Solar Power Boosts Home Sale Prices by $17,000
New research by the U.S. Department of Energy’s Lawrence Berkeley National Laboratory finds that installing a residential solar energy system increases a home’s value by an average of $17,000.
Homes with Solar Power Attract Higher Offers
The study analyzed 72,000 California homes sold between 2000 and mid-2009, almost 2,000 of which had solar energy systems. It found that homes with solar sold for an average of $17,000 more than
comparable non-solar homes.
Homes with solar power attracted higher offers from buyers who wanted to save money on utility bills and reduce their impact on the environment. The increased home sale price was comparable to the average cost of system installation, and solar homeowners also enjoyed the benefit of dramatically lower electric bills. Want to learn more? Download the two-page summary of the report’s key findings.
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