Solar Homes Add Resale Value
Study finds that solar often adds $15,000 to home value.
Lawrence Berkeley National Laboratory (LBNL), showed that homeowners across the country have been willing to pay a premium for a solar home that reflects the value of the solar system, which was about $15,000 for a home with an average-sized, resident-owned solar array. Although market factors like electricity rate and system price may impact the size of the premium, solar homes can be expected to sell for more than homes without PV.
Solar systems not only increase the value of a home, they also increase the speed with which a home is sold. Evidence indicates that homes with PV spend less time on the market than those without. In 2008, California homes with energy-efficient features and PV sold faster than homes that consumed more energy. In Denver, homes with solar were also sold more quickly
Source Department of Energy
Solar panel’s wattage, capacity and power output: What does it all mean and why does it matter?
Figuring out your best options for solar on your home can be daunting. This excellent article by energysage.com gives you great information to start off the converstion with your solar installer.
"For example, if two solar panels both have 15 percent efficiency ratings, but one has a power output rating of 250 watts and the other is rated at 300 watts, it means that the 300-watt panel is about 20 percent physically larger than the 250-watt panel. That’s why EnergySage and other industry experts view panel efficiency as being a more indicative criterion of solar panel performance strength than solar capacity alone."
Read the full article to learn more.
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