THE REAL ESTATE VALUE OF SOLAR
You’ll Never Guess How Much Solar Panels Can Raise Your Homes' Value; Solar systems increase home value -- just not for everyone.
Justin Loiseau, December 9, 2015 (Motley Fool)
“…[D]oes a rooftop solar panel system actually increase home value? …[T]he answer is: sometimes yes. Using cost estimates, income estimates, and side-by-side comparisons to similar non-solar homes, owned rooftop solar systems end up in the black. By comparing the sale prices of around 4,000 solar rooftop homes across eight states and 12 years to nearly 19,000 comparable non-solar homes, researchers found that, for an average 3.6kW solar system house, buyers were generally willing to pay around $15,000 more than for a comparable non-solar home…[But] the news isn't all good…[The DOE LBN study] focuses on fully owned solar systems, and [not] solar leases and power purchase agreements (PPAs)…models that are much less certain to increase home value…[I]ncreased home value is only part of the equation -- savings over time may add up to even more…An average $15,000 more in home value for solar owners will go a long way to expanding solar markets, but only [for] the companies with the best financial solar packages…” click here for more