CAI-NJ Jan. 2019 (w)

ENERGY COSTS... from page 36.

the storage cost declines expected, it would not be surprising to see most new homes also include an associat- ed energy storage system. Given the speed at which technology moves, communities today that choose not to act on investigating ‘smart’ and mod- ern technology systems, on-site renew-

able energy, energy storage, efficien- cy improvements, etc. risk potentially ‘playing from behind’ as opposed to innovating, realizing month-to-month economic savings for members, while increasing the comfort, safety, value and desirability of their communities. On a sunny day, the earth receives approximately 1000 watts of power on each square meter of surface. Solar panels create energy in the form of direct current (DC) electricity, which is converted into alternating current (AC), which is used in conjunction with your home and the electrical grid. Today PV accounts for over 300 gigawatts of capacity globally, up 5700% since the year 2000, and the price of energy from large-scale solar power plants is lower than that from gas- or coal-fired plants in many cases. A community with a large clubhouse could easily see upwards of a 20% reduction in energy expenditures. Storage Comparison of batteries vs. generators Evolution of batteries from lead acid to Li+, with focus on safety, longevity? Solar panels create energy in the form of direct current (DC) electricity, which is converted into alternating current (AC), which is used in conjunction with your home and the electrical grid. Before doing anything, you want to make sure you are speaking with more than your local solar installer. Utilize the services of an engineering firm that specializes in alternative energy systems to guide you through this process and to assist in finding the industry expert installers and financers you will need for your project. n

down the street as well as one thou- sand miles away. California recent- ly passed legislation mandating all homes constructed from 2020-on include a solar energy system. Given

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