Solar panels add premium to home value, study finds

by Edgar Meza, PV Magazine

Residential solar installations could make U.S. homes more attractive, and their sale more lucrative.

According to a new report by the U.S. Department of Energy’s Lawrence Berkley Laboratory (Berkeley Lab), home buyers have been consistently willing to pay more for homes with host-owned solar systems, averaging about $4 per watt of PV installed, across various states, housing and PV markets and home types.

The report, Selling into the Sun: Price Premium Analysis of a Multi-State Dataset of PV Homes, found that premiums for a typical residential PV system averaged around $15,000.

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