California is said to be on the cusp of making solar power a standard requirement for every new home built in the state.
On Wednesday, the California Energy Commission is set to vote on new standards that would insist most new homes come equipped with solar panels, starting in 2020.
Should the proposal be approved, the state would see the number of solar panel installations skyrocket. At present, just 15 to 20 percent of new homes in the state are fitted with solar panels, according to California Building Industry Association technical director Bob Raymer.
“California is about to take a quantum leap in energy standards,” Raymer told The Mercury News. “No other state in the nation mandates solar, and we are about to take that leap.”
There’s good reason to think the requirement will become law across the whole state, as a number of Californian cities already insist on solar power being installed in new homes. Fremont and San Francisco for example have both mandated that solar panels are built into all new single-family and multifamily homes. In 2016, Fremont also mandated new residential and commercial developments be “EV ready,” which means having a specialized outlet built into the home that can charge electric vehicles.
Should the proposal be approved on Wednesday, most homes, condos and apartment buildings up to three stories in the state that obtain permits after January 1, 2020, will be required to install solar panels. However, some homes would be exempt if they’re built in areas that are heavily shaded by trees, or if their roofs are too small to accommodate the panels.
One drawback for buyers is that solar panels would increase the costs of buying a new home. Typical solar panel installations cost around $14,000 to $16,000, and these costs could be increased by further mandates for increased insulation and more energy efficient windows and appliances.
In all, the total costs for these updates could add an extra $25,000 to $30,000 on the cost of a median home. However experts say homeowners would still be better off in the long run, as it would reduce the operating costs of a home by around $50,000 to $60,000 over the 25-year lifecycle of a home solar power system.
Mike Wheatley is the senior editor at Realty Biz News. Got a real estate related news article you wish to share, contact Mike at [email protected].
With friendly Midwestern cities and beautiful rolling plains and prairies, Kansas has a fantastic blend of urban and rural living. Cities like Topeka, Wichita and Kansas City (which is split between Kansas and Missouri) are world-class hubs for everything from industries like aircraft manufacturing to melt-in-your-mouth barbecue. While it’s true that Kansas City is a great city with cool neighborhoods, dining and more, Kansas has much more to offer. Artsy small cities and towns have affordable, family-friendly living, and a refreshing lake or scenic wilderness preserve is never far away.
Overall, the cost of living in Kansas is also affordable. While bigger cities may have higher rents and housing prices, the diverse range of cities and towns guarantees you’ll find a place that fits your budget and lifestyle. Some are up-and-coming destinations for young professionals, while others focus on relaxed, family-centered towns. Covering everything from housing to utilities, here’s what you can expect in terms of the cost of living in different places around the Sunflower State.
Kansas housing prices
One of the biggest benefits of living in Kansas is its low housing costs. In most Kansas cities and towns, the cost of housing is below the national average. In most major cities, you’ll find reasonably-priced apartments and houses, with rents rarely surpassing $1,000 a month.
Here’s what the average rent and home prices are like in some of Kansas’ biggest and most popular cities.
Hutchinson
Surrounded by the beautiful Kansas prairie in the center of the state, Hutchinson is a compact city with a population of around 39,712. Due to its location, some of its biggest industries are wheat farming and working in the local oil industry. In addition to being the site of the Kansas State Fair, city parks and nearby state parks make this a lovely place for outdoor recreation. It also has a zoo and the famous Cosmosphere, a space museum and STEM education center.
At 45.6 percent below the national average, Hutchinson’s total housing costs are the lowest beneath the national average of our highlighted cities. The average monthly rent for a one-bedroom apartment is $719, up 6 percent from last year. The monthly rent for a two-bedroom apartment is up 14 percent to $829.
Hutchinson’s housing market has also grown over the past year. The median sale price to purchase a home here is up 2.6 percent to $143,450.
Kansas City
Straddling the border of Kansas and Missouri, Kansas City, KS’s population of 154,545 makes it the third-largest city in the state. This dynamic metro area is best known for its jazz, barbecue and culture. Live sports are also a big deal here, thanks to both professional and collegiate teams, courtesy of local universities. The combination of a vibrant cultural scene, affordable cost of living and a diverse job market make it a popular Midwestern metropolis to call home.
Kansas City’s cost of housing is 0.4 percent below the national average. The average rent for a one-bedroom apartment is $915 and a two-bedroom unit is $1,034. These rates are up 5 and 2 percent from the previous year.
If you want to buy a home in Kansas City, KS, you’ll be looking at a median sale price of $205,000, which is up 10.8 percent from last year.
Manhattan
Located at the confluence of the Big Blue and Kansas Rivers in northeastern Kansas, Manhattan is one of Kansas’ top college towns. It’s the home of Kansas State University, which is one of the top higher learning institutions in the state. As a college town, Manhattan has great dining, a lively cultural scene and fun activities. Nearby Turtle Lake is a regional destination for boating, hiking and other outdoor recreation.
As a college town, housing costs here are affordable, falling 19.9 percent below the national average. You can rent a one-bedroom apartment for $805 and a two-bedroom apartment for $952. These rates are both up 10 percent from last year.
With no significant growth or decline over the past year, houses in Manhattan go for a median sale price of $178,000.
Topeka
Apart from being the state capital, Topeka in northeastern Kansas has many other claims to fame. For one, the landmark Supreme Court case Brown v. Board of Education of Topeka, which ruled that racial segregation in schools was unconstitutional, originated here. Along with the rest of its rich history, an abundance of parks, family activity centers and laidback neighborhoods make Topeka a very family-friendly city.
Extremely affordable housing is another benefit of living here, with housing costs being 20.4 percent below the national average. You can rent a one-bedroom apartment for $790 or a two-bedroom apartment for $857. However, rent prices have been going up slightly over the past year. The cost for a one-bedroom unit is up 1 percent and two-bedroom unit prices are up 12 percent.
Topeka offers potential homeowners a refreshing low median sale price of $140,000. This rate is up a whopping 64.7 percent from last year. With national median sale prices currently at $428,006, buying a home in Topeka is quite the deal.
Wichita
Located in south-central Kansas, Wichita is the most populous city in the state. In addition to being known as the “Air Capital of the World” due to its many airline manufacturing facilities, numerous airports and Air Force base, it’s a regional hub for art, culture, healthcare and the restaurant industry (Pizza Hut and White Castle originated here). Residents can enjoy the great outdoors in both the heart of the city at parks like Botanica, the Wichita Gardens and out of town at nearby wilderness and recreation areas like Cheney Reservoir.
Even though both average rent and home prices have increased over the past year, Wichita’s housing costs are 34.3 percent below the national average. One-bedroom apartments are up 15 percent to $800 and two-bedroom apartments are up 12 percent to $964.
Wichita also has one of the most expensive housing markets in the state. The median sale price for a house here is up 16.2 percent from the previous year to $215,000.
Kansas food prices
From access to fresh, local meat and produce to delicious state specialties like barbecue and chicken-fried steak, the cuisine in Kansas is some of the best in the Midwest. Agriculture is a major industry in Kansas, with wheat being its biggest cash crop. Corn and soybeans are also top crops. Along with Texas and Nebraska, it’s one of the biggest suppliers of cattle in America. Cities like Kansas City, Topeka and Wichita have fantastic dining scenes, with nationally-renowned barbecue joints.
With so much great food to enjoy, luckily, locals pay below the national average for the cost of living in Kansas for food costs. Total grocery costs here are 7.4 percent below the national average. The average Kansas resident pays between $233 and $266 a month on food, which comes out to between $2,801 and $3,200 annually.
Although overall food costs here are lower-than-average, some cities have even more affordable food prices:
Topeka is 22.9 percent below the national average
Manhattan is 8.1 percent below the national average
Kansas City is 7.8 percent below the national average
Hutchinson is 7.7 percent below the national average
Wichita is 2 percent below the national average
Topeka has some of the lowest food prices in the state. A dozen eggs cost $1.09 in Topeka compared to $1.60 in Manhattan and $1.70 in Kansas City. The price tag for a half-gallon of milk in Topeka is $1.55. In Manhattan, it will set you back $2.11 and $2.26 in Kansas City. Steak costs $15.09 in Wichita but $9.49 in Topeka and $13.28 in Kansas City. As you’ll see, even though Wichita is the closest to the national average, food prices are sometimes higher in other cities.
Kansas utility prices
In most cities, you’ll pay less than the national average for the cost of living in Kansas for utilities like electricity, water and internet.
Kansas boasts a diverse energy profile. The state gets its electricity from a mix of nuclear power and traditional natural gas and petroleum, as well as renewables like solar power and hydroelectric power. The majority of the state’s water comes courtesy of the Missouri River.
Here’s how total utility costs in these different cities stack up to the national average:
Topeka is 4.1 percent below the national average
Hutchinson is 2.5 percent below the national average
Wichita is 2.1 percent below the national average
Manhattan is 0.9 percent below the national average
Kansas City is 2.6 percent above the national average
Of our highlighted cities, Kansas City has the most expensive utilities. As an example, the average monthly energy bill is around $178.88. In Topeka, the least expensive city, your monthly energy bill will likely skew closer to $154.60.
The average water bill in Kansas is $26.
Kansas transportation prices
From gas prices to the cost of mass transit, transportation is a key part of any monthly budget to figure out the cost of living in Kansas. Overall, transportation costs in Kansas are below the national average. Along with personal vehicles, most cities and counties in Kansas offer some form of public transportation. These largely consist of bus routes. The Kansas Department of Transportation helps support 145 transit programs that cover most Kansas cities. In some cases, these services are focusing on aiding senior citizens, those with disabilities and other eligible riders with getting around easily and affordably.
Not only does using mass transit help residents save money on gas and other vehicle expenses, but using public transportation has a host of other benefits. In bigger cities, it can reduce commuting times and traffic congestion. It’s also more environmentally friendly, reducing the number of vehicles on the road and, therefore, emissions.
Here’s how transportation costs vary between these different Kansas cities:
Kansas City is 13.4 percent below the national average
Hutchinson is 10.2 percent below the national average
Topeka is 9.1 percent below the national average
Wichita is 8 percent below the national average
Manhattan is 6 percent below the national average
While each of these cities has some kind of mass transit, options are more limited in smaller cities. In Hutchinson, the Reno County Area Transit provides several fixed bus routes around the city and Reno County. It also has an on-demand service for rural routes. Fares for in-town service start at $4 and rural service at $8, with discounts for eligible citizens like the elderly.
Manhattan residents have the ATA bus system, with routes around Manhattan and surrounding counties and cities like Ogden and Junction City. There are five different routes in town, as well as dedicated routes to and around Kansas State University. All students, staff and faculty of K-State get to ride these routes for free. Bus fares within Manhattan start at $1 for a one-way ride and you can also get day, week and monthly passes.As two of the state’s biggest cities, Topeka and Wichita have some of the most extensive public transportation systems in Kansas.
Topeka Metro in Topeka
Residents of Topeka can get around their city with the help of Topeka Metro. Consisting of a fleet of buses and paratransit vehicles, it operates 12 different bus routes. In a more sustainable move, the fleet will soon acquire three all-electric vehicles.
Single ride fares cost $2, with day passes available for $4 and monthly passes for $50. Senior citizens, those with disabilities and youth between the ages of 5 and 18 are eligible for discounted rates.
However, with a low transit score of 25, having a car might be a necessity in Topeka. Car drivers may need to plan for tolls on the Kansas Turnpike. This 236-mile-long freeway starts in Kansas City and runs through several major Kansas cities, including Topeka. Toll fees vary depending on the length of your trip. You can use this toll calculator to estimate toll fees for your drive. Traveling the entire length of the turnpike would cost $11.15 with a K-tag and $15 without.
Topeka is also not the most bike- or pedestrian-friendly city, with a walk score of 41 and a bike score of 56.
Wichita Transit in Wichita
The Wichita Transit system in Wichita operates 18 different bus routes around the city. It also has paratransit services. The organization dedicates itself to making local mass transit more sustainable and eco-friendly, being the first city in Kansas to include zero-emission, 100-percent electric buses in its fleet. A single ride costs $1.75. Pass options include an unlimited day pass for $5 and a monthly pass for $55.
With a low walk score of 43 and a decent bike score of 50, it’s still necessary to own a personal vehicle to get around Wichita. The Kansas Turnpike also passes through Wichita, so you’ll need to know of tolls, as well.
RideKC in Kansas City
Consisting of buses, bus rapid transit and streetcars, RideKC provides mass transit throughout the interstate Kansas City metro area. It has 78 bus routes, three bus rapid transit lines and a downtown streetcar. Through 2023, all RideKC buses and streetcars are zero-fare.
With a transit score of 28, a walk score of 40 and a bike score of 32, having your own vehicle is likely a necessity in Kansas City. If you do plan to use a car in Kansas City, the Turnpike ends in Kansas City so you may need to pay tolls if you use it.
Kansas healthcare prices
Depending on where you live in Kansas, you may pay more or less than the national average for healthcare. While the location is a factor in healthcare prices, so is your personal health. In general, the cost of living in Kansas for healthcare is a difficult category to quantify and get accurate averages since healthcare costs vary by person. Some people may need to pay more for their healthcare due to pre-existing conditions or the need for specialized care. So, the prices below are not set in stone and are subject to change due to your individual healthcare needs.
But to give you a rough overview of how healthcare costs vary between Kansas cities, here’s the average cost to go to the doctor’s office in these different cities:
Topeka: $129
Hutchinson: $142.50
Wichita: $104.40
Manhattan: $137.50
Kansas City: $89.77
Although Hutchinson has the highest price for doctor’s visits, it’s one of the least expensive cities to go to the dentist. A dental check-up costs $92 in Hutchinson. In Manhattan, you’ll pay high prices for both general and dental health, as a dental check-up there costs $109.50.
Now, let’s see how overall healthcare costs in these cities compare to the national average:
Manhattan is 10.4 percent above the national average
Kansas City is 9.7 percent below the national average
Wichita is 2.9 percent below the national average
Topeka is 0.7 percent below the national average
Hutchinson is 6 percent above the national average
Looking at the overall average and individual costs, Topeka and Wichita have lower healthcare costs. But, prices do fluctuate between cities, so it’s something to know.
Another important factor to know is the quality of Kansas’ healthcare system. The state ranks 41st in the nation for healthcare, with especially low marks for quality. It also doesn’t score well for access to healthcare services and for overall public health. So, higher prices may not always correlate to the best care.
Kansas goods and services prices
Living in Kansas, you’ll pay below the national average for miscellaneous goods and services. These include routine activities like going to the movies or getting your hair cut or regular purchases like toothpaste and ibuprofen.
Overall, Kansas cities boast lower-than-average prices for goods and services:
Topeka is 23.4 percent below the national average
Kansas City is 8.7 percent below the national average
Manhattan is 5.5 percent below the national average
Hutchinson is 2.4 percent below the national average
Wichita is 0.1 percent below the national average
Wichita is the closest to the national average. Getting your hair cut in Wichita costs $19 compared to $14.25 in Hutchinson, which is the cheapest rate in our highlighted cities. But, prices in Wichita won’t always rank higher. In many cases, costs are higher in smaller cities like Manhattan or Hutchinson. For example, movie tickets in Manhattan cost $14 but $10.12 in Wichita. Taking your clothes to the dry cleaners in Manhattan costs $17.99, the most expensive rate in the state. You can find the cheapest dry cleaning bill in Topeka at $12.20. In other instances, prices in Kansas City are higher, with haircuts costing $19.70 and a trip to the dry cleaners costing $14.63.
Taxes in Kansas
Taxes are another cost of living in Kansas factor that can vary widely between states and even between cities within that state. If you live in a city with high sales tax, those added expenses will have an impact on activities like grocery shopping.
Kansas has a statewide sales tax of 6.5 percent. If you spend $1,000 on a delicious Kansas barbecue spread, you’ll be paying $65 extra in sales tax. But, many counties or cities also levy their own sales tax on top of the statewide rate. This can significantly hike up the amount you’ll pay in sales tax:
Topeka has a combined tax of 9.15 percent
Hutchinson has a combined tax of 8.6 percent
Wichita has a combined tax of 7.5 percent
Manhattan has a combined tax of 8.95 percent (with an increase to 9.45 percent in 2023)
Kansas City has a combined tax of 9.12 percent
This makes Wichita the most affordable city for sales tax. Instead of paying $65 in sales tax for every $1,000 spent, you’ll spend $75 in sales tax. Currently, Topeka has the highest sales tax, adding $91.50 to every $1,000 spent. But, Manhattan will claim the top spot next year when the sales tax within city limits increases to 9.45 percent. The sales tax for Riley County will stay the same. You can see exactly how much you’d pay in sales tax in different Kansas cities and counties with this tax rate locator from the Kansas Department of Revenue.
For income taxes, the tax rate in Kansas ranges between 3.10 percent and 5.70 percent depending on your income level.
How much do I need to earn to live in Kansas?
Overall, the cost of living in Kansas is below the national average. Living here has affordable rates on everything from housing to food. But, how much do you actually need to make to afford the cost of living here?
Since experts recommend you only spend 30 percent of your gross monthly income on rent, you’d need to make $3,380 a month or $40,560 annually to afford Kansas’ average rent of $1,014. Average salaries here range from $22,063 to $101,222, and a single person paying for only their expenses needs to make a minimum gross annual income of $34,073. If you work in a lower-paying field, you may need to spend more than 30 percent of your monthly income on rent. But, with a median household income of $61,091, family households or renters with roommates are better able to make things work.
If you’re unsure what you can comfortably afford to pay in rent, use our rent calculator.
Living in Kansas
Whether you want a vibrant city or a laidback small town, Kansas has a diverse range of places and price points to choose from when deciding where to live. Overall, though, the cost of living in Kansas is accessible for many different people and budgets. And, no matter where you live in Kansas, you can enjoy access to its delectable local cuisine and natural beauty.
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The Cost of Living Index comes from coli.org.
The rent information included in this summary is based on a calculation of multifamily rental property inventory on Rent. as of August 2022.
Rent prices are for illustrative purposes only. This information does not constitute a pricing guarantee or financial advice related to the rental market.
There’s more to banking than low monthly fees, high yield savings, and a large ATM network. More Americans today seek banks and credit unions that align with their values when it comes to sustainability and social responsibility.
The U.S. banking system tends to disregard lower income and rural communities, with traditional banks establishing multiple branches in the country’s largest and wealthiest cities. The most socially responsible banks, on the other hand, provide online banking, low monthly fees, and no minimum deposit requirements, making them accessible to lower income individuals and families. They may also support efforts to help lower income individuals qualify for personal loans, auto loans or mortgages at fair interest rates.
But that’s not all that comes with socially responsible banking. Socially responsible banks emphasize financial literacy for those in their local community. They might also consider their organization a green bank, committed to fighting climate change and avoiding projects that support fossil fuels.
10 Best Socially Responsible Banks and Credit Unions
The best socially responsible banking institutions combine sustainability, accessibility, transparency and ethics to help make the world a better place. Yet, you won’t sacrifice top-notch personal checking and savings or even high-quality business banking when you choose one of the financial institutions on our list. You can have the best of all worlds – and do what’s best for the world – by choosing a socially responsible bank or credit union.
1. Aspiration: Best for Online and Mobile Banking Services
Aspiration is not a bank. But it’s one of the best cash management accounts offered anywhere online, with no monthly fee and a host of money management features. The Aspiration Plus Spend Save account that offers 3% interest on savings.
Aspiration is a certified B-Corp that shows its commitment to socially responsible banking with a variety of programs. Aspiration will plant a tree each time you round up a debit card purchase to deposit the difference in your Save account. It pays 3% to 5% cash back on debit card purchases with companies that are members of the Conscience Coalition, a group of small businesses devoted to social responsibility and sustainability.
Aspiration offers two accounts: One asks members to “Pay-What-Is-Fair,” which means you can use the account for free if you choose. Aspiration Plus costs $7.99 monthly or $71.88 annually (save $24 when you pay upfront.) Save accounts in the Pay What Is Fair model earn 1% APY, while Aspiration Plus savings accounts earn 3% APY.
2. Amalgamated Bank: Best for Investment Planning
Amalgamated Bank has branch locations in the nation’s largest cities: Boston, New York, San Francisco and Washington D.C. The bank offers personal checking and savings accounts with no monthly fees.
Amalgamated Bank offers four checking account tiers, including three interest bearing accounts. Two of the accounts have no minimum opening deposit. If you choose the interest earning Give-Back Checking account, you’ll earn a high APY of 0.90% – 0.95%, with an additional contribution of one-half of your interest earnings going to the charitable organization of your choice.
In addition to its choices in checking and savings accounts, Amalgamated Bank stands out when it comes to helping new retail investors choose ESG companies to invest in and plan for their future.
3. Spring Bank: Best for New Yorkers
Hailed as New York’s first B Corp bank, Spring Bank offers personal and business banking online and at branches in Harlem and the Bronx. The Green Checking account offers no monthly fee with direct deposit, paperless statements and no overdraft fees. If you need an account to write checks, you’ll want to choose the Basic Checking account.
Spring Bank deposits are insured by the Federal Deposit Insurance Corporation, up to $250,000 per depositor, per account. But the bank works with the IntraFi Network to also insure multi-million dollar deposits across multiple reputable U.S. banks.
Spring Bank offers CDs with terms from 90 days up to five years with a minimum deposit of just $250 and interest rates ranging from1.50% APY up to 3.25% APY. The bank also has a high-yield Vacation/Club savings account for short-term savings.
Spring Bank ranks in the top 5% of all 3,000 B Corps across the world and earned awards for its Governance and Customer Service in 2022. The company strives to provide affordable financial products, enabling its customers to avoid what it calls “fringe” financial products like check-cashing services and payday loans.
The bank also supports small businesses in New York and beyond with business checking accounts, money market accounts, and business loans.
4. Beneficial State Bank: Best for West Coast Residents
With seven locations across California, Oregon, and Washington, Beneficial State Bank is the B Corp bank of choice for those on the West Coast. The bank’s majority owner is Beneficial State Foundation, a nonprofit organization serving the public interest.
Beneficial State Bank offers three checking accounts, all with a $50 minimum opening balance and a low monthly service charge. eChecking waives the monthly fee if you sign up for eStatements. Checking and Interest Checking products have low monthly service charges that are easy to waive if you meet certain criteria. The bank also has savings, money market, CD, and IRA accounts to help you meet your long-term and short-term savings goals.
With an emphasis on ethical, equitable banking, Beneficial State Bank is a green bank that does not support or lend fossil fuel companies. The bank shows where every percentage of your deposit goes and says that 75% of its lending occurs within its mission categories. The other 25% supports other categories, but never to projects or organizations that cause harm to the planet or the people on it.
Some of the bank’s top lending categories for businesses and consumers include environmental sustainability, affordable housing, auto loans with fair interest rates, and health and well-being. The bank is also a preferred lender for clean vehicle programs in the state of California.
5. City First Bank, A Subsidiary of Broadway Federal Bank: Best for Commercial and Nonprofit Banking
City First Bank is part of a family of companies devoted to socially responsible lending and personal and business banking in low to moderate income communities. City First Bank, based in Washington, D.C., is a black-led, minority depository institute (MDI), as well as a B Corp and a member of Global Alliance for Banking on Values.
City First Bank offers a variety of personal and business banking products, as well as accounts for nonprofit organizations. The personal checking account has no monthly fee if you meet any of four criteria:
One monthly direct deposit
10 debit card transactions
eStatement enrollment
Minimum monthly balance of $100
The bank also offers a personal savings account, CDs, money market accounts and savings accounts for minors.
6. Sunrise Banks: Best for Mortgages
Sunrise Banks offers a full range of personal banking products, including personal checking, savings accounts, credit cards, and a pre-paid Mastercard. But it is best known for its Pathway2Home affordable mortgage product, as well as other mortgages with down payments as low as 3%. The bank also writes VA loans with no down payment required.
By supporting affordable housing and helping Minnesota residents get into homes of their own and begin building generational wealth, Sunrise Banks shows its commitment to socially responsible banking. Like many of the socially responsible banks on this list, Sunrise Banks is a member of GBAV, a Community Development Financial Institution, and a B corporation.
7. Clean Energy Credit Union: Best for Clean Energy Loans
Most of the banks on our list support efforts to reduce climate change, do not help fund or support fossil fuel companies, and run their organization sustainably. Clean Energy Credit Union works to fund renewable energy through personal loans for electric bicycles, solar electric systems, geothermal heat pump systems, and green home improvements. Clean Energy Credit Union also offers auto loans for electric vehicles.
While the credit union specializes in funding renewable energy and other loans, it also offers options for personal checking and savings accounts. Checking accounts offer dividends from .01% APY to 3.56% APY with a minimum opening balance of just $25 and no monthly fees if you meet certain requirements, including having a Clean Energy loan.
Savings accounts include a bank account with a 0.15% APY and a minimum opening deposit of $100, certificates, and a money market account with dividends ranging from 0.95% up to 1.61% APY, with a minimum deposit of $2,500.
As part of its commitment to green living, the credit union offers bio-based, compostable debit cards that are eco-friendly. It is also one of the few banks or credit unions on our list that offers a Carbon Zero Teen Account online, which shows your teen the carbon offsets their deposits can fund.
8. National Cooperative Bank
National Cooperative Bank offers high yield CDs, and money market accounts, as well as checking and savings accounts and business products. The bank offers an interest earning checking account with a 0.90% APY and no minimum opening deposit. There is a $15 monthly fee if the balance falls below $500.
The money market account has a high 2.28% APY, with a minimum balance of $5,000 to avoid the $25 monthly fee. You will need just $100 to open the account. You can earn a 4.34% APY on with a 12-month CD with a $2,500 minimum opening deposit.
While the bank is committed to helping its customers earn money through high interest rates, it is equally committed to its duties as a socially responsible bank. The bank has donated $8 billion to support underserved communities nationwide, and provided loans and investments of $475 million to low and moderate income families, including mortgage loans.
9. Clearwater Credit Union: Best for Previously Unbanked Consumers
Clearwater Credit Union is a certified Community Development Financial Institution and a member GBAV. While most credit unions are devoted to serving their local communities, Clearwater takes it a step further by donating $1.6 million to 290 non-profit organizations in 2022. Employees donated more than 1,340 volunteer hours within their local communities, and the credit union awarded $20,000 in scholarships to students in the credit union’s home state of Montana.
Clearwater CU offers multiple choices in bank accounts, including a basic checking with no monthly fee, a premium checking that pays dividends, and a SmartSpend checking account with a low, $5 monthly fee for previously unbanked consumers.
The SmartSpend account can help lower income individuals and families avoid the fees that come with check cashing services or prepaid debit cards. It also gives them the opportunity to avoid overdraft fees while gaining the convenience of a deposit account, debit card, and access to mobile banking.
10. Carver Federal Savings Bank: Best for Small Business Banking
Many of the banks on our list devote time and money to sustainability, equality, and other social causes. But they don’t necessarily offer the highest interest rates available in online banking today. Carver Federal Savings Bank, however, is a Black-operated, socially responsible bank that also delivers high-yield savings of 4.00% APY.
But there is a catch. You’ll need a $5,000 minimum opening deposit. This might make the Carver savings account inaccessible to many in underserved communities seeking personal checking and savings accounts. However, for those on firm financial footing who want to support a socially responsible bank, Carver’s high yield savings is a solid choice.
Beyond the high yield savings, Carver is known for an array of checking and savings products for small business owners, including a money market account with 2.00% APY and a business interest checking account.
Start-up businesses or those with low-to-moderate balances might prefer the Carver Community Business Free Checking with no minimum balance, no monthly fee, and 200 free transactions per month. The bank focuses on Black- and Minority-owned businesses as well as women-owned businesses across New York City.
Carver is a designated CDFI and has reinvested 80% of every dollar deposited into NYC communities. It also donated $149 million in New Market Tax credit and more than $259 million in leveraged loans across the New York metro area.
How to Choose Socially Responsible or Sustainable Banks and Credit Unions
When you’re shopping around for a socially responsible bank, first consider what aspects of ethical banking are most important to you. Are you looking for a bank committed to serving low income communities, or one that puts a focus on renewable energy? Maybe sustainability is the most significant aspect to finding a socially responsible bank that aligns with your values.
Of course, you also want to think about all the other elements that you would consider for your personal banking needs. These include low fees, online banking capabilities and an intuitive mobile app, early availability of your direct deposits, and a high yield savings account.
Our list of the best socially responsible banks takes all these factors into consideration and showcases banks that back up their values with investments – in their communities and in the environment.
Organizations That Support Sustainability and Social Responsibility
The best socially responsible banks often showcase their commitment to ethical banking through certifications or membership in organizations that support and reflect their values. If a bank is a member of the Global Alliance for Banking on Values, recognized as a community development financial institution (CDFI) or a Certified B corp, you know the bank has demonstrated its commitment to ethical banking.
Global Alliance for Banking on Values (GABV)
The Global Alliance for Banking on Values (GABV) is a worldwide network of socially responsible banks committed to ESG values. GABV banks focus on three pillars:
Finance change
Do no harm
Sustainable products and services
To join the Global Alliance for Banking on Values (GABV), banks must show their commitment to sustainability, and have a balance sheet of at least $50 million. They must be a full service bank and show financial stability and stable governance. Many of the best socially responsible banks are members of the Global Alliance for Banking on Values (GABV).
Community Development Financial Institutions (CDFIs)
A Community Development Financial Institution is a bank, cash management account, or credit union that is certified by the U.S. government. It’s a bank that has shown a commitment to providing banking services in low income communities and underserved communities across the U.S.
Unlike many other financial institutions, Community Development Financial Institutions focus on areas such as economic development, affordable housing and supporting small businesses in their local community.
Certified B Corp
A Certified B Corp is any organization or socially responsible financial institution that successfully balances purpose and profit. Organizations can apply for B Corp certification if they demonstrate transparency, social responsibility, and show high social and environmental sustainability standards. Banks and credit unions must pass rigorous certification standards to become recognized as a B Corp.
FAQs
Still have questions about the best socially responsible banks? Check out some commonly asked questions below.
Which banks are eco-friendly?
Many U.S. banks meet eco-friendly requirements in a variety of ways. Some, like Clean Energy Credit Union, refuse to support fossil fuel companies. Aspiration plants a tree whenever customers round up their debit card purchases to deposit into a savings account.
To find eco-friendly banks, you can look up their ESG (Environmental, Social & Governance) ratings on their websites, in their financial statements, or on a website like Sustainalytics.
Remember, ESG ratings are derived from many factors, including a company’s diversity & inclusion practices, sustainability, charitable donations, and more. You may have to dig deeper to see which banks employ sustainable practices to reduce their carbon footprint.
How Can You Determine Which Banks Are Committed to Ethical Banking?
A search on a company website should help you find the best socially responsible banks committed to ethical banking. Check online to see if the bank helps underserved communities or the unbanked or underbanked population. Ethical banks may be recognized as a community development financial institution.
What is responsible banking?
Responsible banking or ethical banking typically focuses on three key areas:
Banking access and community development
Environmental impact and climate change
Holistic social responsibility
What is an ESG bank?
An ESG bank focuses on environmental sustainability, social responsibility and ethical governance.
Solid minerals are naturally occurring substances such as metals, non-metallic minerals, and rocks. These minerals are generally mined from the earth’s crust and are used in various industrial and economic activities.The value of minerals can vary, depending on a variety of factors, such as the demand for the mineral, its scarcity, and its usefulness in various industries. Here are some of the most valuable minerals in the world:
1. Rhodium
Rhodium, a scarce and lustrous metal, finds its application in catalytic converters and jewelry. Apart from its aesthetic value, its high resistance to corrosion and ability to reflect light makes it ideal for jewelry. As of today, it holds the record for being the priciest precious metal worldwide, with a market value of approximately $24,000 per ounce, surpassing gold and platinum.
2. Platinum
Platinum is a highly versatile and valuable metal known for its unique properties and diverse range of applications. Its remarkable density, malleability, resistance to corrosion, and high melting point make it an ideal choice in various industries, including catalytic converters, jewelry, and electronic components production. It is also widely used in high-end watches and fine jewelry due to its rarity and association with luxury. Platinum’s market price averages around $1,000 per ounce, reflecting its worth and high demand. Its combination of beauty, durability, and functionality continues to make it a highly prized and valuable metal.
3. Gold
For centuries, gold has been prized for its malleability, ductility, and resistance to corrosion. Its timeless beauty and scarcity have also made it a treasured symbol of wealth and status across different cultures and civilizations. Today, gold continues to hold its value, with its current price hovering around $1,800 per ounce.
4. Diamonds
Diamonds are among the most sought-after and coveted gemstones worldwide. These exquisite gems are widely used in jewelry and serve an essential role in various industries, including cutting tools for mining and construction. The value of a diamond is determined by the 4 Cs: carat weight, color, clarity, and cut. A diamond’s carat weight refers to its size, and larger diamonds are typically more valuable. The color of a diamond ranges from colorless to light yellow or brown, with colorless diamonds being the rarest and most valuable. Clarity refers to the number of imperfections, or inclusions, in the diamond, with fewer inclusions indicating higher clarity and value. Finally, the cut of a diamond refers to its shape and angles, which determines its brilliance and overall beauty.
5. Lithium
Lithium is highly reactive and the lightest metal. It’s used in a wide range of applications, from powering electronic devices and electric vehicles to manufacturing ceramics and glass. Due to its remarkable electrochemical properties, the demand for lithium has surged in recent years, primarily driven by the growing market for electric vehicles. As a result, the value of lithium has skyrocketed, making it a highly lucrative industry for investors and mining companies alike. However, the production and mining of lithium have environmental and social impacts, making it a controversial topic for sustainability advocates.
6. Cobalt
Cobalt is a lustrous transition metal known for its high melting point and magnetic properties. Its indispensable role in rechargeable batteries and electronic devices has made it a critical component in modern technology. Moreover, its value has surged in recent years as the global transition towards electric vehicles continues to accelerate since cobalt is a key element in the production of their batteries.
7. Palladium
Palladium is a valuable transition metal used in various industries, including automobile, electronics, jewelry, dentistry, medicine, and advanced technologies. Its market value has increased due to the growing demand for catalytic converters, while its exceptional qualities, such as biocompatibility and corrosion resistance, make it a critical material in different applications.
8. Silver
Silver is a malleable and ductile metal, and because it’s so versatile, it finds its application in various industries, including photography, dentistry, and solar power. Its market value of $25 per ounce makes it a popular investment option for both individuals and institutions due to its stability and potential for long-term growth. In addition to its economic importance, silver has played a significant role in human history and culture. It has been used as currency and a store of value for thousands of years, while its luster and beauty make it a popular choice for decorative purposes.
These eight minerals are highly valuable and play an important role in various industries and economic activities worldwide. From the rare and costly rhodium to the versatile and widely used silver, each mineral has its unique properties and qualities that make it highly sought after. While the extraction and production of these minerals have environmental and social impacts, the demand for these minerals continues to grow, making them a crucial part of our modern world.
Who is one actress you can never stand watching, no matter their role? After polling the internet, these were the top-voted actresses that people couldn’t stand watching.
10 Actresses People Despise Watching Regardless of Their Role
These 7 Celebrities are Genuinely Good People
We’ve all heard the famous adage that “no publicity is bad publicity,” and while it tends to be accurate, there are certainly exceptions. But what about those few stars who stay out of the limelight and get along without a hint of trouble?
These 7 Celebrities are Genuinely Good People
Have you ever known someone and thought you liked them—until you learned about their hobbies? Then you get to know them and then you’re like, “Wow, red flag.” Well, you’re not alone.
These 10 Activities Are an Immediate Red Flag
Some celebrities definitely seem to enjoy the limelight and keep working to stay in the public eye. While others quickly move out of the spotlight. Many of these actors and actresses stepped out of the spotlight to live a more private life without constant media pressures.
10 Celebrities That Made the Big Times Then Disappeared Off The Face of the Earth
We’ve all been there – sitting through a movie that we can’t help but cringe at, but somehow it still manages to hold a special place in our hearts.
These 10 Terrible Movies Are Still People’s Favorites
From the outside, the rows of tile-roof houses in a new community in Menifee don’t look much different from those in other subdivisions cropping up in this fast-growing city in Riverside County. But on the inside, these all-electric homes are revolutionary, offering a glimpse of the zero-emission future we should be hurtling toward to fight climate change and adapt to its effects.
All the houses in the Durango and Oak Shade at Shadow Mountain communities, two adjacent KB Home subdivisions I visited in May for an opening event, were built without natural gas hookups or appliances. Each of the 219 homes comes with rooftop solar panels, heat pumps for heating and cooling, induction cooktops and other energy-efficient electric appliances, and a smart electrical panel that manages energy use. In the garage is a battery storage system that can power the home during an outage and in the evenings when the cost of electricity from the grid is higher.
They’ll also soon be connected to a shared community battery storage facility the size of a shipping container that’s a backbone of a system known as a microgrid. It will allow residents to disconnect from the electrical grid during an outage, and use the backup power to keep their lights on for a few days.
I expected these homes to come with a premium price tag, given their futuristic amenities. But they start around $520,000, and a 2,900-square foot, four-bedroom, two-bath Spanish-style home recently sold for about $590,000. Buyers aren’t paying extra for technology that would otherwise cost $30,000, according to the homebuilder, because the project was subsidized by a $6.65 million U.S. Department of Energy grant.
The homes have other energy efficiency features such as spray foam insulation under the roof to help cool the attic and the living space below. The houses are essentially “like a Yeti cooler,” as one official with SunPower, the company that provided their solar and battery-storage systems, told me. That’s life changing in this corner of Riverside County where summer days often exceed 100 degrees and utility bills climb painfully high.
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After spending a few hours checking out the homes’ energy-smart features and listening to company and government officials talk up their climate-friendliness and resilience, I was almost envious. The people moving into these houses are living in a world that, for now, remains a distant reality for most Californians for whom a fossil fuel-free home is still very much a pipe dream. And it highlighted how much work there is yet to do by state officials to ensure all Californians start to benefit from home electrification as that need becomes increasingly obvious in a world altered by climate change.
Underscoring that feeling for me was a remark by a California Energy Commission official in attendance, who noted that new construction accounts for less than 1% of the state’s housing stock in any given year.
California has 14 million homes and builds only about 110,000 new housing units a year. So even if all new homes are built with at least one electric heat pump, as the Energy Commission expects, that would account for only about 8% of all homes by 2030, 14% by 2040, and 20% by 2050. That’s not anywhere near fast enough to slash climate-warming emissions, which means that most of this transition will have to happen by replacing appliances in existing homes.
For now, California remains heavily dependent on fossil fuel in daily life, especially the methane gas that powers the majority of home appliances. For most of us, the transition to zero-emission electric living will be far more complicated, messy and slow than buying a new home.
The furnaces, stoves, clothes dryers and water heaters in our homes and businesses may not seem like big polluters individually, but they all add up to a lot. Buildings are one of the biggest emissions sources in California, responsible for about 25% of its climate pollution. But California still lacks the kind of straightforward zero-emission targets for buildings that it has already adopted for other major pollution sources like electricity generation and new cars.
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Because home appliances like furnaces and water heaters can last 15 years or longer, scaling up action over the next few years is critical if we are to get on a path to zero out greenhouse gas emissions by midcentury and avert catastrophic levels of climate change.
A recent report by Rewiring America, an electrification-focused nonprofit organization, found that to meet those climate targets the U.S. has to dramatically increase the pace of replacing fossil-fueled appliances and cars over the next three years. That would mean purchasing about 14 million more electric heat pumps, water heaters, stoves, rooftop solar systems and electric vehicles above what’s expected.
While California has some laudable goals, including Gov. Gavin Newsom’s target of installing 6 million heat pumps by 2030, state officials acknowledge that much greater numbers will be needed to put California on track to achieving a carbon-neutral economy by 2045.
State air quality regulators plan to end the sale of new gas-fueled furnaces and water heaters by 2030, and the Inflation Reduction Act and its array of consumer rebate and incentive programs should help bring down the cost of replacing them with electric heat pump models. But state leaders need to establish clear and ambitious targets for home electrification, while pursuing creative solutions such as establishing a neighborhood decarbonization programto retrofit entire low-income communities with electric appliances and infrastructure at the same time.
There are reasons for optimism, including the home construction industry’s embrace of electric technology. Heat pumps are doing particularly well, now accounting for more than 50% of the market in new construction.
But I’ve also encountered troubling stories that make me really concerned about the slow and uneven pace of change. I’ve heard from homeowners struggling to turn their houses all-electric and their travails through a thicket of contractor resistance, government red tape and other obstacles. I’ve spoken to community leaders who fear that low-income tenants and other disadvantaged groups will end up shouldering most of the burdens of electrification, like higher utility bills and rent increases landlords are likely to impose to pay for electrical upgrades. I’ve covered legal setbacks and fossil fuel industry resistance operations that are hindering the transition to healthier, gas-free homes.
At my family’s 1950s-era tract house, I want to replace the gas water heater, furnace, dryer and stove with heat pump and induction models as soon as we can afford to. But I know that will be a long, expensive journey with no shortage of complications — and electrical work.
For now, our entry point is a $100 countertop induction cooktop we’ve started to use instead of our gas burners. It boils water faster and doesn’t pollute the air, but draws so much electricity that we can’t turn on other kitchen appliances at the same time or it overloads the circuit.
Whether we rent or own or have a new or historic home, everyone should be able to live in an efficient, non-polluting and climate-ready dwelling even if it wasn’t purpose-built for an all-electric world like the new construction in Menifee. None of us should have to wait decades for that to be our reality too.
Welcome to San Diego, a city known for its stunning coastline, year-round sunshine, and vibrant lifestyle. If you’re in the market to buy a luxury home in this captivating city, you’re in for a treat. San Diego’s luxury real estate market offers an array of remarkable features and amenities that cater to the discerning tastes of potential homebuyers.
From breathtaking oceanfront properties with panoramic views to state-of-the-art smart home technologies and exquisite outdoor living spaces, this Redfin article explores the extraordinary features that make luxury homes in San Diego truly stand out. Whether you seek a serene retreat overlooking the Pacific or a modern oasis with the latest in luxury living, join us as we dive into the world of luxury home features in the San Diego housing market, where your dream residence awaits.
Top neighborhoods with luxury home features in San Diego
There are several neighborhoods renowned for their luxury homes and exceptional features in San Diego where homebuyers are willing to pay premium prices. With a median sale price of $4.2 million in May 2023, Rancho Santa Fe offers exclusive estates and sprawling properties, and is highly regarded for its privacy, elegance, and upscale amenities. Del Mar, known for its stunning coastal location, offers luxurious properties that provide breathtaking ocean views and beach access, and a vibrant lifestyle. Homes in Del Mar are also set at premium prices, with a median sale price of nearly $3 million. Lastly, homes in the La Jolla neighborhood, a prestigious coastal community, saw a median sale price of almost $2 million in May 2023. This neighborhood is celebrated for its cliffside estates, panoramic ocean vistas, and proximity to upscale dining and shopping.
6 popular luxury home features in San Diego
1. Seamless indoor-outdoor living spaces
You can expect a seamless fusion of indoor and outdoor spaces in luxury homes in San Diego, creating a harmonious connection with the picturesque surroundings. These homes often feature expansive walls of glass, retractable doors, or large sliders that effortlessly blend interior and exterior areas.
The inviting outdoor spaces are thoughtfully designed with spacious patios, lush landscaping, and resort-style amenities such as swimming pools, outdoor kitchens, and fire pits. Homeowners can enjoy the year-round pleasant climate, hosting gatherings that flow seamlessly from the indoor living areas to the outdoor oasis. Breathtaking views of the Pacific Ocean, rolling hills, or manicured gardens provide a captivating backdrop, further enhancing the indoor-outdoor living experience. These homes redefine luxury living in San Diego, embracing the region’s natural beauty and offering an unparalleled lifestyle that seamlessly integrates with the outdoors.
2. Luxury living on expansive property
Homebuyers exploring expansive properties in San Diego can expect to find an array of luxurious amenities that elevate the living experience to new heights. These properties often boast meticulously landscaped grounds, including sprawling gardens, lush lawns, and serene water features such as fountains or ponds.
Outdoor living spaces are a common highlight, featuring resort-style swimming pools, expansive patios for al fresco dining, and fully equipped outdoor kitchens for entertaining guests. Sports enthusiasts may discover private tennis or basketball courts, while those seeking relaxation might find tranquil spa areas or meditation gardens. Additionally, expansive properties often offer ample space for guesthouses, home gyms, or home offices, providing versatility and room to customize the living space according to individual needs. With their abundant amenities and room for personalization, these properties exemplify the epitome of luxury living in San Diego.
3. Exquisite touches in the primary suite
An updated bathroom is an essential luxury home feature in San Diego, particularly the primary bath, where meticulous attention is paid to luxurious finishes and impeccable details to create a spa-like experience. Spacious walk-in showers with multiple shower heads, soaking tubs, heated floors, and smart technology for lighting and temperature control are common features that enhance the overall bathing experience. In the primary bathroom, it’s common to find both a soaking tub and a shower, providing residents with a serene spa-like experience to unwind and indulge in relaxation.
Separate walk-in closets in the primary suite have become an increasingly sought-after addition in luxury homes. Designed with meticulous attention to detail, these closets are tailored to maximize personal space and organization, offering an abundance of storage for clothing, accessories, and personal belongings. With dedicated sections for each partner, these closets go beyond functionality, creating a sense of luxury and harmony in the home. They provide convenience and ease during daily routines, eliminating the need to share or compromise on storage space. These thoughtfully designed closets often feature built-in shelving, specialized compartments, and ample hanging space, ensuring that every item has its designated place.
4. Sustainable features to minimize carbon footprint
Luxury homes today have evolved to encompass not only opulence and comfort but also sustainability and self-sufficiency to help minimize carbon footprint. These modern residences prioritize eco-conscious living by integrating features like solar panels, energy-efficient appliances, and systems.
By harnessing solar power, homeowners can reduce their reliance on traditional energy sources, and with energy-efficient appliances, including water heaters and HVAC systems, optimize energy usage while maintaining a comfortable living environment. Luxury homes also cater to the growing popularity of electric vehicles by offering car chargers for convenient at-home charging. This integration of self-sufficiency and sustainability has become a highly sought-after feature among potential homebuyers in San Diego, reflecting their increasing awareness and desire for residences that align with their eco-conscious values.
5. Picturesque view of San Diego’s beautiful landscape
Luxury properties in San Diego are often strategically positioned to maximize the beauty of the natural landscape, boasting breathtaking views that encompass the picturesque surroundings of the ocean, mountains, canyons, and open spaces. With expansive windows and thoughtfully designed floor plans, these homes ensure that the captivating scenery is always in view, creating a seamless connection between indoor and outdoor spaces.
6. Accessory Dwelling Units (ADUs)
In the luxury market of San Diego, Accessory Dwelling Units (ADUs) have become a sought-after home feature due to their versatility and investment potential. ADUs offer flexibility for guest accommodations, home offices, or rental income opportunities, enhancing a property’s appeal. They maximize land usage while preserving privacy and independence, contributing to the trend of sustainable living. This additional space can also significantly impact the sale price of a listing in San Diego, reflecting high demand. For example, a recent Redfin Premier listing showcased a captivating compound-like setting, including a main residence, ADU, studio, pool, deck, and manicured garden. Buyers were drawn to the potential for multi-generational living, guest accommodations, home offices, and entertainment, creating a resort-like lifestyle within a private retreat.
As you embark on your search for the perfect home in San Diego, working with a Redfin Premier agent is essential. They’re equipped with the expertise and knowledge to guide you through the process, navigate the San Diego housing market, and buy your dream home.
Welcome to the captivating world of luxury homes in Sarasota, FL, where elegance meets coastal charm. Sarasota is renowned for its exquisite properties that redefine the standard of living through their luxury home features. If you’re in the market for a luxury home in Sarasota, prepare to be captivated by the breathtaking waterfront residences that offer panoramic views of the Gulf of Mexico.
So what are the most sought-after home features that luxury homebuyers desire in this upscale market? From the convenience of a private boat dock and beautiful wine cellars to enhance your experience, Sarasota’s luxury homes are meticulously crafted to exceed expectations and provide an unparalleled living experience for buyers seeking the pinnacle of luxury, convenience, and comfort. In this Redfin article, we explore the top amenities and popular luxury home features in Sarasota.
1. Water view
Owning a home with a mesmerizing water view grants residents the privilege of waking up to breathtaking panoramas. A water view offers a sense of serenity, inspiration, and tranquility, allowing residents to connect with nature and experience a heightened level of relaxation.
Whether it’s enjoying a morning coffee on the balcony or hosting gatherings with a backdrop of sparkling waters, a water view adds a touch of tranquility and charm that elevates the living experience to new heights. The mesmerizing vistas not only create a sense of serenity but also offer a constant reminder of the natural beauty that surrounds the home. Embracing the soothing sounds of waves or enjoying breathtaking sunsets over the water, a water view enhances every moment, making everyday life feel like a retreat in a private coastal oasis.
2. Backyard oasis
With Sarasota’s pleasant year-round climate and lush surroundings, it’s the perfect place for homeowners to create their own personal sanctuary within the privacy of their backyard. These meticulously designed outdoor spaces often feature sparkling swimming pools, soothing spas, verdant gardens, and luxurious lounging areas.
Whether you’re hosting memorable gatherings, unwinding with a good book, or having dinner while enjoying the sunset, a backyard oasis becomes an extension of the home, seamlessly blending indoor and outdoor living. This sought-after luxury feature allows homeowners to embrace the idyllic Sarasota lifestyle, basking in the beauty of nature, and creating cherished memories that will last a lifetime.
3. Wine Cellar
For those of us who enjoy a good glass of wine, having a wine cellar in your home – often decked out with exotic woods and glass walls – offers a dedicated space to safely store and showcase your collection of vintages. A cellar also serves as a private retreat for tastings and entertaining, creating an immersive experience for wine enthusiasts.
4. Beachfront property and a private boat dock
Beachfront property or private beach access is hailed as the epitome of luxury in Sarasota. The beach becomes an extension of your backyard, offering a private sanctuary where you can relax, unwind, and bask in the breathtaking beauty of the Gulf of Mexico.
With the city’s prime location along the Gulf of Mexico and numerous inland waterways, Sarasota is a boater’s paradise, and a private boat dock is also a luxury home feature, providing direct access to the shimmering waters. The convenience of a dock opens up a world of possibilities for boating enthusiasts, allowing them to embark on leisurely cruises, fishing expeditions, or adventurous water sports right from their own backyard.
Water access can really elevate a home listing in Sarasota and set it apart from the rest. The allure of living near the water is undeniable, and luxury homebuyers seek the unparalleled lifestyle that comes with easy access to the beach and a private boat dock.
5. Electric car charging
In the era of sustainability and eco-conscious living, the luxury home market is witnessing a rapid rise in the popularity of electric car charging as a coveted feature among potential homebuyers. As electric vehicles become increasingly prevalent, homeowners are seeking the convenience and efficiency of having a dedicated charging station right at their doorstep while reducing their carbon footprint.
Luxury homes equipped with electric car charging capabilities offer a seamless and eco-friendly lifestyle choice. The presence of a charging station not only caters to the growing number of electric vehicle owners but also signifies a commitment to environmental responsibility. This feature allows homeowners to effortlessly charge their vehicles at home, eliminating the need for frequent visits to public charging stations. Home listings with integrated electric car charging tap into the desires of environmentally conscious buyers who seek the perfect fusion of luxury, convenience, and sustainability.
6. Expansive lots
In the rapidly growing luxury market of Sarasota County, the demand for large lots has increased exponentially among buyers. As the region experiences unprecedented growth, the scarcity of expansive land parcels adds an exclusive appeal to luxury properties. The allure of a large lot lies in the abundance of space it offers, allowing homeowners to create their own private oasis and tailor their surroundings to their unique desires, whether it’s sprawling gardens, expansive outdoor entertaining areas, or the ample privacy.
Top neighborhoods with luxury home features in Sarasota
The prestigious neighborhood of Bird Key attracts discerning homeowners seeking the pinnacle of luxury lifestyle. From meticulously crafted architectural designs to exquisite interior finishes, Bird Key homes boast a blend of timeless charm and contemporary allure that homebuyers are willing to pay premium prices for. The prime waterfront location – with breathtaking views of the Sarasota Bay, Gulf of Mexico, and picturesque canals – is also a major draw.
The demand for homes in Bird Key remains high due to the limited inventory and the exclusivity associated with the neighborhood. The scarcity of available properties, combined with the exceptional amenities and lifestyle offerings, contributes to the higher price tags seen in this coveted neighborhood.
In fact, the average median sale price for homes in Bird Key was $1,850,000 in May 2023.
This figure significantly exceeds both the national median sale price and the city of Sarasota’s median sale price by over $1.3 million, highlighting the desirability of these upscale communities.
A final note on luxury home features in Sarasota
From beachfront living and private boat access to a backyard oasis and water view, these luxury home features enhance the lifestyle and elevate the experience of homeownership. As the luxury market continues to flourish, potential buyers are presented with a wealth of options.
If you’re buying a luxury home in Sarasota, your Redfin Premier Agent is equipped to offer valuable insights into the local market, including insight into the neighborhoods, highly sought-after amenities, pricing trends, and available luxury properties.
High above the Las Vegas Strip, solar panels blanketed the roof of Mandalay Bay Convention Center — 26,000 of them, rippling across an area larger than 20 football fields.
From this vantage point, the sun-dappled Mandalay Bay and Delano hotels dominated the horizon, emerging like comically large golden scepters from the glittering black panels.Snow-tipped mountains rose to the west.
It was a cold winter morning in the Mojave Desert. But there was plenty of sunlight to supply the solar array.
“This is really an ideal location,” said Michael Gulich, vice president of sustainability at MGM Resorts International.
The same goes for the rest of Las Vegas and its sprawling suburbs.
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Sin City already has more solar panels per person than any major U.S. metropolis outside Hawaii, according to one analysis. And the city is bursting with single-family homes, warehouses and parking lots untouched by solar.
L.A. Times energy reporter Sammy Roth heads to the Las Vegas Valley, where giant solar fields are beginning to carpet the desert. But what is the environmental cost? (Video by Jessica Q. Chen, Maggie Beidelman / Los Angeles Times)
There’s enormous opportunity to lower household utility bills and cut climate pollution — without damaging wildlife habitat or disrupting treasured landscapes.
But that hasn’t stopped corporations from making plans to carpet the desert surrounding Las Vegas with dozens of giant solar fields — some of them designed to supply power to California. The Biden administration has fueled that growth, taking steps to encourage solar and wind energy development across vast stretches of public lands in Nevada and other Western states.
Those energy generators could imperil rare plants and slow-footed tortoises already threatened by rising temperatures.
They could also lessen the death and suffering from the worsening heat waves, fires, droughts and storms of the climate crisis.
Researchers have found there’s not nearly enough space on rooftops to supply all U.S. electricity — especially as more people drive electric cars. Even an analysis funded by rooftop solar advocates and installers found that the most cost-effective route to phasing out fossil fuels involves six times more power from big solar and wind farms than from smaller local solar systems.
But the exact balance has yet to be determined. And Nevada is ground zero for figuring it out.
The outcome could be determined, in part, by billionaire investor Warren Buffett.
The so-called Oracle of Omaha owns NV Energy, the monopoly utility that supplies electricity to most Nevadans. NV Energy and its investor-owned utility brethren across the country can earn huge amounts of money paving over public lands with solar and wind farms and building long-distance transmission lines to cities.
But by regulatory design, those companies don’t profit off rooftop solar. And in many cases, they’ve fought to limit rooftop solar — which can reduce the need for large-scale infrastructure and result in lower returns for investors.
Mike Troncoso remembers the exact date of Nevada’s rooftop solar reckoning.
It was Dec. 23, 2015, and he was working for SolarCity. The rooftop installer abruptly ceased operations in the Silver State after NV Energy helped persuade officials to slash a program that pays solar customers for energy they send to the power grid.
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“I was out in the field working, and we got a call: ‘Stop everything you’re doing, don’t finish the project, come to the warehouse,’” Troncoso said. “It was right before Christmas, and they said, ‘Hey, guys, unfortunately we’re getting shut down.’”
After a public outcry, Nevada lawmakers partly reversed the reductions to rooftop solar incentives. Since then, NV Energy and the rooftop solar industry have maintained an uneasy political ceasefire. Installations now exceed pre-2015 levels.
Today, Troncoso is Nevada branch manager for Sunrun, the nation’s largest rooftop solar installer. The company has enough work in the state to support a dozen crews, each named for a different casino. On a chilly winter morning before sunrise, they prepared for the day ahead — laying out steel rails, hooking up microinverters and loading panels onto powder-blue trucks.
But even if Sunrun’s business continues to grow, it won’t eliminate the need for large solar farms in the desert.
Some habitat destruction is unavoidable — at least if we want to break our fossil fuel addiction. The key questions are: How many big solar farms are needed, and where should they be built? Can they be engineered to coexist with animals and plants?
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And if not, should Americans be willing to sacrifice a few endangered species in the name of tackling climate change?
To answer those questions, Los Angeles Times journalists spent a week in southern Nevada, touring solar construction sites, hiking up sand dunes and off-roading through the Mojave. We spoke with NV Energy executives, conservation activists battling Buffett’s company and desert rats who don’t want to see their favorite off-highway vehicle trails cut off by solar farms.
Odds are, no one will get everything they want.
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The tortoise in the coal mine
Biologist Bre Moyle easily spotted the small yellow flag affixed to a scraggly creosote bush — one of many hardy plants sprouting from the caliche soil, surrounded by rows of gleaming steel trusses that would soon hoist solar panels toward the sky.
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Moyle leaned down for a closer look, gently pulling aside branches to reveal a football-sized hole in the ground. It was the entrance to a desert tortoise burrow — one of thousands catalogued by her employer, Primergy Solar, during construction of one of the nation’s largest solar farms on public lands outside Las Vegas.
“I wouldn’t stand on this side of it,” Moyle advised us. “If you walk back there, you could collapse it, potentially.”
I’d seen plenty of solar construction sites in my decade reporting on energy. But none like this.
Instead of tearing out every cactus and other plant and leveling the land flat — the “blade and grade” method — Primergy had left much of the native vegetation in place and installed trusses of different heights to match the ground’s natural contours. The company had temporarily relocated more than 1,600 plants to an on-site nursery, with plans to put them back later.
The Oakland-based developer also went to great lengths to safeguard desert tortoises — an iconic reptile protected under the federal Endangered Species Act, and the biggest environmental roadblock to building solar in the Mojave.
Desert tortoises are sensitive to global warming, residential sprawl and other human encroachment on their habitat. The U.S. Fish and Wildlife Service has estimated tortoise populations fell by more than one-third between 2004 and 2014.
Scientists consider much of the Primergy site high-quality tortoise habitat. It also straddles a connectivity corridor that could help the reptiles seek safer haven as hotter weather and more extreme droughts make their current homes increasingly unlivable.
Before Primergy started building, the company scoured the site and removed 167 tortoises, with plans to let them return and live among the solar panels once the heavy lifting is over. Two-thirds of the project site will be repopulated with tortoises.
Workers removed more tortoises during construction. As of January, the company knew of just two tortoises killed — one that may have been hit by a car, and another that may have been entombed in its burrow by roadwork, then eaten by a kit fox.
Primergy Vice President Thomas Regenhard acknowledged the company can’t build solar here without doing any harm to the ecosystem — or spurring opposition from conservation activists. But as he watched union construction workers lift panels onto trusses, he said Primergy is “making the best of the worst-case situation” for solar opponents.
“What we’re trying to do is make it the least impactful on the environment and natural resources,” he said. “What we’re also doing is we’re sharing that knowledge, so that these projects can be built in a better way moving forward.”
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The company isn’t saving tortoises out of the goodness of its profit-seeking heart.
The U.S. Bureau of Land Management conditioned its approval of the solar farm, called Gemini, on a long list of environmental protection measures — and only after some bureau staffers seemingly contemplated rejecting the project entirely.
Documents obtained under the Freedom of Information Act by the conservation group Defenders of Wildlife show the bureau’s Las Vegas field office drafted several versions of a “record of decision” that would have denied the permit application for Gemini. The drafts listed several objections, including harm to desert tortoises, loss of space for off-road vehicle drivers and disturbance of the Old Spanish National Historic Trail, which runs through the project site.
Separately, Primergy reached a legal settlement with conservationists — who challenged the project’s federal approval in court — in which the company agreed to additional steps to protect tortoises and a plant known as the three-corner milkvetch.
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The company estimates just 2.5% of the project site will be permanently disturbed — far less than the 33% allowed by Primergy’s federal permit. Regenhard is hopeful the lessons learned here will inform future solar development on public lands.
“This is something new. So we’re refining a lot of the processes,” he said. “We’re not perfect. We’re still learning.”
By the time construction wraps this fall, 1.8 million panels will cover nearly 4,000 football fields’ worth of land, just off the 15 Freeway. They’ll be able to produce 690 megawatts of power — as much as 115,000 typical home solar systems. And they’ll be paired with batteries, to store energy and help NV Energy customers keep running their air conditioners after sundown.
Unlike many solar fields, Gemini is close to the population it will serve — just a few dozen miles from the Strip. And the affected landscape is far from visually stunning, with none of the red-rock majesty found at nearby Valley of Fire State Park.
But desert tortoises don’t care if a place looks cool to humans. They care if it’s good tortoise habitat.
Moyle, Primergy’s environmental services manager, pointed to a small black structure at the bottom of a fence along the site’s edge — a shade shelter for tortoises. Workers installed them every 800 feet, so that if any relocated reptiles try to return to the solar farm too early, they don’t die pacing along the fence in the heat.
“They have a really, really good sense of direction,” Moyle said. “They know where their homes are. They want to come back.”
Primergy will study what happens when tortoises do come back. Will they benefit from the shade of the solar panels? Or will they struggle to survive on the industrialized landscape?
And looming over those uncertainties, a more existential query: With global warming beginning to devastate human and animal life around the world, should we really be slowing or stopping solar development to save a single type of reptile?
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Moyle was ready with an answer: Tortoises are a keystone species. If they’re doing well, it’s a good sign of a healthy ecosystem in which other desert creatures — such as burrowing owls, kit foxes and American badgers — are positioned to thrive, too.
And as the COVID-19 pandemic has demonstrated, human survival is inextricably linked with a healthy natural world.
“We take one thing out, we don’t know what sort of disastrous effect it’s going to have on everything else,” Moyle said.
We do, however, know the consequences of relying on fossil fuels: entire towns burning to the ground, Lake Mead three-quarters empty, elderly Americans baking to death in their overheated homes. With worse to come.
The shifting sands of time
A few miles south, another solar project was rising in the desert. This one looked different.
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A fleet of bulldozers, scrapers, excavators and graders was nearly done flattening the land — a beige moonscape devoid of cacti and creosote. The solar panel support trusses were all the same height, forming an eerily rigid silver sea.
When I asked Carl Glass — construction manager for DEPCOM Power, the contractor building this project for Buffett’s NV Energy — why workers couldn’t leave vegetation in place like at Gemini, he offered a simple answer: drainage. Allowing the land to retain its natural contours, he said, would make it difficult to move stormwater off the site during summer monsoons.
Safety was another consideration, said Dani Strain, NV Energy’s senior manager for the project. Blading and grading the land meant workers wouldn’t have to carry solar panels and equipment across ground studded with tripping hazards.
“It’s nicer for the environment not to do it,” Strain said. “But it creates other problems. You can’t have everything.”
This kind of solar project has typified development in the Mojave Desert.
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And it helps explain why the Center for Biological Diversity’s Patrick Donnelly has fought so hard to limit that development.
The morning after touring the solar construction sites, we joined Donnelly for a hike up Big Dune, a giant pile of sand covering five square miles and towering 500 feet above the desert floor, 90 miles northwest of Las Vegas. The sun was just beginning its ascent over the Mojave, bathing the sand in a smooth umber glow beneath pockets of wispy cloud.
On weekends, Donnelly said, the dune can be overrun by thousands of off-road vehicles. But on this day, it was quiet.
Energy companies have proposed more than a dozen solar farms on public lands surrounding Big Dune — some with overlapping footprints. Donnelly doesn’t oppose all of them. But he thinks federal agencies should limit solar to the least ecologically sensitive parts of Nevada, instead of letting companies pitch projects almost anywhere they choose.
“Developers are looking at this as low-hanging fruit,” he said. “The idea is, this is where California can build all of its solar.”
We trekked slowly up the dune, our bodies casting long shadows in the early morning light. When we took a breather and looked back down, a trail of footprints marked our path. Donnelly assured us a windy day would wipe them away.
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“This is why I live here, man,” he said. “It’s the most beautiful place on Earth, in my mind.”
Donnelly broke his back in a rock-climbing accident, so he used a walking stick to scale the dune. He lives not far from here, at the edge of Death Valley National Park, and works as the nonprofit Center for Biological Diversity’s Great Basin director.
As we resumed our journey, the wind blowing hard, I asked Donnelly to rank the top human threats to the Mojave. He was quick to answer: The climate crisis was No. 1, followed by housing sprawl, solar development and off-road vehicles.
“There’s no good solar project in the desert. But there’s less bad,” he said. “And we’re at a point now where we have to settle for less bad, because the alternatives are more bad: more coal, more gas, climate apocalypse.”
That hasn’t stopped Donnelly and his colleagues from fighting renewable energy projects they fear would wipe out entire species — even little-known plants and animals with tiny ranges, such as Tiehm’s buckwheat and the Dixie Valley toad.
“I’m not a religious guy,” Donnelly said. “But all God’s creatures great and small.”
After a steep stretch of sand, we stopped along a ridge with sweeping views. To our west were the Funeral Mountains, across the California state line in Death Valley National Park — and far beyond them Mt. Whitney, its snow-covered facade just barely visible. To our east was Highway 95, cutting across the Amargosa Valley en route from Las Vegas to Reno.
It’s along this highway that so many developers want to build.
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“We would be in a sea of solar right now,” Donnelly said.
Having heard plenty of rural residents say they don’t want to look at such a sea, I asked Donnelly if this was a bad spot for solar because it would ruin the glorious views. He told me he never makes that argument, “because honestly, views aren’t really the primary concern at this moment. The primary concern is stopping the biodiversity crisis and the climate crisis.”
“There are certain places where we shouldn’t put solar because it’s a wild and undisturbed landscape,” he said.
As far as he’s concerned, though, the Amargosa Valley isn’t one of those landscapes, what with Highway 95 running through it. The same goes for Dry Lake Valley, where NV Energy’s solar construction site is already surrounded by energy infrastructure.
What Donnelly would like to see is better planning.
He pointed to California, where state and federal officials spent eight years crafting a desert conservation plan that allows solar and wind farms across a few hundred thousand acres while setting aside millions more for protection. He thinks a similar process is crucial in Nevada, where four-fifths of the land area is owned by the federal government — more than any other state.
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If Donnelly had his way, regulators would put the kibosh on solar farms immediately adjacent to Big Dune. He’s worried they could alter the movement of sand across the desert floor, affecting several rare beetles that call the dune home.
But if the feds want to allow solar projects along the highway to the south, near the Area 51 Alien Center?
“Might not be the end the world,” Donnelly said.
He shot me a grin.
“You know, one thing I like to do …”
Without warning, he took off racing down the dune, carried by momentum and love for the desert. He laughed as he reached a natural stopping point, calling for us to join him. His voice sounded free and full of possibility.
Some solar panels on the horizon wouldn’t have changed that.
Shout it from the rooftops
Laura Cunningham and Kevin Emmerich were a match made in Mojave Desert heaven.
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Cunningham was a wildlife biologist, Emmerich a park ranger when they met nearly 30 years ago at Death Valley. She studied tortoises for government agencies and later a private contractor. He worked with bighorn sheep and gave interpretive talks. They got married, bought property along the Amargosa River and started their own conservation group, Basin and Range Watch.
And they’ve been fighting solar development ever since.
That’s how we ended up in the back of their SUV, pulling open a rickety cattle gate off Highway 95 and driving past wild burros on a dirt road through Nevada’s Bullfrog Hills, 100 miles northwest of Las Vegas.
They had told us Sarcobatus Flat was stunning, but I was still surprised by how stunning. I got my first look as we crested a ridge. The gently sloping valley spilled down toward Death Valley National Park, whose snowy mountain peaks towered over a landscape dotted with thousands of Joshua trees.
“Everything we’re looking at is proposed for solar development,” Cunningham said.
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Most environmentalists agree we need at least some large solar farms. Cunningham and Emmerich are different. They’re at the vanguard of a harder-core desert protection movement that sees all large-scale solar farms on public lands as bad news.
Why had so many companies converged on Sarcobatus Flat?
The main answer is transmission. NV Energy is seeking federal approval to build the 358-mile Greenlink West electric line, which would carry thousands of megawatts of renewable power between Reno and Las Vegas along the Highway 95 corridor.
The dirt road curved around a small hill, and suddenly we found ourselves on the valley floor, surrounded by Joshua trees. Some looked healthy; others had bark that had been chewed by rodents seeking water, a sign of drought stress. Scientists estimate the Joshua tree’s western subspecies could lose 90% of its range as the world gets hotter and droughts get more intense.
But asked whether climate change or solar posed a bigger threat to Sarcobatus Flat, Cunningham didn’t hesitate.
“Oh, solar development hands down,” she said.
Nearly 20 years ago, she said, she helped relocate desert tortoises to make way for a test track in California. One of them tried to return home, walking 20 miles before hitting a fence. It paced back and forth and eventually died of heat exhaustion.
Solar farms, she said, pose a similar threat to tortoises. And at Sarcobatus Flat, they would cover a high-elevation area that could otherwise serve as a climate refuge for Joshua trees, giving them a relatively cool place to reproduce as the planet heats up.
“It makes no sense to me that we’re going to bulldoze them down and throw them into trash piles. It’s just crazy,” she said.
In Cunningham and Emmerich’s view, every sun-baked parking lot in L.A. and Vegas and Phoenix should have a solar canopy, every warehouse and single-family home a solar roof. It’s a common argument among desert defenders: Why sacrifice sensitive ecosystems when there’s an easy alternative for fighting climate change? Especially when rooftop solar can reduce strain on an overtaxed electric grid and — when paired with batteries — help people keep their lights on during blackouts?
The answer isn’t especially satisfying to conservationists.
For all the virtues of rooftop solar, it’s an expensive way to generate clean power — and keeping energy costs low is crucial to ensure that lower-income families can afford electric cars, another key climate solution. A recent report from investment bank Lazard pegged the cost of rooftop solar at 11.7 cents per kilowatt-hour on the low end, compared with 2.4 cents for utility solar.
Even when factoring in pricey long-distance electric lines, utility-scale solar is typically cheaper, several experts told me.
“It’s three to six times more expensive to put solar on your roof than to put it in a large-scale project,” said Jesse Jenkins, an energy systems researcher at Princeton University. “There may be some added value to having solar in the Los Angeles Basin instead of the middle of the Mojave Desert. But is it 300% to 600% more value? Probably not. It’s probably not even close.”
There’s a practical challenge, too.
The National Renewable Energy Laboratory has estimated U.S. rooftops could generate 1,432 terawatt-hours of electricity per year — just 13% of the power America will need to replace most of its coal, oil and gas, according to research led by Jenkins.
Add in parking lots and other areas within cities, and urban solar systems might conceivably supply one-quarter or even one-third of U.S. power, several experts told The Times — in an unlikely scenario where they’re installed in every suitable spot.
Energy researcher Chris Clack’s consulting firm has found that dramatic growth in rooftop and other small-scale solar installations could reduce the costs of slashing climate pollution by half a trillion dollars. But even Clack said rooftops alone won’t cut it.
“Realistically, 80% is going to end up being utility grid no matter what,” he said.
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All those industrial renewable energy projects will have to go somewhere.
Sarcobatus Flat may not be the answer. Federal officials classified all three solar proposals there as “low priority,” citing their proximity to Death Valley and potential harm to tortoise habitat. One developer withdrew its application last year.
Before leaving the area, Cunningham pointed to a wooden marker, one of at least half a dozen stretching out in a line. I walked over to take a closer look and discovered it was a mining claim for lithium — a main ingredient in electric-car batteries.
If solar development didn’t upend this valley, lithium extraction might.
On the beaten track
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The four-wheeler jerked violently as Erica Muxlow pressed her foot to the gas, sending us flying down a rough dirt road with no end in sight but the distant mountains. Five-point safety straps were the only things stopping us from flying out of our seats, the vehicle leaping through the air as we reached speeds of 40 mph, then 50 mph, the wind whipping our faces.
It was like riding Disneyland’s Matterhorn Bobsleds — just without the Yeti.
Ahead of us, Muxlow’s neighbor Jimmy Lewis led the way on an electric blue motorcycle, kicking up a stream of sand. He wanted us to see thousands of acres of public lands outside his adopted hometown of Pahrump, in Nevada’s Nye County, that could soon be blocked by solar projects — cutting off access to off-highway vehicle enthusiasts such as himself.
“You could build an apartment complex or a shopping mall here, and it would be the same thing to me,” he said.
To progressive-minded Angelenos or San Franciscans, preserving large chunks of public land for gas-guzzling, environmentally destructive dirt bikes might sound like a terrible reason not to build solar farms that would lessen the climate crisis.
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But here’s the reality: Rural Westerners such as Lewis will play a key role in determining how much clean energy gets built.
Not long before our Nevada trip, Nye County placed a six-month pause on new renewable energy projects, citing local concerns about loss of off-road vehicle trails. Similar fears have stymied development across the U.S., with rural residents attacking solar and wind farms as industrial intrusions on their way of life — and local governments throwing up roadblocks.
For Lewis, the conflict is deeply personal.
He moved here from Southern California more than a decade ago, trading life by the beach for a five-acre plot where he runs an off-roading school and test-drives motorcycles for manufacturers. His warehouse was packed with dozens of dirt bikes.
“This is my life. Motorcycles, motorcycles, motorcycles,” he said, laughing.
Lewis has worked to stir up opposition to three local solar farm proposals. So far, his efforts have been in vain.
One project is already under construction. Peering through a fence, we saw row after row of trusses, waiting for their photovoltaic panels. It’s called Yellow Pine, and it’s being built by Florida-based NextEra Energy to supply power to California.
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Lewis learned about Yellow Pine when he was riding one of his favorite trails and was surprised to find it cut off. He compared the experience to riding the best roller-coaster at a theme park, only to have it grind to a halt three-quarters of the way through.
“I don’t want my playground taken away from me,” he said.
“Me neither!” a voice called out from behind us.
We turned and were greeted by Shannon Salter, an activist who had previously spent nine months camping near the Yellow Pine site to protest the habitat destruction. She and Lewis had never met, but they quickly realized they had common cause.
“It’s the opposite of green!” Salter said.
“On my roof, not my backyard,” Lewis agreed.
Never mind that conservationists have long decried the ecological damage from desert off-roading. Salter and Lewis both cared about these lands. Neither wanted to see the solar industry lay claim to them. They talked about staying in touch.
It’s easy to imagine similar alliances forming across the West, the clean energy transition bringing together environmentalists and rural residents in a battle to defend their lifestyles, their landscapes and animals that can’t fight for themselves.
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It’s also easy to imagine major cities that badly need lots of solar and wind power — Los Angeles, Las Vegas, Phoenix — brushing off those complaints as insignificant compared with the climate emergency, or as fueled by right-wing misinformation.
But many of concerns raised by critics are legitimate. And their voices are only getting louder.
As night fell over the Mojave, Lewis shared his idea that any city buying electricity from a desert solar farm should be required to install a certain amount of rooftop solar back home first — on government buildings, at least. It only seemed fair.
“Some people see the desert as just a wasteland,” Lewis said. “I think it’s beautiful.”
The view from Black Mountain
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So how do we build enough renewable energy to replace fossil fuels without destroying too many ecosystems, or stoking too much political opposition from rural towns, or moving too slowly to save the planet?
Few people could do more to ease those tensions than Buffett.
Our conversation kept returning to the legendary investor as we hiked Black Mountain, just outside Vegas, on our last morning in the Silver State. We were joined by Jaina Moan, director of external affairs for the Nature Conservancy’s Nevada chapter. She had promised a view of massive solar fields from the peak — but only after a 3.5-mile trek with 2,000 feet of elevation gain.
“It’ll be a little StairMaster at the end,” she warned us.
The homes and hotels and casinos of the Las Vegas Valley retreated behind us as we climbed, looking ever smaller and more insignificant against the vast open desert. It was an illusion that will prove increasingly difficult to maintain as Sin City and its suburbs continue their march into the Mojave. Nevada politicians from both parties are pushing for legislation that would let federal officials auction off additional public lands for residential and commercial development.
Vegas and other Western cities could limit the need for more suburbs — and sprawling solar farms — by growing smarter, Moan said. Urban areas could embrace density, to help people drive fewer miles and reduce the demand for new power supplies to fuel electric vehicles. They could invest in electric buses and trains — and use less water, which would save a lot of energy.
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“As our spaces become more crowded, we’re going to have to come up with more creative ideas,” Moan said.
That’s where Buffett could make things easier.
The billionaire’s Berkshire Hathaway company owns electric utilities that serve millions of people, from California to Nevada to Illinois. Those utilities, Moan said, could buck the industry trend of urging policymakers to reduce financial incentives for rooftop solar and instead encourage the technology — along with other small-scale clean energy solutions, such as local microgrids.
That would limit the need for big solar farms — at least somewhat.
Berkshire and other energy giants could also build solar on lands already altered by humans, such as abandoned mines, toxic Superfund sites, reservoirs, landfills, agricultural areas, highway corridors and canals that carry water to farms and cities.
The costs are typically higher than building on undisturbed public lands. And in many cases there are technical challenges yet to be resolved. But those kinds of “creative solutions” could at least lessen the loss of biodiversity, Moan said.
“There’s money to be made there, and there’s good to be done,” she said.
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It’s hard to know what Buffett thinks. A Berkshire spokesperson declined my request to interview him.
Tony Sanchez, NV Energy’s executive vice president for business development and external relations, was more forthcoming.
“The problem for us with rooftop solar,” he said, is that it’s “not controlled at all by us.” As a result, NV Energy can’t decide when and how rooftop solar power is used — and can’t rely on that power to help balance supply and demand on the grid.
Over time, Sanchez predicted, a lot more rooftop solar will get built. But he couldn’t say how much.
Rooftop solar faces a similarly uncertain future in California, where state officials voted last year to slash incentive payments, calling them an unfair subsidy. Industry leaders have warned of a dramatic decline in installations.
As we neared the top of Black Mountain, the solar farms on the other side came into view. They stretched across the Eldorado Valley far below — black rectangles that could help save life on Earth while also destroying bits and pieces of it.
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Moan believes the key to balancing clean energy and conservation is “go slow to go fast.” Government agencies, she said, should work with conservation activists, small-town residents and Native American tribes to study and map out the best places for clean energy, then reward companies that agree to build in those areas with faster approvals. Solar and wind development would slow down in the short term but speed up in the long run, with quicker environmental reviews and less risk of lawsuits.
It’s a tantalizing concept — but I confessed to Moan that I worried it would backfire.
What if the sparring factions couldn’t agree on the best spots to build solar and wind farms, and instead wasted years arguing? Or what if they did manage to hammer out some compromises, only for a handful of unhappy people or groups to take them to court, gumming up the works? Couldn’t “go slow to go fast” end up becoming “go slow to go slow”?
In other words, should we really bet our collective future on human beings working together, rather than fighting?
Moan was sympathetic to my fears. She also didn’t see another way forward.
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“We really need to think holistically about saving everything,” she said.
The sad truth is, not everything can be saved. Not if we want to keep the world livable for people and animals alike.
Some beloved landscapes will be left unrecognizable. Some families will be stuck paying high energy bills to monopoly utilities, even as some utility investors make less money. Some tortoises will probably die, pacing along fences in the heat.
The alternative is worse.
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The perfect balance of environmentally friendly initiatives and city atmosphere.
We scored and ranked every U.S metro for environmental efforts based on numerous, measurable factors. These factors include alternative fuel resources, recycling jobs and air pollution, registered alternative fuel vehicles and traditional fuel vehicles. These factors were scaled, scored and ranked scored and ranked while controlling for differences in population and land area. Based on this ranking, we’ve compiled the top 10 cleanest cities worthy of analyzing, with Davenport-Bettendorf-Moline-Rock Island, IA-IL coming in at No. 1.
Quad Cities cleanliness
Davenport-Bettendorf-Moline-Rock Island, also known as the Quad Cities, has taken several steps to become a more environmentally sustainable region, earning our title as the cleanest city. The Quad Cities area has several renewable energy projects, including a solar farm in Moline, IL, and a wind farm in Iowa. The region is also exploring additional opportunities for renewable energy development, setting a precedent for green initiatives.
Recycling jobs
Recycling jobs in the Davenport-Moline-Rock Island, IA-IL area are primarily focused on the collection, processing and management of recyclable materials. This group of cities has a whopping 530 recycling jobs, which is in the top 10 metros with the most recycling jobs.
When compared with job opportunities in other industries, these cities have 3.1 recycling jobs for every 1,000 other types of positions. This is great for people who want to contribute to environmental sustainability by reducing waste, conserving resources and minimizing pollution.
Electric vehicles popularity
Alternative fuel cars are increasing in popularity, with good reason. Also known as green or clean energy vehicles, these automobiles use fuels or power sources other than traditional gasoline or diesel. These vehicles reduce the environmental impact associated with cars and contribute to more sustainable transportation.
The high number of alternative fuel vehicles registered in the Quad Cities showcases the region’s commitment to sustainable transportation. With over 400,000 of these vehicles, the area’s proportion of alternative fuel vehicles to traditional cars stands at an impressive 16.17%, reflecting a shift towards greener mobility. While the area is car-dependent, this area is fairly bike-friendly with a bike score of 40.
Air pollution
As cities grow and greenhouse gas emissions are better understood, there is a dire need to control air pollution for breathing health and the future of the earth. The Quad Cities embracing alternative fuel vehicles plays a crucial role in their air pollution.
With an admirable score of 9.4, Davenport-Bettendorf-Moline-Rock Island is proving its commitment to sustainability practices. To offer context of their pollution score(the higher the number, the less air pollution), the neighboring city, Cedar Rapids, IA, comes in at an 8.8 — showing they have slightly worse air pollution. As cities begin to implement practices and work to improve living conditions for their residents, we hope to see scores climb.
Source: Rent. / The Bridges Loft
Renting in Davenport-Bettendorf-Moline-Rock Island
Davenport-Moline-Rock Island is a vibrant metropolitan area situated along the Mississippi River in the Midwestern United States. Known for its scenic beauty and rich cultural heritage, this region comprises the cities of Davenport and Bettendorf in Iowa, and Moline, Rock Island and East Moline in Illinois. The Quad Cities are renowned for their strong sense of community, thriving arts scene and a growing emphasis on sustainability, making it the perfect city for renters.
The region’s dedication to sustainability not only enhances the quality of life for its residents but also serves as an inspiration for other cities yearning to implement more clean and green practices. This area provides a stellar example of the harmonious blend of natural beauty, cultural diversity, city living and green initiatives.
Top apartments in Davenport-Bettendorf-Moline-Rock Island
The future is green
With Davenport-Bettendorf-Moline-Rock Island leading as the cleanest city, their achievement highlights the significance of their commitment to promoting alternative fuel vehicle usage, creating recycling jobs and fostering a culture of sustainability. By prioritizing these green initiatives, they are not only improving air quality but also paving the way for a brighter and more sustainable future, setting an inspiring example for other cities to follow suit.
The dedication of Davenport, Iowa, and surrounding Quad Cities to creating a cleaner and greener environment will have lasting positive impacts on the well-being of both current and future generations. Start your green life in this forward-thinking group of metros today!
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If you spot a Tesla on the road, you may be impressed by the sleek style of the car, but you may also find yourself wondering: How do you take an electric car like that on a road trip? How do you refuel conveniently? The answer is EV charging stations. As electric vehicles grow in popularity, so does the demand for these stations — making the sector an especially hot one for investors.
If you want expert advice on building an investment portfolio that serves your current and future needs, consider working with a financial advisor.
What Is an EV Charging Station?
An EV charging station is essentially a gas station for electric vehicles (EVs). According to the U.S. Department of Energy, while most EV owners have charging stations at their homes, there are tens of thousands of EV charging stations across the country. Whether these are public charging stations or workplace charging stations, they serve the same purpose of recharging the batteries of electric cars.
While the purpose of an EV charging station most resembles a gas station, the actual process is more like recharging your phone. As you might have a phone charger at home but also carry one with you to the office, if you have an EV, you might be best served by having a residential EV charger while still having access to public EV charging stations or an EV charging station at your work.
Are EV Charging Stations Good Investments?
EV charging stations can be good investments as the market for EVs and the accompanying infrastructure to power them grows. According to the U.S. Bureau of Labor Statistics, there is increased consumer demand for EVs and many reasons to believe that that interest will continue to grow.
In 2011, electric cars made up 0.2% of all car sales in the United States. By 2021, that number had swelled to 4.6%. Some research projections say that EV sales could make up as much as 52% of all car sales by 2023.
While environmental concerns have been a major concern for EV drivers historically, cost savings also figure prominently in the move to EVs. Studies find that EVs can save their drivers as much as $12,000 over the life of the vehicle, and that fuel savings alone can be $4,700 or more in the first seven years of owning the vehicle.
Further savings are available for EV buyers thanks to government policies. The Infrastructure Investment and Jobs Act allotted a tax credit worth of up to $7,500 for EV buyers until 2032. That same bill committed $7.5 billion to build out national EV charging infrastructure.
Between personal reasons, cost savings and ongoing improvements to the affordability and battery life of EVs, it’s clear why investors would consider EV charging stations a wise investment.
How to Invest in EV Charging Stations
EV charging stations can be a wise investment for business owners. EV charging stations can be expensive to install, but the Infrastructure Investment and Jobs Act has set aside $1.5 billion to help states build and expand their EV charging networks. Look into your state’s EV charging station plan to see what assistance is available to you—for instance, in Illinois, the Illinois Environmental Protection Agency will offer a rebate of up to 80% of eligible project costs.
Once you’ve set up your charging station, you can charge drivers for the electricity they use to recharge their cars, using a business model similar to a gas station. But EV charging can also generate income for your business in less straightforward ways.
Say you own a restaurant and decide to install a charging station. A driver on a road trip looking for a charging station sees your restaurant is nearby and decides to pull in and charge their car. Charging takes between 20 and 55 minutes—the perfect amount of time for that driver to grab a bite to eat as well. This strategy can apply to a variety of retail establishments, including shops, bars, convenience stores and more.
If you’re not a business owner or don’t want to create and maintain your own EV charging station, there are other ways to invest. You can invest in the companies that are creating and selling the charging equipment and technology, such as Tesla, Chargepoint or Tritium, by purchasing stock. You can also invest in EV-related mutual funds or exchange-traded fund (ETFs).
The Bottom Line
As EVs become more popular, the demand for charging stations will continue to rise. Business owners who invest in EV charging stations can enjoy an additional revenue stream as well as the potential for increased foot traffic and a new customer base. Individual investors who see the promise of the sector can buy in via stocks or ETFs.
Tips for Green Investing
Consider talking to a financial advisor about the pros and cons of green investment strategies and how you might implement them in your portfolio. Finding a financial advisor doesn’t have to be hard. SmartAsset’s free tool matches you with up to three vetted financial advisors who serve your area, and you can interview your advisor matches at no cost to decide which one is right for you. If you’re ready to find an advisor who can help you achieve your financial goals, get started now.
Want to take a look at what your portfolio will look like in a decade? SmartAsset’s investment calculator can help you do just that. Enter how much you have invested, how much you’re contributing and what rate of return you expect. We’ll then show you your investment growth five, 10 or even 30 years into the future.