How Grid Tie Solar Power Adds Home Resale
Value
Research and statistics now show that a
home with a solar system increases its resale value.
Sixty-three percent of the participants in a survey
taken in 2004 by the Environment California Research
& Policy Center said they would pay more for a home
with solar power. Fifty percent indicated they would
pay $75 to $100 more on a monthly mortgage to have
energy efficiency.
A National Renewable Energy Laboratory study of Zero
Energy New Homes in the San Diego area showed that a
home with solar and energy efficiency showed an
increase of 42% in value compared to a standard home
of 22%, which was the average resale value of homes
in the area. (Source: David Springer, President of
the Davis Energy Consulting Group, 2004)
A 7.8kW solar system will give you a return of 152%
while a kitchen remodel returns only 75%. (Source:
Andy Black, solar financial consultant and owner of
OnGrid Solar Energy Systems)
The Environment California survey. A survey of
homeowners in California asked the question of
homeowners, “If you were to sell your home, do you
think the solar PV system would be a selling
feature?” Eighty-four percent of the respondents
said yes, 15% said they weren’t sure, and 1% said
no.
A recent study by ICF Consulting which was funded by
HUD and the EPA stated that energy saving measures
such as solar can add $20 of home value for every $1
of yearly energy cost savings.
Be
Your Own Power Company
Why rent power from your utility company when you
can generate your own power? Just like your decision
to buy a home, a solar system locks in your costs
and gives you a positive yield investment. Pay back
for most home equity loans is 5 to 15 years
depending on your system.
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