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How Much Will My Property Value Increase With Solar?
3 min read
Prior studies have stated that having solar on a home has no benefits in increasing the value of a home, but there have been many restrictions on the studies themselves. Just recently, a study done by Berkeley Labs with newer demographics and information, their studies indicate that solar in fact, does increase the value of home.
The study findings included:
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Having a solar system on top of a home, adds a unique value financially, environmentally, and stylistically.
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Appraisers will be able to apply the systems value onto the home itself.
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Each system varies in price addition, based on the KW size.
According to Berkeley Labs, “In partnership with universities and appraisers, studies have found that solar unequivocally improves the value of a home, on average by an amount of $15,000.” (revisionenergy.com) Along with that, they stated, “Almost 22,000 sales of homes, almost 4,000 of which contained PV systems in eight states from 2002 to 2013—producing the most authoritative estimates to date of price premiums for U.S. homes with PV systems.”
Sources:
https://emp.lbl.gov/publications/selling-sun-price-premium-analysis
