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Residential Solar: Study shows $14,300 Premium to Home Resale Price

A new study just published shows that owner-purchased residential solar power systems can add a premium to a home's sales price. The report produced by the Appraisal Institute, a professional real estate appraisal journal, indicates that buyers are willing to pay an average selling premium of 3.75% or $14,329 for a home solar power system over a comparable house with conventional power. The study looked at six states, and normalized the analysis for comparable fair market value homes with available solar system data.

 

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Can you recoup the cost of solar when you sell your home?

A recent article on the Bay Area's SFgate.com raised the question of whether or not the cost of installing solar on your home can be recouped in its sale price--especially in this market. This is a question we hear a lot, and it's a good one. Continue reading here, to find out why a solar energy system is likely to boost your home's resale value.

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White paper #1: 5 things real estate pros should know about solar

According to a recent report, more than 80,000 solar energy systems were installed in the United States in 2007. Growth is expected to continue: the $2.5 billion residential solar market of 2007 is expected to approach $40 billion by 2014. With more and more homes and businesses going solar, agents and brokers will need to read up to stay relevant. Here’s a GetSolar quick intro...

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