Solar Home Value

Solar Home Value: Solar Homes Sell Faster

A new analysis by the U.S. Department of Energy’s Office of Energy Efficiency & Renewable Energy indicates that solar homes sell twice as fast as homes without solar panels. The increase in home value comes from both the perception of increased resale value and the actual energy savings produced by the solar array.

A $1 reduction in annual electricity bills translates into a$20 increase in home value, which means that saving $1,000 per year in energy costs could mean a $20,000 increase in home value.

The DOE paper states that solar makes “your house more affordable to more people.