Silverwood Inc.
Sales Construction Development Design
Bingham Ridge At-A-Glance
THE NEIGHBORHOOD
Located in Northern Chatham County, Bingham Ridge is a new neighborhood of 39 home sites on 123 acres. The homes are ENERGY STAR® certified with active solar systems for hot water and electrical generation. Electricity generated is sold into Progress Energy’s grid and reimbursed by the NC Green Power program.
For homes on heavily wooded lots (with reduced solar access), a geothermal heating and cooling system is offered in lieu of the solar electric system.
The Craftsman style designs combine energy efficiency with gracious open floor plans to create a high performance home with seamless operation. Generous use of wood, tile and stone make the homes as beautiful as they are efficient.
HOMEOWNER BENEFITS
- Reduced Utility Bills
- Healthier Indoor Air
- More Comfortable and Quiet Living Spaces
- Positive Cash Flow from Electricity Generation
- 5% Discount on Progress Energy’s Bill
- Renewable Energy Tax Credits
- Higher Resale Value
COMMUNITY BENEFITS
- Reduced Energy Consumption
- Green Power Generation for the Grid
- Reduced CO2 Output for a Healthier Planet
COMMUNITY INFORMATION
- Neighborhood Amenities: Walking Trail
- Restrictive Covenants
- Schools:
- Perry Harrison K-5
- Margaret Pollard 6-8
- Northwood High 9-12
- Woods Charter K-12
- Utilities:
- Progress Energy
- AT&T Fast Access DSL
- North Chatham Fire District
- Tax Rate: .6879 (2010)
- UNC Park & Ride Lot: < 5 Miles
- Shopping: < 5 Miles
RENEWABLE ENERGY FEATURES
- Passive Solar Design
- Solar Hot Water System
- Grid-tied Photovoltaic Array
- Geothermal HVAC System
The photovoltaic system qualifies for both federal and North Carolina renewable energy tax credits. Federal tax credits equal 30% of the installed cost and N.C. credits equal 35% of the installed cost with a $10,500 cap.The combined credits reduce the cost of the system 65% for the first homeowner.
Solar hot water panels are more integrated than ever before, and are capable of providing up to 100% of domestic hot water requirements. The heat exchanging medium is a glycol (anti-freeze) solution, so you never need to drain the system during cold weather.
The solar hot water system qualifies for both federal and North Carolina renewable energy tax credits. Federal tax credits equal 30% of the installed cost and N.C. credits equal 35% of the installed cost with a $1,400 cap.The combined credits reduce the cost of the system approximately 53% for the first homeowner.
Geothermal heat pumps are more efficient than air based heat pumps because they extract energy from the constant temperature of the earth to condition the air in a home. In this sense, geothermal is a partially-renewable form of energy. The geothermal system qualifies for both federal and North Carolina renewable energy tax credits. Federal tax credits equal 30% of the installed cost and N.C. credits equal 35% of the installed cost with an $8,400 cap.The combined credits reduce the cost of the system approximately 59% for the first homeowner.
