News: Host-owned rooftop solar improves a home’s resale value
According to a recent study led by Lawrence Berkeley National Laboratory, home buyers are willing to pay more for homes with host-owned rooftop solar systems.
As common-sense as these findings might seem to solar insiders, the figures provide a benchmark and some confidence for realtors and appraisers. That’s the true audience for these calculations. As the number of solar homes grows, the question of the real value of a used solar system is going to come up more and more.
More than half a million U.S. homes had PV installed in the U.S. by the end of 2014. “As PV systems become more and more common on U.S. homes, it will be increasingly important to value them accurately, using a variety of methods,” says co-author Sandra Adomatis, an appraiser who helped develop the Appraisal Institute’s Green Addendum. She noted, “Our findings should provide greater confidence that PV adds a quantifiable premium to a wide variety of homes in California and beyond.”
Read the full story. (Greentech Media)