Solar Ups Home Resale Values

Study: Home values increase when solar panels get installed; Research considers appraisal values of homes across six states

Kelsey Ramirez, March 29, 2016 (Housing Wire)

“…[H]omes that use solar panels are sold at a premium [according to An Analysis of Solar Home Paired Sales across Six States]…Some homeowners showed concern that solar energy would cost more than they could get back, however several studies now reveal that there is demand from homebuyers for solar energy homes, finding that buyers consistently have been willing to pay more for homes that use solar energy…The average premium for all study areas is $14,329, which is 3.74% of the average sale price and equates to $3.78 per watt for the average-sized solar panel system…The report suggests that lending appraisal guidelines and expectations should align with this reality and allow other forms of premium estimates when comparable sales are not available.” click here for more

click to enlarge

Tweet