most popular home EV charger is a Level 2 charger and can cost anywhere from $289 to $899.
What Are the Benefits of Home Electrification?
The benefits of an all-electric lifestyle are two-fold: environmental and financial.
When you invest in home electrification, you reduce your home’s reliance on traditional energy sources like oil and gas. When these fossil fuels are burned, they release harmful air pollutants and greenhouse gasses that can cause respiratory illnesses and disease, and contribute to climate change.
Solar energy is a clean energy because it doesn’t produce any harmful emissions. Solar panels can last between 25 and 40 years. After your panels are no longer productive, we will recycle the materials to ensure peak sustainability.
The financial benefits of home electrification are substantial. The yearly cost of electricity for the average home in Southern New York is about $3,000. Due to regular rates of inflation, electricity increases at a rate of 2.66% per year. With solar, many homeowners are able to reduce their bills dramatically, with many only paying $20, which is the required grid connection fee.
Dandelion Energy estimates that an average 2,500 square foot home in New York with central air and fuel oil heat will save 47% of their total heating and cooling costs with geothermal. The savings are even greater when pairing a heat pump with solar.
||With Grid Power
||With Home Heating Oil
|~$760 / year
||At least $4,600/year
Pairing a home EV charger with solar is the best way to maximize vehicle savings. You can fully charge your EV at home while saving upwards of $1,000 per year on fueling costs when compared to a traditional gas-powered vehicle.