27 Dec '15, 3pm

Solar Powered Homes Valued Higher - The Green Optimistic

Solar Powered Homes Valued Higher - The Green Optimistic

Research has found that a solar powered home brings more value when it’s time to sell. The study, Appraising into the Sun: Six-State Solar Home Paired-Sales Analysis , found that having a house with solar power, e.g. having a photovoltaic (PV) system, added increased the value of that home in six different markets. Photovoltaic refers to the method of generating electricity using solar cells that convert energy from the sun. Previous research had indicated that potential purchasers would pay $15,000 per year more for a home that had solar power; those findings were confirmed. The study, funded in part by the US Department of Energy’s SunShot Initiative, will benefit appraisers, realtors and mortgage lenders. All parties are increasingly encountering PV homes in their lines of work, and by having this research, they will be more educated on what can add to or detract from v...

Full article: http://www.greenoptimistic.com/solar-powered-homes-value/...

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