Building updates bring advantages, for example, lower working costs, a decreased ecological impression, and improved wellbeing. In any case, the best outcomes are possibly accomplished on the off chance that you select updates that are ideal for your property. For example, a vitality proficiency measure that is successful in another building may accomplish poor outcomes in yours, and the other way around.
You should likewise think about the time when arranging building overhauls: winter isn’t the best time to redesign your space warming framework, since you need it operational to keep an appropriate temperature, and the equivalent applies for cooling amid summer.
This article gives a few building redesign proposals to 2019, considering motivating forces that are as of now accessible, just as patterns in power costs and development.
Get a professional inspection of your building installations
1) Solar Power
With the record low prices of photovoltaic modules, solar power is now among the best building upgrades available. If your property has a suitable area that is not covered by shadows, a solar array can achieve an excellent return on investment.
However, there is a key reason why 2019 is an excellent year to install solar PV systems – this is the last chance to get 30% of the project cost back as a federal tax credit.
• The incentive will be reduced to 26% in 2020 and 22% in 2021.
• From 2022 onwards, the incentive disappears for residential solar power and is reduced to 10% for commercial solar power.
Although solar panels will continue decreasing in price, the net cost of photovoltaic systems will increase when the 30% federal tax credit is phased out. If your tax burden is not high enough to deduct the full tax credit in one year, you can use any remaining credit the next year!
Consider that the federal tax credit only applies if you own the solar installation, even if you have purchased it with loan financing. You don’t get the benefit if you use a leased photovoltaic array, or if you get solar energy through a Power Purchase Agreement.
2) Fire Sprinklers
Many flame episodes stood out as truly newsworthy in 2018, including the Trump Tower fire in April, which devastated a $2.5 million extravagance loft. Albeit various flame episodes were accounted for, some setbacks were maintained a strategic distance from gratitude to the brisk reaction of local groups of fire-fighters. Programmed sprinkler frameworks could have avoided a significant number of the fires revealed in 2018, and therefore they are unequivocally prescribed by flame insurance engineers.
On the off chance that your building is situated in New York City and secured by Local Law 26, introducing programmed sprinklers isn’t a “prescribed” assembling redesign, yet rather a lawfully ordered undertaking!
3) Energy Efficiency Measures for Air Conditioning Systems
The US Energy Information Administration predicts that electricity prices in the US will increase by 3% on average during 2019. As you might expect, the highest impact on power bills will be felt during the summer, when buildings rely on air conditioning to keep a suitable indoor temperature.
Since summer is still several months away, now is an excellent chance to get a professional assessment of your air conditioning systems. Performance issues can be corrected, and you can also consider system upgrades to boost efficiency. If electricity prices increase by 3%, any savings achieved with energy efficiency measures will also be 3% higher!
A well-designed building upgrade that is suitable for the needs of your building is always a good investment. However, the three suggestions in this article are highly recommended due to conditions that are particular of 2019. The combination of solar power and air conditioning efficiency can greatly reduce your electricity expenses, while automatic fire sprinklers safeguard your property (mandatory for NYC buildings covered by Local Law 26).
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