The installation of a solar energy system is one of the wisest home improvements you can make. When considering any major investment in your home, it is necessary to determine how that improvement will improve the value of your home.
Recent studies by the Lawrence Berkeley National Laboratory and others have shown that adding a solar PV system to your home will increase its value by 3.74%, making solar one of the best ways to invest in your home.1 In their example, a home valued at $250,000 would realize a market-value increase of $9,350. Learn more here.
Another related study, titled “Selling the Sun: Six State Solar Home Paired-Sales Analysis” points to the fact that $4 per installed watt has been used by the real estate appraisal industry2,3. In the example, the installation of a 6kW solar system could fetch the homeowner an additional $24,000 when the time comes to sell the home.
While actual home sale values will vary by market, we believe that an investment in solar is a good investment in your home.