How Much Does Solar Energy Add To A Homes Value

Dated: 10/30/2017

Views: 150

How much does solar energy add to a home’s value?

TAMPA, Fla. – Oct. 27, 2017 – The U.S. Solar Market Value Report, a first-of-its-kind study, attempts to put a dollar value on home values before and after a solar-energy system has been installed. Energy Sense Financeand Sandia National Laboratories published the report with funding by the U.S. Department of Energy's SunShot Initiative.

Click here to download a full copy of the report.

The report is based on data collected from the PV Value tool that allows appraisers to attribute a value for solar energy systems on residential properties. The data included in the study was taken from three states where solar is commonly installed: California, Arizona and Massachusetts.

The report reveals that the mean value for a solar energy system in 2016 was: $3.93/watt in California, $2.17/watt in Massachusetts and $2.34/watt in Arizona.

The report also included valuations for older systems. It found that 12-year old solar energy systems that were part of a home sale in 2016 were worth 50 percent of the value of new systems that also transacted in 2016. That suggests that solar retains value over time as part of a home's value – a monetary savings in addition to the annual energy savings the homeowner already received.

© 2017 Florida Realtors

Want to Advertise on this Site?

Latest Blog Posts

Kens YouTube Channel

Here's a link to check out Ken's YouTube Channel:Unfortunately, an error occurred: Panel only seen by widget

Read More

Check Out Episode 2 Of Just Florida TV Where We Explore The Florida Aquarium And More

In this Episode Team SKL takes you on a behind the scenes tour of the Florida Aquarium.  We also take another look back at John's Pass and tour the historical boardwalk and village! 

Read More

Kitchen Fire Safety

Kitchen Fire SafetyThere are a number of potential causes of kitchen fires. There are the usual fire hazards such as electrical shorts, but you also have kitchen-specific risks such as splashing oil

Read More

3 Out Of 4 Millennials Think They Know How To Sell A Home THINK AGAIN

3 out of 4 millennials think they know how to sell a homeIRVINE, Calif. – Jun 12, 2019 – More than three-quarters of millennials feel very confident about how to sell a home, but very few have

Read More