NewEnergyNews: ROOFTOP SOLAR INCREASES HOME RESALE PRICE

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    Thursday, January 30, 2014

    ROOFTOP SOLAR INCREASES HOME RESALE PRICE

    Solar Power Adds A Premium To A Home's Resale Value

    Nora Caley, January 16, 2014 (Solar Industry)

    "…New research from the Lawrence Berkeley National Laboratory indicates that a rooftop photovoltaic system can…increase a house's price, and researchers were able to quantify how much of a premium solar can command…[A]ppraisers and other real estate industry professionals often assign no value to a home's PV systems. Tools such as the PV Value spreadsheet from Sandia National Laboratories and Energy Sense Finance are available to mortgage professionals but are not widely used…[Exploring California PV Home Premiums] examined 1,894 PV homes sold in California from 2000 through 2009 and compared them to 70,425 non-PV homes sold over the same period and in the same neighborhoods as the PV homes. The researchers made sure that other factors did not affect the sales prices [and found each] 1 kW increase in [PV system size] equated to a $5,911 higher premium, but each year a system aged equated to a $2,411 lower premium…” click here for more

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