Source: Berkeley National Laboratory
How Solar Increases the Value of Your Home
Solar energy systems are an attractive asset for Homeo wners looking to sell their homes, as rooftop panels have been shown to increase the value of the home while reducing its time on market.
A 2013 study from the Lawrence Berkeley National Laboratory indicates that a medium-sized residential solar system can add more than $20,000 to the value of a home. In addition, according to a study that was sponsored in part by the U.S. Department of Housing and Urban Development, home values can increase on average by $20 for every $1 reduction in annual utility bills. Savings of just $40 per month could lead to a $10,000 increase in the value of your home.
The addition of a solar energy system has proven to draw increased interest from home buyers, leading to shorter periods of time on the market. According to the U.S. Department of Energy, homes with solar sell at up to twice the rate of their conventional counterparts.
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