Many prior studies have suggested that solar adds to a home's value, but they have often been limited in time range and geographic scope. Now, a team of scientists from Berkeley Labs, in partnership with universities and appraisers, has found that solar unequivocally improves the value of a home, on average by an amount of $15,000 .
The data is based on analysis of "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."
Some key findings:
So the good news for solar customers?
For the data-hounds, there is a great deal more information on this report, and an upcoming webinar on its findings, available online at: https://emp.lbl.gov/publications/selling-sun-price-premium-analysis .
The solar array of Scarborough-based relator Jean-Marie Caterina slashed energy bills from $600/mo to around $100/mo, and will fetch a premium price should she ever need to sell her home.