Solar Energy Boosts Home Sale Prices by $17,000
New research by the U.S. Department of Energy’s Lawrence Berkeley National Laboratory finds that installing a residential solar system increases a home’s value by an average of $17,000.
The study analyzed 72,000 homes sold between 2000 and mid-2009, almost 2,000 of which had solar energy systems. It found that homes with solar sold for an average of $17,000 more than comparable non-solar homes.
Although this research finds strong evidence that homes with solar systems have sold, on average, for a significant premium over comparable homes without solar systems, the authors recommend that extrapolation of these results to different locations or market conditions be done with care.
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