Re:California Votes to Require Rooftop Solar Power on New Homes
by vkou on Wednesday May 09, 2018 @04:16PM
(#17033601)
The cost of homes in 2018 is primarily driven by how much people can get for a mortgage, not by the materials that go into building them.
If homes had to be built to a better standard by legislature (Better insulation, or solar roofing, or whatever), it would, in the long term, drive down the price of land, but keep home prices similar.
Not to mention that you cannot retrofit solar panels on a home at the same interest rate as you can get on a mortgage. Forcing banks to lend money for these installations actually makes it cheaper for the homeowner.
If homes had to be built to a better standard by legislature (Better insulation, or solar roofing, or whatever), it would, in the long term, drive down the price of land, but keep home prices similar.
Not to mention that you cannot retrofit solar panels on a home at the same interest rate as you can get on a mortgage. Forcing banks to lend money for these installations actually makes it cheaper for the homeowner.