Source: Berkeley Lab, Apr 21

New research by the U.S. Department of Energy’s (DOE) Lawrence Berkeley National Laboratory finds strong evidence that homes with solar photovoltaic
(PV) systems sell for a premium over homes without solar systems. “We find compelling evidence that solar PV systems in California have boosted home sales
prices,” says the lead author Ben Hoen, a researcher at Berkeley Lab. “These average sales price premiums appear to be comparable with the average
investment that homeowners have made to install PV systems in California, and of course homeowners also benefit from energy bill savings after PV system installation and prior to home sale.”

The research finds that homes with PV in California have sold for a premium, expressed in dollars per watt of installed PV, of approximately $3.90 to
$6.40/watt. This corresponds to an average home sales price premium of approximately $17,000 for a relatively new 3,100 watt PV system (the average size
of PV systems in the Berkeley Lab dataset), and compares to an average investment that homeowners have made to install PV systems in California of
approximately $5/W over the 2001-2009 period. Download the full report, “An Analysis of the Effects of Residential Photovoltaic Energy Systems on
Home Sales Prices in California” (http://budurl.com/MercomRPVCA). Source: Berkeley Lab, Apr 21

If comments are closed.

Comments are closed.

-->