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Are you looking to increase your home resale value in Texas? Install solar panels and you’ll not only add value to your home, but also save money on power bills.
According to a recent study conducted by the U.S. Department of Energy’s Lawrence Berkeley Laboratory, home buyers have consistently been willing to pay more money for homes with solar power systems.
The study analyzed the sales of almost 22,000 homes in eight states from 1999 to 2013, almost 4,000 of which contained solar PV systems.
The key finding: on average, homebuyers are “consistently willing to pay PV home premiums” of approximately $4 per watt of installed solar capacity. For a typical 6-kilowatt solar PV system, this means that solar can add $24,000 to your home’s resale value!
-Sandra Adomatis, Co-Author of Berkeley Lab’s Selling Into the Sun Report
According to the Solar Energy Industries Association, over 2 million U.S. homes and businesses have gone solar! There’s over 71,300 MW of cumulative solar electric capacity operating in the U.S., enough to power more than 13.5 million average American homes. Now is a great time to join the solar power revolution!
Through Q3 2019, Texas installed 3,420 MW of solar electric capacity, ranking it 4th nationally. There’s enough solar energy installed in Texas to power 408,000 homes.
And, since 2010 the average price of a PV solar panel has dropped by 63%!
Lawrence Berkeley National Laboratory: Selling into the sun: Price premium analysis of a multi-state dataset of solar homesNew York Times: Appraising solar energy’s value: Solar panels and home values
CNET.com: Solar panels increase home values
Zillow Research: Homes with solar panels sell for 4.1% more
Energy Renovation Centerinfo@EnergyRenovationCenter.comPhone: 888-604-0226
You’ve heard that solar energy is good for the environment, but have you ever wondered why or how? In this article, we’ll.
Installing solar at home benefits both you and the environment by reducing the amount of electricity purchased from the utility and your.
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