Electrical systems, though operating in the background most of the time, run everything from lights and appliances to entertainment centers and security systems in our homes. It’s easy to take them for granted until or unless something goes wrong. After all, out of sight can mean out of mind.
However, electrical systems age and become inefficient and even unsafe. Upgrading an electrical system can offer peace of mind to homeowners. They can unlock such benefits as improved safety, energy efficiency, and even increased home value. Here are 8 reasons you might consider making an upgrade this year.
1. Enhance Safety
Historic homes, though they have a lot of charm, can harbor unseen threats that can result in disastrous outcomes. Many built before the middle of the last century have aging wiring that can pose a threat in terms of fire hazards and electrical shock risks. In contrast, modern electrical panels with circuit breakers can safeguard against electrical surges and short circuits.
Old (or faulty) electrical work can also raise concerns at the municipal level in terms of code compliance. Upgrading to a new electrical system usually satisfies the requirements and more importantly, keeps you and your family safe.
2. Increase Energy Efficiency
You might recycle, take short showers, and drive a hybrid. In addition to those lifestyle habits you can deepen your commitment to sustainability by investing in a new electrical system. There can be more to it than meets the eye. New electrical systems are often paired with energy-efficient lighting fixtures and appliances. These additions can help curb energy consumption and lower utility bills.
Beyond these perks, modern electrical systems are compatible with smart home technology, allowing for remote control and more accessible energy conservation. As a bonus, you might even be able to take advantage of government incentives and rebates to offset the cost of upgrading your electrical system. For instance, the Inflation Reduction Act (IRA) provides billions of dollars for clean energy investments. They’ve earmarked as much as $9 billion for residential energy efficiency and beneficial electrification rebates to be administered and implemented by State Energy Offices.
But don’t stop here. Electric companies across the country offer several types of rebates and incentive programs for energy efficiency goals. Incentives range from free energy audits to rebates for upgrading to more efficient common household appliances. It’s worth a phone call to learn more about the program requirements and how you might enroll.
3. Improve Home Value
It’s no secret that move-in ready homes are more attractive than ones that need a lot of work. Unless it’s a flip project, most buyers don’t want to take on such a large project themselves. A new electrical system can pay dividends when you’re ready to list, helping you get top dollar at the sale. Such an upgrade sends a message to buyers that you take maintenance, security, and sustainability seriously. All of these elements can give you a leg up as a potential seller in a hot market, all things being equal.
This is especially relevant if you’re catering to a younger homebuying cohort. In 2023, the America at Home Study found that nearly half (49%) of Millennials indicated a home that minimizes its impact on the environment is important to them compared to 45% of Boomers.
4. Modernize Functionality
Old systems weren’t designed for today’s energy demands. A new system is usually associated with additional circuits that can handle the demands of a modern household’s usage. Plus, this infrastructure can integrate into your larger smart home technology and goals. The integration of smart home technologies can help homeowners monitor and reduce energy usage. Smart thermostats, lighting systems, and appliances can introduce increased visibility, leading to optimized consumption and potential credit eligibility.
5. Future-Proof Your Home
Your home is likely your most significant investment. With that in mind, it’s wise to put money towards its upkeep and improvement. A new electrical system is a key advantage in that it can accommodate future innovations and changing lifestyle needs. And perhaps unsurprising, such a move can save you money on repairs and maintenance over the course of ownership.
6. Gain Peace of Mind
You really can’t put a price tag on your family’s safety. A new electrical system offers assurance that the electricians used safe materials and followed best modern best practices. Older wiring can cause house fires and put you on edge because you might wonder if something will go awry. Being proactive can help ease this anxiety.
7. Increase Comfort
You likely spend a great deal of time at home so you might as well enjoy it. A new electrical system can make your home your castle. With features like a dimmer, you can control the interior environment based on activity and usage patterns. Plus, modern electrical systems can work in tandem with HVAC systems to make impacts in terms of both energy efficiency and comfort.
8. Personalize Solutions
As people spent more time at home, they became more aware of areas that were lacking. A new electrical system can be a way to make a house a home. That’s because electricians can program features to meet your specific needs and preferences. Consult with a qualified contractor to discuss your needs and lifestyle considerations.
Investing in a new electrical system is a worthy investment that can empower homeowners. From enhanced safety and energy efficiency to increased home value, a new electrical system is a smart move on several fronts.
But don’t just trust anyone for this work. You should lean on a trusted company in your company with a longstanding reputation. J.O. Mory provides electrical services for your home including new construction, remodeling, or renovation. Our licensed electricians have the experience to provide the safe, responsible electrical work you need in your home.
JO Mory is licensed, bonded and insured. We take pride in serving customers in Northern Indiana, the Tri-State area, and beyond. If you have questions or would like to arrange for a free quote, please Contact Us online or give us a call: 800.621.6679.