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Study Shows Solar Panels Boost A Home’s Value
A new study from Lawrence Berkeley National Laboratory found that houses with rooftop solar panels fetch higher prices than comparable homes without them.
The extra home value, according to the San Francisco Chronicle, more than covers the cost of installing the panels, with bigger arrays bringing higher premiums. Buyers also prefer newer systems; the amount an array adds to a home’s value decreases in older photovoltaic (PV) panels.
“The take-away here is the market is showing that PV is valued by home buyers,” Ben Hoen, the study’s lead author and staff research associate at the laboratory, told the Chronicle. “There could be a green cachet for the PV system that would be over and above the expected price.”
The study found that a home’s value increased about $5,900 for each kilowatt a system can generate — most home systems generate between two and five.
Regarding the effect of a system’s age on home value, the study found that while electricity production from silicon solar panels declines by less than 1 percent each year, premiums dropped about 9 percent annually.
Have access to unlimited off-the-grid electricity…
“They might be perceived as older technology, even if they’re still producing electricity at the expected rate,”
Source: http://www.offthegridnews.com/2013/12/23/study-shows-solar-panels-boost-a-homes-value/
No, the take away here is LBNL is a defense contractor.
Last story I heard from them was they were going to hold our nations uranium and install mini guns on their rooftops…
Thank god GW was in office at the time….he doesn’t know anyone here he was willing to give the contract too