26 Apr '11, 12am

Solar Lifts California Home Sales Prices

“We find compelling evidence that solar photovoltaic systems in California have boosted home sales prices,” said Ben Hoen, the lead researcher on the study and a principal research associate at Berkeley Lab . "The irony is that we found that premiums were smaller for new home sales than for existing home sales, and the big question was why," he said. "In discussion with homebuilders, we surmised that PV is being used not to boost sales price but differentiate from other homes. The developers have a lot of money wrapped up in new homes, so if a relatively low-cost PV system will help it sell, they install it," he explained. Based on analysis of 72,000 homes sold in the state, the study reported, "The (premium sale price) effects range, on average, from approximately $3.9 to $6.4 per installed DC watt of PV, with most coalescing near $5.5 per watt, which corresponds to a hom...

Full article: http://www.renewableenergyworld.com/rea/news/article/2011...

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