{"id":965,"date":"2016-09-22T09:04:36","date_gmt":"2016-09-22T14:04:36","guid":{"rendered":"https:\/\/solattach.com\/?p=965"},"modified":"2016-09-22T09:04:36","modified_gmt":"2016-09-22T14:04:36","slug":"much-solar-panels-boost-home-sale-prices","status":"publish","type":"post","link":"https:\/\/solattach.com\/much-solar-panels-boost-home-sale-prices\/","title":{"rendered":"How much do solar panels boost home sale prices?"},"content":{"rendered":"
\"Residential<\/a>

Sol Attach Mount<\/p><\/div>\n

Add a new steel front door to your house and you\u2019ll likely recoup the investment if you have to sell. But what about a solar power system?<\/h5>\n

 <\/p>\n

A group of California economists looked at that question in a recent study and found that on average, homeowners in California who install photovoltaic solar panels to power their homes can recover nearly all the investment costs if they move\u2013and that\u2019s on top of the annual energy savings.<\/p>\n

The economists looked at utility data, sales records of single family homes and building permit data in San Diego County and Sacramento County from 2003 through year-end 2010.<\/p>\n

The study, published by the National Bureau of Economic Research, titled \u201cUnderstanding the Solar Home Price Premium: Electricity Generation and \u2018Green\u2019 Social Status,\u201d is available here<\/a>.<\/p>\n

For the average installation, the authors found that solar panels added a $20,194 premium to the sales price of the house based on repeat sales data (houses were in the mid-$500,000 range).<\/p>\n

The National Renewable Energy Laboratory<\/a>\u00a0offers a useful guide when determining how much your property\u2019s value will go up. According to its research, each additional $1 in energy bill savings (from your solar installation) adds $20 to your home\u2019s total value.<\/p>\n

The exact numbers vary from property to property and installation to installation, but recent research shows an average increase in resale value being $5,911 for each 1 kilowatt (kW) of solar installed. In a state like California, for example, a small 3.1-kilowatt (kW) system can add an average of $18,324 to the value of a medium-sized home.<\/p>\n

The property value advantages of solar energy only increase as you scale up. Installing 5kW of solar panels adds an average of $29,555 to the retail value of a medium-sized home.<\/p>\n

It\u2019s important to note that these statistics only apply to today\u2019s housing prices and utility rates. As electricity prices go up (as they most certainly will), the advantages of solar energy rise proportionally as well.<\/p>\n

With the right-sized installation, solar energy is an investment that potentially pays a 200%+ return \u2013 far exceeding most any other financial vehicle you can imagine.<\/p>\n

And unlike most investments on the market, you actually begin enjoying those returns on Day 1.<\/p>\n

Thank you to our friends at Forbes<\/em>\u00a0for providing the original article below.<\/h5>\n

Source: http:\/\/www.forbes.com\/sites\/ashleaebeling\/2011\/08\/01\/how-much-do-solar-panels-boost-home-sale-prices\/#3c8b1de729dd<\/a><\/p>\n

\n

The Sol Attach Solar Mounting System was developed by Sol Attach, LLC and is certified to operate in 15 states. The Sol Attach Solar Mounting System requires less product to purchase, ship, inventory, and install. We believe you\u2019ll agree: it\u2019s a game changer for the solar industry.<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"

Add a new steel front door to your house and you\u2019ll likely recoup the investment if you have to sell. But what about a solar power system?   A group of California economists looked at that question in a recent study and found that on average, homeowners in California who install photovoltaic solar panels to power their homes can recover nearly all the investment costs if they move\u2013and that\u2019s on top of the annual energy savings. The economists looked at utility data, sales records of single family homes and building permit data in San Diego County and Sacramento County from 2003 through year-end 2010. The study, published by the National Bureau of Economic Research, titled \u201cUnderstanding the Solar Home Price Premium: Electricity Generation and \u2018Green\u2019 Social Status,\u201d is available here. For the average installation, the authors found that solar panels added a $20,194 premium to the sales price of the house based on repeat sales data (houses were in the mid-$500,000 range). The National Renewable Energy Laboratory\u00a0offers a useful guide when determining how much your property\u2019s value will go up. According to its research, each additional $1 in energy bill savings (from your solar installation) adds $20 to your home\u2019s total value. The exact numbers vary from property to property and installation to installation, but recent research shows an average increase in resale value being $5,911 for each 1 kilowatt (kW) of solar installed. In a state like California, for example, a small 3.1-kilowatt (kW) system can add an average of $18,324 to the value of a medium-sized home. The property value advantages of solar energy only increase as you scale up. Installing 5kW of solar panels adds an average of $29,555 to the retail value of a medium-sized home. It\u2019s important to note that these statistics only apply to today\u2019s housing prices and utility rates. As electricity prices go up (as they most certainly will), the advantages of solar energy rise proportionally as well. With the right-sized installation, solar energy is an investment that potentially pays a 200%+ return \u2013 far exceeding most any other financial vehicle you can imagine. And unlike most investments on the market, you actually begin enjoying those returns on Day 1. Thank you to our friends at Forbes\u00a0for providing the original article below. Source: http:\/\/www.forbes.com\/sites\/ashleaebeling\/2011\/08\/01\/how-much-do-solar-panels-boost-home-sale-prices\/#3c8b1de729dd The Sol Attach Solar Mounting System was developed by Sol Attach, LLC and is certified to operate in 15 states. The Sol Attach Solar Mounting System requires less product to purchase, ship, inventory, and install. We believe you\u2019ll agree: it\u2019s a game changer for the solar industry.<\/p>\n","protected":false},"author":3,"featured_media":506,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[40,26,7],"tags":[42,43,8,41],"_links":{"self":[{"href":"https:\/\/solattach.com\/wp-json\/wp\/v2\/posts\/965"}],"collection":[{"href":"https:\/\/solattach.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/solattach.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/solattach.com\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/solattach.com\/wp-json\/wp\/v2\/comments?post=965"}],"version-history":[{"count":4,"href":"https:\/\/solattach.com\/wp-json\/wp\/v2\/posts\/965\/revisions"}],"predecessor-version":[{"id":969,"href":"https:\/\/solattach.com\/wp-json\/wp\/v2\/posts\/965\/revisions\/969"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/solattach.com\/wp-json\/wp\/v2\/media\/506"}],"wp:attachment":[{"href":"https:\/\/solattach.com\/wp-json\/wp\/v2\/media?parent=965"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/solattach.com\/wp-json\/wp\/v2\/categories?post=965"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/solattach.com\/wp-json\/wp\/v2\/tags?post=965"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}