August 19, 2010
Let’s be honest – in our current economic climate, undertaking extensive home renovation projects is probably not on the top of your list. Consider saving the new fireplace or the underground swimming pool project for another year in favor of one home improvement that will not only drastically increase your property value, but also help you sell your home faster: installing solar panels.
Why does solar increase your home value?
Imagine that your electricity was going to get more expensive and your utility would raise its rates at any given time. Imagine that national demand for that expensive electricity was going to keep growing, and had already grown 25% since 1990. Finally, imagine that generating this traditional, expensive electricity was creating pollution and hurting the environment.
You’re not imagining. The above are all realities that explain why solar homes sell faster, and for more money. According to the U.S. Department of Energy’s Office of Energy Efficiency & Renewable Energy, a solar home will sell twice as quickly as a home without solar.
Want to learn more? Read SunRun’s newest report on the impact of solar panels on the value of your home: Solar Home Value – SunRun Report.
{ 3 comments… read them below or add one }
I agree completely. Everbody needs to consider solar, especially in Arizona. So much so and so little rain and clouds.
Can you please site the report, I can’t find it on the DOE’s website
SunRun’s Solar Home Value report is here: http://www.sunrunhome.com/why-solar/solar-increases-home-value/solar-home-value-report
The DOE EERE document that cites the 2x as fast information is here: http://www1.eere.energy.gov/solar/pdfs/43076.pdf