NewEnergyNews: Solar Makes A Home’s Value Grow

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    Thursday, July 21, 2016

    Solar Makes A Home’s Value Grow

    Increase Your Home’s Value with Solar Panels; Consider installing a home solar system to save money on utility bills and boost your home’s value.

    Shelley Stonebrook, August/September 2016 (Mother Earth News)

    “…Installing a home solar system may provide long-term benefits to your household’s bottom line in reduced energy costs…[and] there’s another key financial perk to consider…[A Lawrence Berkeley National Laboratory report showed] a home’s value will increase about $15,000 if it includes an average-sized PV system (about 3.6 kW). When analyzing the data in terms of units of energy produced, the researchers found that property value goes up about $4 per watt of energy generated by the solar system installed on a given home…The researchers found only a small and insignificant difference in the value added for new homes with solar systems compared with existing homes that were retrofitted with a PV system. This means you can use solar to increase your home’s value even if it’s an older home…” click here for more

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