Friday, June 25, 2010


This is a great time to purchase a home.
There are several factors that make this the best time to buy a home especially if you are now renting, if you would like to move to a larger home or just downsize.
  • The interest rates are at historic lows

  • There is a large selection of homes to choose from
    The prices of homes are so much more affordable than in past years.

  • Owning a home is still one of the best investments a person can make.

  • The monthly cost of owning a home is often the same or cheaper than rent.

  • The cost to finance a home can be nearly the same as the cost to enter a rental (security deposit vs. down payment).

  • There are significant tax benefits for homeowners that are not available to tenants

  • Veterans can still purchase a home with zero down payment.

  • Some of the things to consider when purchasing a home.
  • Talk to a Real Estate professional, one that you can trust. This is one of the largest investments of your life.

  • Your Real Estate professional will guide you in the home buying process.
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    Monday, June 14, 2010

    Shedding light on solar
    There are 3 basic revenue streams in the solar world.
    1. Homeowner buys a system that will virtually run his entire home. He pays upwards of $60k. but never pays an electric bill.
    a. Because the homeowner has reduced or eliminated the use of electricity from a power company the homeowner enjoys SRECs (solar energy credits that trade as a commodity nationally) SRECs are needed by power companies to meet local, state and federal mandates for green energy.
    b. In addition, if the homeowner generates more power than he uses, that electricity goes back into the grid and the homeowner is compensated for generating the power.
    2. An outside vendor offers to put a solar system onto a home for free. The homeowner will typically be required to sign a long term contract (18 years is common). The homeowner will receive a 50% reduction in his electric bill and the vendor will receive revenue for the power company on excess power generated as well as the revenue from selling SRECs.
    3. A vendor will install a solar power system onto a home and arrange a long term lease. There could be any number of variations on who gets the revenue from excess energy created and/or SRECs

    There are plenty of variations but these are the ones I hear about the most.

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